Cetus Protocol / Tether
Long

CETUS Hack Giving Opportunities Within SUI

261
SUI SUI is one of the fastest growing L1 chains. Previously extreme intra SUI dominance within swapping volume by CETUSUSDT CETUS. This hack is a direct threat to the confidence of not just the application but the chain itself just like Ethereum was exposed during the MakerDAO hack.

Volume market wants to know their funds are secure to certain degree and predictable. Volume flow is more than fine with centralisation, esp with low barriers. Should the deposits be mostly secured and exploit fixed then it can bring confidence roaring back not just to CETUS but more importantly, SUI.

CETUS dominance within SUI is falling to rising applications. My favourite is Bluefin with its low barriers to account creation like google login. BLUEUSDT BLUE has rising dominance within SUI volume market.

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