Sui Basecamp Took Place on the 1st and 2nd of May in Dubai

After a successful first edition earlier this year, Sui took the stage again at Basecamp in Dubai. It brought together members of the fast-growing community. Moreover, it also unveiled new partnerships and integrations.

After a successful first edition earlier this year, Sui took the stage again at Basecamp in Dubai. It brought together members of the fast-growing community.

It’s no secret that the crypto climate has been heating up. But, in the past year, we’ve seen a shift in institutions’ interest toward blockchain technology.

Now, as Web3 continues to develop, it’s no surprise that the lines between TradFi and crypto are blurring.

At the same time, we’re seeing a rise in Bitcoin-related projects. BTCfi is already successful on Sui. During Q1, BTCfi did a 4x.

Seeing how quickly the DeFi protocols on different blockchains are developing, it’s no surprise that we’re also seeing new protocols enter the scene. For example, Suilend is the most successful DeFi protocol on Sui. It’s known for its lending and borrowing services. But, it also offers a swap, a Superfluid AMM with STEAMM, and LST’s (liquid staking tokens) with SpringSui.

However, it’s STEAMM that has now introduced a brand-new token launcher. Now, anybody can launch a token in the ecosystem. It’s easy to use with a no-code flow. You can also deploy liquidity easily. Since it’s integrated with Suilend, any idle liquidity is redeposited into Suilend. Thus, it earns extra APR.

Now, another interesting project is joining the party. Stacks is a layer 2 on Bitcoin. It’s also bringing its $sBTC to the DeFi ecosystem on Sui.

As you may know, you can already trade Bitcoin on Sui. This allows you to earn yield, trade, or lend your Bitcoin. During Q1, Bitcoin’s TVL in the DeFi ecosystem managed to surpass $200 million. Now, Stacks is part of Sui’s BTCfi space.

This is setting the stage for sBTC, which will soon launch on Sui.

Insiders know that the development of digital asset infrastructure is crucial, especially for institutions entering the blockchain environment. They are used to working with a different legal, technical, and economic framework.

To help them smoothly transition into the crypto sector and DeFi, Fireblocks will be lending a helping hand. They offer digital asset infrastructure for institutions. For example, they provide secure custody, which may not seem as appealing to crypto degens. We prefer to keep things in our own control with non-custodial wallets. But, for institutions, this works differently. They may prefer such services.

Now, Fireblocks is opening the gateways for institutions to enter the DeFi ecosystem on Sui. This will give them exposure to tokens like $SUI, which they can then use and trade within the legal and technical boundaries set by their internal policies.

Moreover, institutions can easily adjust their investment strategies in response to market changes. Fireblocks will manage and store these tokens for interested institutions.

21Shares is applying to the SEC to create a U.S.-listed ETF that will allow investors to trade SUI tokens.

To do so, they filed an S-1 registration statement for an ETF that will track the price of SUI tokens. It will also allow for the creation of up to 100 million shares of the ETF.

Insiders know that this is the first step, and they will follow this up with a 19b-4 form. Once the SEC approves both filings, the ETF is ready to go live.

This will give you exposure to $SUI through a registered broker. In other words, you don’t need to deal with buying and holding crypto assets, in this case, $SUI. Instead, the broker holds the $SUI tokens, and you buy shares in their ETF fund. A great way for institutions and retail to get $SUI exposure without the hassle of setting up wallets and seed phrases.

The team behind the SuiPlay0X1 handheld gaming device has plenty to celebrate. They sold out all 10,000 units of the gaming device through pre-orders.

During Basecamp, the first physical devices were on display, and they proved to be an instant hit with everyone at the event. Currently, selected beta testers are receiving the devices, while broader distribution will begin in September.

The team is also introducing the Game Dollar or G-dollar. This is a programmable stablecoin for gaming on Sui, including the SuiPlay device. You will be able to mint and trade this Game Dollar. This allows you to create dynamic, self-sustaining economies.

As you may know, we’ve seen a close collaboration between Solana and Sui. For example, with the Phantom and Backpack wallets. Now, another Solana