CryptoCointelegraph36 minutes ago
Suiet Wallet Shuts Down Nov 14
3 min read
Cryptocurrency wallet Suiet shuts down on Nov. 14, joining Suiball and Phantom in leaving the Sui ecosystem. Sui's DeFi total value locked fell 22% to $413 million, while daily active users dropped 79% to 128,000 in October. Former CTO Kadan Stadelmann attributes the exits to expensive engineering costs and low user volume rather than protocol failures.
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