Key Points:
- Bluefin DEX launching BLUE token on December 11, with 17.15% airdrop.
- Protocol reached $35 billion trading volume with $35 million TVL.
- Airdrop targets Sui projects, NFT communities, and cross-chain collaborators.
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.
BLUE Token Launch Coming Tomorrow
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.
The airdrop distribution 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, xCETUS holders from early November are eligible for a portion of the BLUE token allocation.
Impressive Growth Since Migration
Bluefin has grown immensely since it migrated from Arbitrum to Sui in 2023. According to DefiLlama data, the protocol has amassed close to $35 billion in trading volume 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.
On 15 October, the exchange reportedly partnered with Pyth Network 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.
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