Sui Network Launches Project’s Mainnet
The mainnet of the first-level blockchain Sui Network was successfully launched yesterday by its developers. To accompany this, a new blockchain explorer, Sui Explorer, was also presented.
Binance listed the native SUI token and opened trading with it, which started at $1.7 and dropped to $1.3 fifteen minutes later.
Additionally, OKX, Bybit and KuCoin also announced their placement of the coin. On May 1, Binance added SUI support to the launchpad for BNB and TUSD holders in order to ensure the liquidity of tokens of new cryptocurrency projects.
According to Decrypt, users have already blocked over $4 billion for SUI farming, however due to pool overcrowding, on average, one dollar invested is equivalent to 0.016 SUI.
Binance will ultimately distribute 40M SUI, 80% of which will go to BNB stakeholders and the remaining 20% to TUSD holders.
