jakiro
Author: spinach and spinach, web3caff reseach & amp; Researcher Source of the Institute of All Institute: X,@WZXZNL
Following the significant increase in the TVL and cross -chain activities of SUI last time, the surge in SUI has attracted widespread attention.Without doing too much research, we will briefly review the reason for the surge in SUI, and at the same time learn about some of the current SUI ecological projects that have attracted much attention.
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Move ecological spinach has never been studied before and has not paid attention, so I have never understood it, but since I wrote a few articles of the MOVE intelligent inscription, spinach found the advantage of the Move language, especially in the financial application scenario.Very powerful advantage, because it can realize the relief of asset ownership and smart contracts.
This is different from the Ethereum system. In the EVM system, if the smart contract has a security problem, the assets will follow the problem. If you use the MOVE language, you can avoid this situation. Even if the smart contract is safeThe problem is that your assets will not work (this depends on the design of the contract. If it is a pool, there is still a risk), in short, the MOVE language will be safer and more flexible than Solidity.
However, because the MOVE language is still relatively young, many people do not understand, and the developer’s ecology is not as good as Ethereum and solana. It has been tepid before. HoweverIt will also usher in an ecological explosion, especially in the field of finance, RWA, and DEPIN.
There are two main reasons for SUI’s recent surge:
1. 1.Hold by the Move Ecological ConferenceGenerally speaking, the probability of a public chain meeting will have a wave of “pull”. After all, you need to play chicken blood to be more motivated.
2.SUI ecological project has opened high subsidiesThis is also the main factor for the rapid growth of TVL and cross -chain activities.
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For example, in Navi ProtocolThe interest rates of the SUI and USDC have exceeded 20%. High amounts of subsidies have attracted a lot of funds to come to sacrifice wool, which also causes a large number of SUI to be locked in the agreement to eat interest.Give up.
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A wave of SUI has also attracted widespread market attention. At present, in addition to Cetus, which has been issued, Navi Protocol and Scallop Lend, which have not been issued, have become projects that everyone pays attention to.For these two projects, many people in the market have analyzed the design of the two projects, and according to TVL, scallop is called Dragon One, Navi is called Dragon Er, but in fact, it is analyzed from another angle.Some aspects will have more advantages.
1. TVL
We can see on Defillma that the current Scollop TVL is higher than Navi. Many people also judge which project is Longyi based on this, but as a judgment is too single.
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Evaluate a DEFI borrowing project and one indicator is the amount of borrowing (BORROW). If we calculate the money of borrowing, Navi TVL will become a dragon project in the SUI ecosystem, because the default view of Defillma is notCalculate the amount of funds re -deposited after borrowing.
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This logic is like you compare the two banks. Bank A’s deposit reserve is more, and the deposit reserve of Bank B is less than A.Currency “” is higher than Bank A, although there is no “credit derivative currency” in the field of DEFIBut simply, from the aspects of borrowing activities and scale, Navi is higher than scallop, and the profit of a Defi borrowing project is mainly from borrowing activities, so Navi is better in the real loan business.
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2. Rate rate
Another aspect is the expected and future demand of income. At present, we can find that the official website of these two projects can find that Navi is higher than scallop on the income of deposit subsidies and the TVL of each token.The yield of Navi in SUI and USDC/USDT is higher than Scallop 5%to 13%.
And SCALLOP does not currently support circulators, and Navi’s depository spread can allow users to obtain higher returns through circulating loan, such as Elimination SUI to eat 25.8%+4.2%of the income, and then use the SUI with 13.51%interest to continue saving in.And the local currency borrowed the risk of liquidation, so the yield of NAVI is now higher than that of Scallop.
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Regarding the future trend of SUI, the current situation that spinach knows is that this high subsidy will maintain one or two quarters of time, and because these two projects have spaced expected, it will bring a lot of TVL data. The data looks good.It is easy to hype, understand.If you want to brush some interaction and get air -drop, and do not want to risk SUI fluctuations, you can choose to brush the stable currency across to interact.
Navi Protocol website: https://app.naviprotocol.io/? CODE = 40457778083422208
Simply summarize,The outbreak of Sui mainly comes from the holding of the flywheel and the ecological conference of the lock wheels and the ecological conference caused by its high subsidy of its ecology.From the perspective of the MOVE ecosystem, SUI’s TVL is already higher than that of APTOS, but the market value is lower than APTOS, and the space has a lot of space in the future.Seeing Scallop is Longyi, but if you calculate the TVL and borrowing activity of the loan amount, Navi is more advantageous and more income.Technically, MOVE language has higher advantages in financial scenarios. Coupled with high -performance advantages, the RWA and DEPIN fields of Move ecology may also be worthy of attention.
