As Uptober draws to a close, Bitcoin is tantalizingly close to its all-time high, prompting investors to speculate about a potential BTC Christmas. Amidst this excitement, attention is shifting towards emerging blockchains like Solana and Sui, as altcoin season seems to be on the horizon. One project, Cutoshi, is garnering interest from those in search of smaller coins with significant upside potential, particularly following its recent listing on CoinMarketCap.
### Solana Introduces sUSD Stablecoin Amid Growing On-Chain Activity
Solana has launched a staking platform that recently introduced sUSD, a tokenized Real World Asset (RWA) stablecoin, on October 29th. In contrast to conventional stablecoins that are typically backed by fiat and closely linked to traditional financial systems, sUSD is designed to be user-owned.
“Most stablecoins are entirely dependent on traditional banking infrastructure, which strays from the fundamental promise of crypto that emphasizes individual freedom. To create the ultimate open internet platform, stablecoins should be decentralized and user-owned—an automated asset that only the user can create, destroy, or freeze.”
Nevertheless, sUSD still maintains ties to traditional finance as it is partially collateralized by a variety of low-risk assets, including U.S. Treasury bills and bonds issued by the U.S. Department of the Treasury. Still, this move represents a positive step forward, potentially enhancing liquidity on the chain and further propelling Solana’s initiatives in the meme coin sector, among others.
A standout success for Solana in 2024 has been its price growth and the rise of pump.fun, a user-friendly meme coin deployer, alongside popular Solana meme tokens like POPCAT, Dogwifhat, and MEW. The revenue generated by pump.fun continues to rise—partly due to the increase in Solana’s price—contributing to sustained network activity.
Looking ahead, VanEck’s recent collaboration with Kiln to provide staking rewards for their Solana ETF could signal further growth in Solana’s price, influence, and overall market presence.
### Sui’s Cross-Chain Bridge Fuels Gaming and DeFi Engagement
In an unexpected turn, the Telegram game ‘MemeFi’ has decided to launch its token on SUI, recognizing the platform’s pivot towards gaming. They emphasized the importance of partnering with an ecosystem that aligns with their innovative vision.
On October 26th, MemeFi shared, “With Sui’s extensive background and experience, it’s clear they’re focused on innovation, moving away from a corporate structure towards a vibrant, startup-friendly environment.”
Sui boasts low-cost, high-speed transactions with unlimited scalability, utilizing a Rust-based programming language. While Sui has recently captured significant attention, MemeFi noted that they saw its potential early, drawn by its advanced technology and opportunities for creating viral consumer applications.
The recent unveiling of SUI’s cross-chain bridge will streamline the process for users to move their assets in and out of the platform, likely increasing participation in DeFi and gaming, and driving continued positive price momentum. SUI is performing well across nearly all timeframes, showing an 8% increase weekly and a remarkable 332% rise over the year.
### Cutoshi Merges Meme Coin Charm with DeFi Ambitions
Similar to Solana and Sui, Cutoshi seeks to redefine the limits of what can be achieved in the crypto space. This project blends elements of both meme coins and decentralized finance, representing a burgeoning trend known as MemeFi. Cutoshi draws its inspiration from the Chinese Lucky Cat, a symbol believed to bring good fortune and prosperity.
Beyond its meme-inspired branding, Cutoshi’s foundation rests on the Cutoshi DEX, which features a cross-chain capability similar to Solana’s bridge, enhancing interoperability. The platform also includes a P2P section, empowering users to explore decentralized trading options that blockchain technology offers.
Additionally, Cutoshi plans to introduce staking and liquidity-providing features, as well as community farming and quest initiatives aimed at boosting network engagement and uniting its community.
A vital component of the MemeFi ecosystem is the Cutoshi Learning Academy, which aims to empower community members by equipping them with knowledge in DeFi, investing, and trading.
Currently in the second phase of its presale, Cutoshi has already sold about 75% of its tokens, indicating an imminent price increase. The CUTO token is presently priced at $0.022, offering a 46% gain for early investors from the first phase.
For further details on the Cutoshi (CUTO) presale, visit:
[https://cutoshi.com](https://cutoshi.com)
Join the community:
Tweets by CutoshiToken
[https://t.me/cutoshi](https://t.me/cutoshi)
### Tags:
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