pSTAKE Finance is thrilled to announce that the $PSTAKE token is now listed for trading on the Sui network on the Cetus DEX, marking another significant milestone as the token enters new ecosystems.
By listing $PSTAKE on Cetus, pSTAKE Finance is opening new doors for traders, allowing them to enjoy fast transaction speeds with lower costs while exploring opportunities on the Sui L1.
The integration with Sui follows numerous additional integrations onto new networks, including Base, Ethereum, Blast, and Optimism.
$PSTAKE holders can now bridge $PSTAKE from Ethereum to Sui using Wormhole through Portal Bridge and start trading throughout the Sui ecosystem through Cetus.
Let’s examine why pSTAKE Finance is expanding into Sui and why we’re excited to be listed on Cetus.
$PSTAKE is Live On Sui: The Fastest-Growing L1
pSTAKE is on a mission to build liquidity across multiple top-tier blockchains, and the Sui Network has proven capable of entering the conversation of being one of the best. We chose Sui Network for integration due to its robust infrastructure, growing user base, and alignment with our vision of expanding accessibility and liquidity in the cryptocurrency market.
Sui is a newly emerging Layer 1 blockchain designed to deliver the benefits of Web3 with the user-friendly ease of Web2. The project is spearheaded by the team that led Meta’s Diem crypto project, causing a wave of immense hype for the blockchain during its launch. The mainnet went live in May 2023 and quickly became a top-10 DeFi blockchain in less than a year.
The platform has seen parabolic growth in recent months, with the TVL crossing $1 billion in early October, setting a new all-time high with a growth rate beyond 450% for 2024;
Sui is a horizontally scalable layer-one chain that aims to bring high-speed transactions at low costs. The mission statement behind layer one is to deliver the benefits of Web3 with the ease of Web2.
Considering its immense growth, it’s clear that Sui is here to build for the future as it seeks to deliver on Web3 promises that can rival the speed, scalability, and security of its Web3 predecessor. As a result, $PSTAKE is excited to join the Sui ecosystem as it continues building liquidity on new chains.
$PSTAKE Now Live on Cetus
With $PSTAKE now on Sui, we’re excited to announce that the token can be traded on Cetus, a rapidly rising DEX on Sui.
A PSTAKE/SUI pool is officially live on Cetus, allowing users to trade between the tokens or add their liquidity on the DEX.
Why Cetus?
Cetus is a MOVE-based liquidity protocol that allows users to swap, earn, and build on multiple networks.
Backed by OKX Ventures, KuCoin Ventures, and Sui, Cetus is quickly growing in terms of TVL and trading volume. The DEX facilitated an astonishing $3 billion in trading volume during October 2024 and currently has $179 million in TVL:
The PSTAKE token should see multiple benefits from being introduced to the Sui network, including the following:
- Increased Liquidity
- Further Distribution
- More Accessibility
- Additional Trading Activities
By bringing PSTAKE to an exponentially growing network, pSTAKE will be introduced to a wide range of new savvy traders who can easily trade into PSTAKE with ultra-low fees. As a result, PSTAKE will experience enhanced visibility and easier accessibility, allowing the token to reach a new audience base.
With PSTAKE live on Sui, users can seamlessly transfer their PSTAKE tokens to Sui Chain through Portal Bridge, opening up new trading opportunities and expanding their investment options. To learn how to bridge $PSTAKE from Ethereum to Sui, follow this guide.
About pSTAKE Finance
pSTAKE Finance is a Bitcoin Yield and Liquid Staking protocol, backed by Binance Labs.
With pSTAKE Finance, users can liquid stake BTC to get rewards from Babylon’s Trustless BTC staking for securing other app chains while maintaining their liquidity.
Accessing Bitcoin yields should not be complex, risky, or unsafe. With four years of liquid staking expertise and expert-curated yield strategies, pSTAKE Finance helps individuals and institutions put their BTC to work in BTCfi.
pSTAKE Finance has partnered with leading blockchain security firms, such as Halborn, Hexens, Oak Security, Immunefi, Forta, and more, to offer a secure liquid staking product suite.
PSTAKE is the governance and incentivization token of the pSTAKE Finance protocol. It has some of the most prominent investors, including Binance Labs, DeFiance Capital, Spartan Group, Coinbase Ventures, and Kraken Ventures.
