📰 CRYPTO NEWS
Bad news for the Sui ecosystem: Suiet Wallet, one of the network’s self-custody wallets, announced that it will be shutting down soon, though its API services will remain active until November 14 to give users time to migrate. This isn’t an isolated case, but part of a broader trend of projects leaving the Sui ecosystem. To put things in context, TVL (total value locked) in Sui DeFi fell by more than 22% over the past month, reflecting a loss of confidence and liquidity in the network. If you’re a Suiet user, it’s time to move your funds to another Sui-compatible wallet as soon as possible. It’s worth asking: can an ecosystem recover when the very projects that support it start leaving one by one?
What do you think? Let me know in the comments 👇
Bad news for the Sui ecosystem: Suiet Wallet, one of the network’s self-custody wallets, announced that it will be shutting down soon, though its API services will remain active until November 14 to give users time to migrate. This isn’t an isolated case, but part of a broader trend of projects leaving the Sui ecosystem. To put things in context, TVL (total value locked) in Sui DeFi fell by more than 22% over the past month, reflecting a loss of confidence and liquidity in the network. If you’re a Suiet user, it’s time to move your funds to another Sui-compatible wallet as soon as possible. It’s worth asking: can an ecosystem recover when the very projects that support it start leaving one by one?
What do you think? Let me know in the comments 👇