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Cetus is the largest DEX on the Sui chain, Cetus Protocol, which quietly increased by 17% today.
This project was hacked in May last year, losing over $200 million, and many thought it was dead.
However, the team fully compensated users, the Sui Foundation stepped in to assist, and after the protocol was restarted, it quickly regained a top ten spot in global DEX trading volume.
Currently, the price has more than doubled from the February low of 0.0142, now above 0.030, with nearly 15 times room to reach the 2024 high of 0.49.
The Sui ecosystem continues to expand this year, and Cetus is the most core liquidity infrastructure on this chain. A healthy ecosystem means good prospects.
In the short term, it has already entered overbought territory. If chasing the high, caution is advised. Waiting for a pullback near the moving averages for a better entry is a more rational choice.
Fan group of Mr. Fang on TG 👉：