Sui Name Service (SuiNS) is a decentralized naming system built on the Sui blockchain, offering users an easy and accessible way to create human-readable names for their wallet addresses, decentralized applications (dApps), smart contracts, and more. This service provides a foundational layer of Web3 infrastructure, aimed at enhancing the user experience by simplifying complex blockchain interactions. Instead of managing long, cryptographic addresses, users can utilize personalized domain-like names that are easier to remember, share, and utilize in transactions.
SuiNS Token Price Analysis
As of December 3 2024 SuiNS Token has a marketcap of $42M.
This is {{percentagefromath}} from its all time high of $0.533613.
In terms of its tokenomics, there's a total supply of 500M with 31% currently outstanding.
Keep in mind SuiNS Token has a fully diluted value of $134M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
