Welcome to Sui, where the blockchain is fast, the fees are low, and the opportunities are abundant.
Whether you're itching to trade perpetual futures on Bluefin, lend and borrow on Suilend, or liquid stake with Haedal, Sui has something for everyone. And with Phantom, getting started on Sui is a breeze. So let’s dive in.
Bluefin: Spot and perpetual futures trading
Launched in 2023, Bluefin has rapidly gained prominence in the Sui ecosystem.
The app has two core offerings: (1) a high-performance derivatives exchange and (2) a globally accessible spot trading exchange, both designed to cater to diverse trading needs.
Bluefin's decision to build on the Sui blockchain stems from the network's unique consensus mechanism and scalable architecture, which ensure rapid transactions and low latency—enabling the app to deliver a trading experience comparable to traditional financial platforms.
Apart from that, security is paramount for Bluefin. The app employs a holistic approach that includes smart contract audits, real-time threat monitoring, and a robust risk engine—ensuring a safe trading environment for users at all times.
Bluefin also utilizes a native utility token, BLUE, that serves multiple purposes, including governance, staking, and rewards for users and contributors.
Suilend: Lending and borrowing
Suilend is the lending and borrowing app on Sui.
The app was launched in 2024 by the same team behind Save (formerly known as Solend), a prominent lending and borrowing app on Solana. The strategic move to build on Sui underscores the team's confidence in the network's developer-friendly environment, aligning with its mission to innovate in the decentralized finance (DeFi) space.
In late 2024, Suilend introduced its native token: SEND. SEND holders play a crucial role by participating in governance decisions through the Suilend DAO—aligning incentives between its app and community.
By prioritizing both innovation and community, Suilend continues to lay a strong foundation for delivering scalable, user-friendly finance solutions on Sui.
Haedal: Liquid staking
Haedal is a liquid staking app that has experienced significant growth and is currently positioned as the fourth-largest DeFi protocol on the Sui network.
The app enables users to stake their SUI tokens while maintaining liquidity through a liquid staking token, haSUI. The liquid staking tokens can be utilized in various DeFi apps on Sui, all while accruing staking rewards. Consequently, Haedal's approach contributes to the decentralization and security of the Sui network, aligning perfectly with the ethos of the wider blockchain community.
In January 2025, Haedal secured seed funding from prominent investors, including Hashed and OKX Ventures, to further develop its product suite—highlighting the apps's commitment to the Sui ecosystem.
Dive into DeFi with Sui and Phantom
With Bluefin, Suilend, and Haedal, Sui DeFi is quickly becoming one of the most exciting ecosystems to watch. If you're looking to explore these and other DeFi apps on Sui, here's how you can easily get started using Phantom:
How to get started:
- Download and set up a Phantom wallet
- Log in to your Phantom wallet
- Make sure you’re holding SUI to cover transaction fees
- If not, you can easily buy SUI from your Phantom wallet
- Go to the DeFi app you’d like to explore
- Connect your Phantom wallet
That’s it. Enjoy exploring the Sui DeFi ecosystem!
Disclaimer: This guide is strictly for educational purposes only and doesn’t constitute financial or legal advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
