# Sui Network Rises to the Top: Turbos Finance Dominates with Innovative CLMM Model
As the decentralized finance (DeFi) ecosystem rapidly expands, blockchain networks and their associated protocols are innovating to enhance their competitive edge. Sui, a rapidly growing blockchain network, is significantly expanding its market share. Turbos Finance, built on the Sui network, has garnered attention for pioneering features such as the Concentrated Liquidity Market Maker (CLMM) model. This article delves into the growth of the Sui ecosystem and highlights the key features of Turbos Finance.
# Sui: The Fastest Growing Network of Late 2024
Sui has emerged as the fastest-growing blockchain in the latter half of 2024. Ranking ninth in Total Value Locked (TVL) among all chains and first among Move language-based chains, Sui’s coin price has skyrocketed from approximately $0.80 at the beginning of the year to $5, marking a more than sixfold increase. The influx of capital is attributed to Sui’s rapid transaction speeds and high scalability.
# Enhancing DeFi Usability with Native USDC and CCTP Support
Another strength of Sui is its recent support for native USDC and the Cross-Chain Transfer Protocol (CCTP). Previously, transferring stablecoins to the Sui network from centralized exchanges was cumbersome. However, with Circle’s official CCTP bridge, users can now move USDC between Ethereum, Solana, and Layer 2 EVM chains at minimal fees. Recently, Sui also began supporting USDT bridging from the Ethereum network, simplifying the staking of stable assets and generating DeFi yields.
Sui’s capabilities—high transaction speed, scalability, and stablecoin support—have led to the emergence of numerous protocols on its network. Turbos Finance has capitalized on these advantages to establish itself as the leading decentralized exchange (DEX) on the Sui network.
# Maximizing Capital Efficiency with the CLMM Model
Turbos Finance, leveraging the strengths of the Sui network, offers a DEX based on the CLMM model. Traditional Automated Market Maker (AMM) models, like Uniswap V2, distribute liquidity across a wide price range, often resulting in capital inefficiency. In contrast, the CLMM model concentrates liquidity within specific price ranges, significantly enhancing capital efficiency.
In the CLMM model, liquidity providers (LPs) concentrate their assets within designated price ranges, reducing unused collateral and minimizing slippage during trades. This approach also lowers the risk of partial losses due to impermanent loss if prices remain within specified ranges, allowing LPs to manage assets more securely. While there is a risk of asset imbalance due to market volatility, this can be mitigated by adjusting the designated price ranges. Turbos Finance offers LPs high yields and flexible strategic operation opportunities through its CLMM model.
Turbos Finance’s CLMM DEX has achieved remarkable performance, with over $4.2 billion in cumulative trading volume, more than 1.5 million total trading accounts, $20 million in TVL, and an all-time high monthly trading volume of $625 million. Investors prioritizing stability should focus on stablecoin pairs like USDT/USDC and USDT/wUSDC, which guarantee no impermanent loss and offer LPs APRs of approximately 25-40% through SUI LP incentives.
# Automated Rebalance Vault for Risk Management and Liquidity Maximization
Turbos Finance’s Automated Rebalance Vault is designed to automatically adjust liquidity provisioning in response to market fluctuations, minimizing frequent rebalancing costs. This feature enhances security through individual vault structures and allows for flexible management tailored to each investor’s strategy, including risk tolerance and rebalancing frequency.
# Turbos.fun: A Platform for Easy Project Launches
Turbos Finance’s Turbos.fun supports the creation and community engagement of various projects, including meme coins. Users can upload project logos and information, set LP handling methods, and launch their tokens. The platform ensures fair distribution via bonding curves and waives creator fees for the first four weeks, allowing creators to earn fees generated from DEX liquidity placement.
To date, Turbos.fun has facilitated the launch of around 20 projects passing through the bonding curve and supported over 1,000 projects. Partnering with Gate.io, the platform offers select projects the opportunity to be listed on the exchange post-launch.
# Turbos Launchpad: Strengthening IDO Fairness and Investor Security
Turbos Finance’s Launchpad adopts a zero-fee policy to help promising projects within the Sui ecosystem raise funds through initial decentralized offerings (IDOs). Implementing an Anti-Rug-Pull feature prevents projects from absconding with raised funds, protecting investors. The Launchpad’s Over-Subscription model refunds excess staked funds after IDO participation, ensuring fair access and efficient fund utilization.
To date, the Launchpad has supported six projects, five of which have launched successfully, drawing significant interest with AI and DeSci (decentralized science) themes. Projects like Sensient AI (SETAI) and Sui DeSci Agent (DESCI) saw token prices increase 3-5 times post-token generation event (TGE).
# Turbos Finance: The Premier Platform for Sui Network Utilization
Sui Network’s rapid speeds and stablecoin support provide an approachable infrastructure for DeFi users, enhanced by Turbos Finance’s efficient DeFi structure. The successful launchpad, thousands of meme coins created via Turbos.fun, and the user-friendly DEX trading environment position Turbos Finance as the optimal, comprehensive platform for retail users on the Sui network.
Established in June 2022 and collaborating with partners like Mysten Labs and Jump Crypto, Turbos Finance stands as an original project integral to Sui’s ecosystem. As Sui enters its prime, the continuing development of Turbos Finance warrants close observation for future growth and innovation.
