NAVI Protocol priceNAVX

$NAVX

#SUI is On Fire—Degens, Strap In! 🚀🔥 Since August 5, 2024, $SUI has gone full turbo mode, skyrocketing +800%! 🤯 With $35B DEX volume and a wild $466M in daily volume, it’s not just a moonshot—it’s an orbital takeover. 🌕📈 The Sui Network ecosystem isn’t just growing—it’s mutating into a powerhouse. If you’re still sitting on your hands, now’s the time to wake up and smell the alpha. 😏💸 💬 Are you ready to ape into the #SUI revolution or will you just watch the fireworks from the sidelines? 👀👇 ✨ Degenerate Gems to Watch (because you’re here for the plays, right?): 🦑 #CetusProtocol $CETUS 📚 #DeepBook $DEEP 📛 #SuiNS $NS 💎 #Scallop $SCA 🚀 #NaviProtocol $NAVX 📈 #SuiLendProtocol $SEND 🔵 #Bluefin $BLUE 💨 #TurbosFinance $TURBOS 🦛 #HippoSwap $HIPPO 💧 #Blub $BLUB 🐾 #FUDThePug $FUD ⚡️ #Hsui $HSUI 🎉 #SacabamFun $SCB 🍸 #BeliquorOnSui $LIQ 🐕‍🦺 #SuiPugwif $PUGWIF 🐷 #PiguWorld $PIGU 😂 #Goofy $GOOF 🍡 #MochiBlob $MOCHI 🦎 #Axolon $AXOL ❄️ #LofiYeti $LOFI 🔥 #SuperSuiyan $SUIYAN 🔪 #CHOPonSui $CHOP Degens, this isn’t just a moon—it’s the entire galaxy calling. Don’t get left behind. 🚀 #Crypto #SUItoMars #DegensAssemble

Let’s break down the latest in the crypto world because things are spicy right now. First up, Bitcoin is absolutely flexing on the market with a jaw-dropping price of $94,871. Yup, you read that right, just a hair away from that six-figure mark everyone’s been eyeing. Meanwhile, Ethereum isn’t sleeping either. It’s sitting pretty at $3,455, holding strong and doing its thing. Now, let’s talk about market vibes. The Fear Index is at a sky-high 83, which means everyone’s feeling pretty fearless and bullish right now. BTC dominance is at 59.1%, so yeah, Bitcoin’s still the big boss around here. As for the day’s top movers, the spotlight’s on FAR, which just shot up by a wild 59%. If you had your money there, congrats you’re probably smiling all the way to the bank. On the flip side, NAVX had a rough day, dropping 15%. Not every coin can win, right? Now here’s the real juice: BlackRock, one of the biggest names in finance, just went *hard* on Bitcoin. They bought a mind-blowing $2 billion worth of BTC last week. That’s a huge deal because it’s yet another sign that institutional players are putting serious trust (and money) into the market. When companies like BlackRock make moves like this, it’s like a stamp of approval for crypto. Bottom line? The market’s hot, institutional interest is surging, and Bitcoin’s inching closer to legendary territory. Keep your eyes on the charts. this ride isn’t slowing down anytime soon! $BTC $ETH

📈 Daily Crypto Recap 🔸 BTC: $98,031 🔸 ETH: $3,400 Indicators: • Fear Index: 83 • BTC dominance: 59.1%. Winners: FAR (+59%) | Losers: NAVX (-15%). ETF funds are surging: BlackRock purchased $2 billion worth of BTC last week, signaling institutional trust in the market.

➡️Weekly Update on Layer 1: Altcoin Decline Affects TVLs, but $SUI Shows Resilience Contents Key Takeaways Layer-1 Ecosystem Roundup Sui Chain Update Latest Sui News Key Takeaways Layer-1 TVL Decline: Major Layer-1 networks, such as Solana and Tron, faced TVL declines due to the ongoing altcoin market downturn. Polygon and Hyperliquid, however, bucked the trend, each showing notable weekly growth in TVL. Ethereum's Dominance: Ethereum continues to dominate the Layer-1 space, boasting a higher TVL than all other Layer-1 networks combined, even though it has relatively few active addresses. Sui's Resilience: Sui's new liquid staking solution, SpringSui, has increased ecosystem TVL, though many of its meme tokens are struggling. One standout, "aaa cat" (AAA), rose 31.8% in value. Aptos Updates: Aptos announced the addition of native USDT and plans for a 2024 DevCon event, aiming to strengthen community ties and foster development. Market Surge: Bitcoin soared past $70,000, with Dogecoin spiking in value while other meme coins struggled. Ethereum announced a major upgrade, which is anticipated to impact the broader Layer-1 ecosystem. Layer-1 Ecosystem Roundup Over the past week, most major Layer-1 networks experienced a decline in TVL, largely due to a cooling altcoin market. Among the top 10 Layer-1 blockchains by TVL, only two—Polygon and Hyperliquid—achieved positive TVL growth. Polygon’s TVL grew by 9.1%, while Hyperliquid saw a 4.1% increase. Meanwhile, Solana and Tron experienced TVL drops of 7.2% and 3.3%, respectively. Over the last month, however, nine out of ten Layer-1 chains have seen TVL growth, showing resilience despite recent short-term challenges. Ethereum still leads in both TVL and protocol count, maintaining a TVL higher than all other Layer-1s combined, even with a comparatively smaller number of active addresses. Notably, Avalanche and Binance Smart Chain exhibit high market cap to TVL ratios (mCap/TVL), with Solana at 13.06 and Binance Smart Chain at 18.48, compared to Ethereum’s 6.31. This ratio provides insight into the perceived value of each network in relation to the locked value within its ecosystem. Sui Chain Update Sui has managed to withstand recent market fluctuations relatively well. The $SUI token, in particular, has gained 7.7% over the last week, setting it apart from many other altcoins that saw declines. Currently, SUI is close to breaking into the top 20 cryptocurrencies by market capitalization, trailing just $15 million behind Polkadot (DOT) and LEO Token (LEO). While many Sui-related meme coins experienced losses, one exception was "aaa cat" (AAA), which posted a notable 31.8% gain. Other Sui ecosystem projects, including Cetus Protocol (CETUS) and NAVI Protocol (NAVX), also performed well, with weekly gains of 32.3% and 12.1%, respectively. Sui News Roundup This week brought several exciting developments within the Sui ecosystem: SpringSui Launch by SuiLend: SuiLend introduced SpringSui, a new framework aimed at enhancing liquid staking within the Sui blockchain. This initiative is designed to boost liquidity and create more yield opportunities within Sui's DeFi ecosystem. As of this report, SpringSui has exceeded $10 million in TVL, underscoring growing interest in Sui's staking solutions. Additional Updates: In addition to SpringSui, the Sui ecosystem has been expanding with new partnerships and integrations that are expected to drive further adoption. More DeFi projects are being built on Sui, leveraging its scalability and low transaction fees to attract users in both the DeFi and NFT sectors. With significant upgrades across multiple Layer-1 chains and ongoing developments in the Sui and Aptos ecosystems, the Layer-1 landscape remains dynamic. As Ethereum's upgrade rolls out, the competition among Layer-1 networks is set to intensify, making it a key area for investors and developers to watch closely.