We’ve tried to warn you concerning the potential for Sui crypto for months now, and we hope you listened—as a result of the SUI value is hitting new all-time highs nearly day by day!
Sui
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goals to outshine Solana as a number one L1 venture; it even grabbed the highlight in our 99Bitcoins portfolio reveal video. At the moment, in our new 99Bitcoin 2-minute review, we’ll clarify what Sui is and the right way to purchase it in two minutes.
Is Sui Crypto the Finest Solana Killer?
Sui is a brand new platform for constructing decentralized functions much like Ethereum or Solana. It’s additionally a part of this new wave of what we’re calling “Solana killers”, particularly amid excessive octane SUI value development in 2024.
It’s because Sui flaunts a theoretical ceiling of 297,000 transactions per second, dwarfing Solana’s 65,000 TPS benchmark.
Sui
@babylonlabs_io
@Lombard_Finance
With our powers mixed, we’re bringing Bitcoin liquidity to the Sui ecosystem.
That’s proper, Bitcoin holders – you’ll quickly be capable to stake your BTC and obtain $LBTC natively minted on Sui.
— Sui (@SuiNetwork) November 25, 2024
Sui can also be rising as a fertile floor for DePIN initiatives (or decentralized bodily infrastructure networks). Watch our interview with the CEO of Chirp Wireless to study extra about DePIN.
If you wish to purchase Sui on the time of this video, sadly, you can’t achieve this on Coinbase – however there are simple methods to stack essentially the most promising layer-1.
Find out how to Purchase Sui in 2 Minutes
What you’ll need to do is purchase Solana on Coinbase and ship it to your Phantom Wallet browser extension
For those who don’t have Phantom but, arrange an account as a result of it’s easy, and this SOL-based community has a lot decrease charges than Ethereum.
Subsequent, you’ll need to arrange a Sui wallet so that you’ll be able to obtain your Sui tokens.
From there, Google Search “Wormhole portal bridge” and click on on the highest hyperlink. For those who’re at this step, join your Phantom Pockets to the highest a part of the transaction and your Sui Pockets to the underside portion. IMPORTANT: Your Sui pockets reveals up as wrapped SOL tokens, which is simply Solana on the Sui community.
For those who’ve bought all that setup, you’ll need to swap your Solana tokens for wrapped SOL, which can present up in your Sui pockets after you settle for the transaction. Bought it? Cool
It is best to verify your Sui pockets after the transaction is full. Then, you’ll be able to freely swap that wrapped SOL for actual SUI tokens.
Congrats! You now personal Sui.
Now you can stake your Sui tokens, use them in SUI’s DeFi ecosystem, or maintain them. Nicely, that’s all we have now for now. Get pleasure from your new Sui tokens, and make sure you subscribe to the 99Bitcoins YouTube channel for extra academic guides.
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