SUI (SUI)

was so busy today celebrating valentine’s day that i didn’t realise $SUI touched $1 again https://t.co/76nRszy24u

suiUSDe officially listed on the Sui ecosystem, and the accompanying ecosystem activities have arrived: Astros' trading competition and fee‑free event are now live. The perp fees from January for active traders have already been refunded, and February still enjoys fee‑free trading plus double points. Liquidity has greatly improved, and recently the daily volume just surpassed $100 million https://t.co/XphgjbfSdw

Ngl the best stand alone builder on Sui rn has to be @funkii. No raise, no mints just back to back shipping. Thanks to @josemvcerqueira as well for the regular support, absolute chad he is. Need markets to recover and send @manifestsui properly.

Big week for @SuiNetwork builders: 1. @walrusprotocol is now storing 30TB of Sui's full checkpoint history 2. Sui launched a $500K incentive program for DeFi teams Here's what shipped ↓ https://t.co/fBb5ZPTJ7P

Second: Sui launched the DeFi Moonshots Program. Rolling applications. Roughly 10 teams are selected per year. Up to $500K in incentives plus engineering support. The bar is high. They're looking for protocols that create new categories. https://t.co/ZwbAvbKRcn

First: The Walrus archival system. Sui's full checkpoint history, 30TB of it, is now stored on Walrus. Anyone can access it, verify it's correct, and it costs ~15-18K WAL with automatic backup redundancy across the decentralized storage network. https://t.co/9ZuQfUW5oI https://t.co/JV2hgZX32i

Regarding @nexaxyz, let's see things from both sides. Businesses have operational costs; salaries for devs, interns, etc, paid from revenue, which is why most web3 companies market and farm users aggressively. For established chains and ecosystems, it's easier: they have users, VCs investing, and big players using their protocols for revenue. In Nexa's case, they're in an ecosystem with barely any users, almost no liquidity (worsened by the bear market), and most Sui protocols surviving on incentives, not operational revenue. Call it what you will, but Nexa did their best to survive yet it didn't work, as they weren't making enough to keep operations running. That you farmed them doesn't mean they should borrow money just to airdrop you. It's real ignorance and stupidity, if we're honest, to expect airdrops from every project you use, when you weren't forced or coerced into using them. There's a reason you're asked to do due diligence before buying or farming anything. You knew other platforms had better fees than Nexa, but still used them (it honestly doesn't make sense how people used Nexa with those ridiculous fees and expected airdrops when there was no raise whatsoever). Reality is Sui as an ecosystem is very immature ( low liquidity and user, almost no institutional players either compared to Eth and Solana not to mention lack of VC pipelines), so expecting a protocol to hand out airdrops just based on fees they generated from a handful of users is inconsiderate. Nexa isn’t the only one to have shutdown or left the ecosystem and they certainly won’t be the last. Until our ecosystem matures, it’s best you farm selectively, look at protocols runway, analyze their fee model, check funding history and backers etc before you get to farming them. In simpler terms, you have no one to blame for your losses on Nexa but yourself. Suck it up, move on, and now know better than to farm just anything for airdrops. Crying won't change that businesses have costs, and with scarce users, liquidity, and tough market conditions in our ecosystem, you should know better than to "farm" these protocols.