In a recent tweet from BSCNews, the spotlight shines on promising early-stage projects built natively on the Sui Network. Sui, a high-performance layer-1 blockchain known for its blazing-fast transaction speeds and low fees, is gaining traction in the crypto world. While the focus is on DeFi (decentralized finance) platforms, these projects open exciting doors for meme token creators and traders. Let's dive into what makes them worth watching and how they could amplify the meme token scene on Sui.

Why Sui Network Matters for Meme Tokens

Sui stands out with its object-centric data model and parallel processing, allowing it to handle up to 297,000 transactions per second (TPS). This scalability is a game-changer for meme tokens, which often thrive on viral hype and rapid trading. Unlike congested networks, Sui keeps gas fees under $0.01, making it affordable for retail users to jump in on the next big meme pump. With over 1.7 million daily active addresses earlier this year, the ecosystem is buzzing—and these projects could fuel even more meme-driven activity.

The BSC News article highlighted in the tweet lists four standout protocols: DeepBook, NAVI Protocol, Scallop, and Bucket Protocol. Each leverages Sui's strengths to offer efficient tools that indirectly support meme ecosystems by improving liquidity, lending, and trading.

DeepBook: The Liquidity Engine for Meme Trades

DeepBook acts as an on-chain central limit order book (CLOB), essentially a decentralized matching system for buyers and sellers. Think of it as a supercharged DEX (decentralized exchange) that ensures deep liquidity for trading assets.

What sets it apart? It has already processed over $12 billion in trading volume and served 10 million users, with a total value locked (TVL) of $17 million. Its native DEEP token, currently around $0.13 with a $480 million market cap, benefits from fee burns that could drive value up. The recent version 3 upgrade in October 2024 improved liquidity pooling, making it ideal for complex trading strategies.

For meme tokens: Imagine launching a viral meme on Sui and having instant, low-latency trades without slippage issues. DeepBook's integration with native stablecoins like USDC means smoother on-ramps for meme hype cycles, potentially rivaling Solana's meme trading frenzy.

NAVI Protocol: Versatile Lending for Meme Holders

NAVI is a one-stop lending platform that also includes liquid staking and token swaps. No need for KYC—just connect your Sui wallet and start earning yields or borrowing against your assets.

Boasting a massive $812 million TVL, NAVI excels in yield generation through lending and borrowing. It capitalizes on Sui's parallel processing for seamless, low-cost operations, making it user-friendly for beginners and pros alike.

Meme token angle: Holders could stake their memes or use them as collateral to borrow stablecoins, amplifying gains during pumps. This composability turns volatile memes into productive assets, attracting more liquidity to Sui-based meme projects.

Scallop: High-Yield Lending with a Twist

Scallop focuses on lending and borrowing with added perks like liquid staking and composable tokens. It offers APYs (annual percentage yields) of 10-15% on deposits, while borrowers enjoy low fees.

Ranking in the top five Sui lending protocols, Scallop thrives in Sui's low-cost environment. Its object-oriented design enables innovative products that stack with other DeFi tools.

How it boosts memes: Meme creators could use Scallop to offer staking rewards, turning simple tokens into yield-bearing assets. For traders, borrowing against meme holdings during market dips could mean more leverage without selling off.

Bucket Protocol: Stablecoin Powerhouse for Secure Borrowing

Bucket specializes in collateralized debt positions (CDPs), where you lock up assets to borrow the $BUCK stablecoin. It supports various collaterals and integrates multiple stablecoins like USDC and AUSD.

With fixed low costs and efficient transactions, Bucket is tailored for stable borrowing in a scalable ecosystem.

Relevance to memes: In a meme token bull run, users could collateralize hyped Sui memes to borrow stables, funding more buys or hedging risks. This stability layer could make Sui a go-to chain for meme launches seeking reliable liquidity.

Community Buzz and Bullish Outlook

The tweet sparked replies from users bullish on Sui's infrastructure, with some emphasizing bets on core tools like RPCs and relayers over just DEXs. As Sui's TVL tops $2 billion, these projects position the network to challenge giants like Solana in meme dominance.

If you're into meme tokens, keep an eye on how these DeFi building blocks evolve—they could be the infrastructure that launches the next wave of Sui memes. Which one are you most excited about? Share your thoughts and stay tuned for more updates on meme-insider.com.