The fast and secure multi-crypto wallet Trust Wallet has joined forces with blockchain platform Sui Network.
The SUI network's native token had a daily trading volume of $1.6 billion and a market capitalisation of $723 million. There are currently $528 million SUI tokens in circulation and a total of 10 billion coins have been issued.
The asset's highest exchange rate in the first minutes of listing on Binance was $2.16, but it then fell 37% to $1.38. Despite this drop after the launch, those who took part in the offering still made a profit, as the token was trading at between $0.03 and $0.1 before listing - a potential profit of more than 200%.
Most of SUI's trading activity is through Binance (50%), followed by Bybit (12%), okx (11%) and KuCoin (7%).
In November 2022, the Mysten Labs startup team launched the first Wave 1st testnet. The Sui Network, which was announced as permanent in March 2023, continues to operate even after the deployment of the protocol. The Sui Foundation noted that half of the allocated tokens will be used to further develop the project after the mainnet is launched.
