Sui Foundation has announced its new application, DeepBook, which will expand the DeFi ecosystem. Accordingly, developers will be able to use DeepBook as a DeFi tool for decentralized applications. With this new development, the foundation aims to make transactions transparent and scalable.
Greg Siourounis of the Sui Foundation, which also aims to integrate DeFi projects on other networks with its DeepBook tool, has centralized exchanges (CEX) stated that they can reduce their addiction in this way. The recent issue of trust against centralized exchanges and the news of successive lawsuits, Web3 projects it also seems to have pushed it more towards the decentralized side.
The Sui ecosystem was intended to grow rapidly after its launch, becoming a major competitor for other tier 1 projects. Recently, stablecoin studies on the blockchain network have accelerated. Many developers are also working on alternative projects on the Sui network.
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