BLUE

Bluefin

Read

<p><strong>Key Points:</strong></p>  
<ul class="wp-block-list">
 <li><em>Bluefin DEX launching BLUE token on December 11, with 17.15% airdrop.</em></li>  
 <li><em>Protocol reached $35 billion trading volume with $35 million TVL.</em></li>  
 <li><em>Airdrop targets Sui projects, NFT communities, and cross-chain collaborators.</em></li> 
</ul>  
<h5 class="wp-block-heading"><strong>Bluefin DEX on Sui will launch the BLUE token on Dec 11, 2024, airdropping 17.15% to communities. Eligible users include Sui projects, NFT communities, and xCETUS holders.</strong></h5>  
<figure class="wp-block-image aligncenter size-full"><a href="https://coincu.com/wp-content/uploads/2024/12/image-127.jpg" rel="noopener noreferrer nofollow"></a>
 <figcaption class="wp-element-caption">
 </figcaption>
</figure>  
<h2 class="wp-block-heading" id="strong-blue-token-launch-coming-tomorrow-strong"><strong>BLUE Token Launch Coming Tomorrow</strong></h2>  
<p>Bluefin, a decentralized perpetual exchange on the Sui ecosystem, announced the launch of the BLUE token on December 11, 2024. The protocol plans to airdrop 17.15% of the total token supply to various communities.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/bluefinapp/status/1866389121666539826
 </div>
</figure>  
<p>The <a href="https://x.com/bluefinapp/status/1862158399691239597" data-type="link" data-id="https://x.com/bluefinapp/status/1862158399691239597" rel="noopener noreferrer nofollow">airdrop distribution</a> includes existing Bluefin participants, long-term community members, and multiple ecosystem partners. Eligible users span across Sui ecosystem projects (Suilend, Bucket, Hop), NFT communities (Pudgy Penguins, MadLads, Azuki), and collaborative communities on Solana and EVM chains. Notably, <a href="https://x.com/CetusProtocol/status/1862336450601394576" data-type="link" data-id="https://x.com/CetusProtocol/status/1862336450601394576" rel="noopener noreferrer nofollow">xCETUS holders</a> from early November are eligible for a portion of the BLUE token allocation.</p>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/image-126-23.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/image-126-23-1024x889.jpg" alt="BLUE Token Launches Tomorrow with 17.15% Airdrop Surprise" class="wp-image-296232"></a>
 <figcaption class="wp-element-caption">
  BLUE Allocation: Bluefin
 </figcaption>
</figure>  
<p class="has-background" style="background-color:#222222">Read more: <a href="https://coincu.com/295453-phantom-wallet-integrates-sui-blockchain/" data-type="link" data-id="https://coincu.com/295453-phantom-wallet-integrates-sui-blockchain/" rel="noopener noreferrer nofollow">Phantom Wallet Integrates Sui Blockchain for Enhanced Performance</a></p>  
<h2 class="wp-block-heading" id="strong-impressive-growth-since-migration-strong"><strong>Impressive Growth Since Migration</strong></h2>  
<p>Bluefin has grown immensely since it migrated from Arbitrum to Sui in 2023. According to DefiLlama data, the protocol has amassed close to <a href="https://defillama.com/protocol/bluefin?volume=true&amp;groupBy=cumulative#derivatives-volume" data-type="link" data-id="https://defillama.com/protocol/bluefin?volume=true&amp;groupBy=cumulative#derivatives-volume" rel="noopener noreferrer nofollow">$35 billion in trading volume</a> and sustains a Total Value Locked of more than $35 million. Being a Perpetual DEX, Bluefin aims to offer rapid transactions with low fees in the Sui network.</p>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/image-126.png" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/image-126-1024x475.png" alt="BLUE Token Launches Tomorrow with 17.15% Airdrop Surprise" class="wp-image-296234"></a>
 <figcaption class="wp-element-caption">
  Screenshot:&nbsp;DefiLlama
 </figcaption>
</figure>  
<p>On 15 October, the exchange reportedly partnered with <a href="https://x.com/bluefinapp/status/1845833391180034314" data-type="link" data-id="https://x.com/bluefinapp/status/1845833391180034314" rel="noopener noreferrer nofollow">Pyth Network</a> to distribute 500,000 PYTH tokens as rewards. Snapshots were taken on July 16 and October 7, with users receiving between 20 and 2,000 PYTH tokens based on their level. The rewards were distributed to Sui wallets in the form of wPYTH.</p>  
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color has-fixed-layout">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow">&nbsp;this website</a>&nbsp;is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure>     <a href="https://coincu.com/?p=296230" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

BLUE Token Launches Tomorrow with 17.15% Airdrop Surprise

Table of Contents

Coincu

Other articles published on Dec 10, 2024

Analysts Are Betting Big on Dogecoin, Dogwifhat and LNEX Going Into 2025

Bullish signs everywhere: 3 Solana coins ready for 100x gains in the next quarter

Google revealed quantum computing chip. Is Bitcoin threatened?

Can KOMA Coin Sustain Its Rapid Rise?

SHIB News: Shiba Inu Price Gains Momentum with Shibarium Surpassing 2 Million Wallets

🔥Moe’s Rager — 2 Months, 1M $MNT, Let’s F***ing Rage

Join our free newsletter for daily crypto updates!