what's bluefin?
Bluefin is a decentralized financial ecosystem and high-performance trading protocol built on the Sui Network, specializing in perpetual futures, spot trading, and lending services. It aims to provide a powerful, non-custodial exchange with low latency, deep liquidity, and advanced features like dual-margining for capital efficiency. Backed by investors such as Polychain Capital, Susquehanna International Group, and Brevan Howard Digital, Bluefin has achieved significant milestones including over $78 billion in all-time trading volume and more than $220 million in deposits. The platform integrates with Sui's infrastructure to enable seamless on-chain trading, governance through its native token, and ecosystem growth via products like Bluefin Pro and Bluefin Spot. It emphasizes security, speed, and decentralization to democratize access to financial markets.
Bluefin launched auto-rebalancer analytics for LPs on Spot, providing liquidity visibility with AlphaFiSUI.
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Launched auto-rebalancer analytics feature on Bluefin Spot, providing LPs with built-in analytics for liquidity provision visibility and estimates, developed in collaboration with AlphaFiSUI.
Bluefin reaches $62B in perpetual trading volume milestone.
Bluefin launches rcUSD Vault in partnership with R25Official and Ember Protocol, introducing the platform's first Real World Asset (RWA) yield product.
Mobile apps launching soon on Apple App Store and Google Play, expanding platform accessibility to mobile users.
Integration with xBTC enables borrowing, liquidity provision, leverage, and farming opportunities on the platform.
LayerZero Wrapped BTC (WBTC) launches on Bluefin Spot with LayerZero integration for bridging and swapping. Liquidity provision opportunities for WBTC pools now available.
Beep Labs launches Agent Trader powered by Bluefin, featuring five autonomous AI traders competing in a live perpetuals trading arena with fixed capital in Season One Grand Prix experiment.
Launches Everything Vaults product powered by Ember Protocol, offering earning opportunities with USDC, BTC, and SUI.
$BLUE token now listed and available for trading on Kraken exchange.
Live event scheduled for Nov 20 featuring bluefin alongside other Sui perpetuals platforms including AftermathFi, Zofai, Astros, and FlowX Finance.
New stablecoin vault requires minimum 200,000 eBLUE for access and offers over 50% APY on stablecoin deposits.
Rewards boosted for DMC token on Bluefin Spot and Lend with 5,775,000 DMC total rewards over 14 days (350,000 daily for lending, 62,500 daily for LP).
Lending agreement with SUI Group specifies 2M $SUI tokens for 5% revenue share.
Announces strategic partnership and lending agreement with NASDAQ-listed SUI Group (SUIG) to accelerate institutional adoption of on-chain trading and structured products.
Current market cap is $17M, and the project generates the most revenue on the SUI network. (ID: 1987532181749842054)
No direct exposure to stablecoin depegging affecting DeFi ecosystem, user funds remain secure across all products.
One-month buyback milestone shows 4,092,154.24 BLUE purchased using $294,950.75, accounting for 1.24% of circulating supply.
BTC strategy vault launches earning over 15% APR, powered by partnerships with MEV Capital and Ember Protocol, featuring transparent real-time vault metrics including APY tracking, TVL, and user earnings data.
Bluefin records $3.6B in perpetual trading volume this month.
Treasury purchases 2,723,086.49 BLUE tokens using $220,615.75 (0.828% of circulating supply), representing a 160% increase from the previous treasury update.
Zap-Out feature launches for liquidity pool page, enabling single-token withdrawals from LP positions.
Bluefin adds support for Elixir's deUSD stablecoin as part of cross-chain stablecoin infrastructure expansion on Sui.
Dollar-cost averaging (DCA) feature launches on Bluefin Spot platform.
Perpetual trading volume has more than doubled in the past 6 months.
Bluefin becomes the first Sui application available to institutional clients through WalletConnect and Fireblocks integration, enabling institutional access to the platform.
Treasury purchases 1,047,102.87 BLUE tokens for $105,109.75 between October 1-11, representing 0.317% of circulating supply.
Trading challenge launches on Galxe platform offering $10,000 prize pool for quest completion.
Total Value Locked reaches all-time high of $241M, indicating significant capital inflow and protocol growth.
Buyback program officially commenced with daily purchases of $10-11k BLUE, accompanied by launch of dedicated buyback dashboard at current $37M market cap.
Platform announces plans for multiple upcoming asset listings on Bluefin Pro in response to community feedback.
Platform achieves $78B+ in cumulative perpetual trading volume milestone.
Perps reach highest levels since February at current $60M market cap, with buyback program confirmed to allocate 25% of revenue starting October 1.
Bithumb launches live trading event with 750,000 BLUE reward pool to incentivize trading activity.
Trading volume doubled in a single night, suggesting heightened market interest.
Platform announces partnership with Sui for news amplification and reports current TVL of $220M+ with $12.5M annualized revenue.
$BLUE token experiences 40% daily price surge.
Bluefin ranks #5 in a daily top performers list based on combined social and market activity metrics.
Platform drives SUI to its highest monthly perpetual volume since January, demonstrating significant market impact.
The token buyback program is set to begin in October, giving concrete timing to the approved buyback initiative.
BLUE token posts 30% gains, ranking as HTX's top performer.
Platform tripled SUI's perpetual trading volume overnight and holds 96% market share of SUI perpetuals.
Platform reports updated metrics showing $230M TVL, $37M annual fees, and $13M ARR, while trading at $90M FDV as the leading perp DEX on Sui.
All-time trading volume surpasses $78 billion milestone with total deposits exceeding $220 million and over 2.2 million unique wallets interacting with the platform.
Competitor MMTFinance adds $3B trading volume in one month, reaching $170M TVL and $11B+ cumulative volume, demonstrating significant competitive momentum on Sui Network where the platform competes directly.
Token holders vote to implement 20% buyback program from net profits, with the beta platform having processed over $50B in trading volume.
Company sponsors Sui Builder House: APAC event as a gold-level sponsor alongside other major Sui ecosystem projects.
Platform confirms users and products remain unaffected by ongoing supply chain attack, stating no vulnerable npm package versions are used.
Recognized as the most popular trading platform on Sui Network in a market categorization that distinguishes it from DEX platforms, with CetusProtocol and MMTFinance listed separately as the top DEX options.
Achieves leading volume position on Sui Network as one of three top-performing DEX platforms alongside CetusProtocol and MMTFinance.
Platform offers tBTC-xBTC farming at 20% APR with capability to simultaneously short BTC on bluefin pro for additional funding rate earnings while maintaining delta neutral position.
Rewards Pool dashboard distributes approximately 250K SUI incentives monthly alongside other rewards.
Trading leverage increases to 25x for SUI-PERP and 20x for WAL-PERP pairs
Sponsors Sui Builder House event in Seoul, marking Korean market expansion.
Spot and lending markets expand with ALKIMI token listing on August 19, 11:00 AM UTC.
New affiliate program launches with customizable referral splits, alongside $3,000 USDT trading competition requiring $5M minimum taker volume.
Achieves $20M BTC liquidity milestone on Sui Network as BTCFi hub
New Yapper board integration launches with $82M daily spot trading volume, positioning as one of two leading DEXs on SUI chain.
New KaitoAI partnership launches with 10% perp trading cashback and 5% LP bonus incentives.
Achieves $1M+ monthly revenue milestone, ranking #1 on Sui chain with $30M market cap.
Beta platform achieves $50B trading volume; Pro version officially launches with 10x expansion plans.
$600k USD campaign launches on OKX with seven active quests for both social and platform activities.
New LBTC liquidity pools launch alongside existing xBTC pools.
BLS liquidity pool migrates to BlackholeDex, with temporary removal at 12:50 UTC pending new trading pair deployment.
New xBTC liquidity pools launch in partnership with OKX wallet, offering liquidity provision rewards.
Pro version launches mid-July with institutional-grade HFT capabilities, featuring Nautilus secure execution environment and WebSocket infrastructure for low-latency trading.
Platform shows highest trading depth and increasing volume for XO token trading.
XO token lists on platform June 26 at 9:00 AM UTC
Major SPOT 2.0 upgrade launches with hybrid RFQ-CLMM liquidity model and enhanced routing capabilities.
New integration with LiFi protocol expands aggregator's cross-chain capabilities.
Achieves highest Skynet security and protocol scores on Sui network with $186.6M TVL
New LI.FI integration expands liquidity sources and token availability on Sui network with guaranteed best price execution.
New security audit contest for Pro version launches on HackenProof platform.
New integration with Jumper exchange aggregator expands liquidity access and token availability on Sui Network
Ecosystem partner Walrus secures $140M funding and achieves top 100 market cap position while reaching 1 Petabyte in storage capacity.
Current monthly trading fees reach $2.45M with $650K revenue, demonstrating significant trading activity.
Security audit identifies edge case vulnerability in Sui ecosystem's core math library; coordinated response involves multiple security partners including newly engaged OSec.io for verification.
Crypto educator and influencer IvanOnTech joins project ecosystem on Sui Network.
Strategic partnership and technology acquisition creates new Sui-native DEX aggregator with enhanced liquidity routing.
New Bluefin Pro platform launches with HFT support and trustless off-chain execution using Nautilus TEE.
Token expands trading access with new Sui-based spot market listing
New partnership with Asymptotic Tech announced for formal verification of core DeFi math libraries.
New ATHs achieved: $120.6M in supplies, $48.3M in borrows, with new spot trading rewards program launched
Native token lists on Bithumb exchange, expanding market access.
New exchange listing on Bithumb exchange confirmed.
Platform achieves $1.7B monthly volume and second place position on Sui Network after expanding into general swaps.
Current lending APRs: USDC (6.96%), SUI (5.04%), and BLUE (10.65%) available through AlphaLend integration.
DEX trading volume increased to $60B, and now offers RFQ services alongside previously mentioned spot, perp, and lending capabilities
Binance Alpha launches trading competition with 5M BLUE token prize pool for top 8,000 traders.
SUI ecosystem trading competition offers $1.7M in rewards for trading selected tokens.
Token launches trading on LBank Exchange.
Token now available for trading in Binance Alpha Markets section.
The Binance Alpha listing announced specifically involves the BLUE token.
New Binance Alpha listing with contract address confirmed, indicating potential future official listing.
Strategic investment in AlphaLend enables new spot and perpetual trading integration for enhanced capital efficiency.
Leading SUI-based DEX expands into lending after reaching $50B trading volume milestone.
Strategic partnership and integration announced with AlphaLend, enabling spot and perps trading with enhanced capital efficiency.
DEX currently operates with restricted liquidity outside major pairs, limiting trading capacity for larger positions.
New last look feature implements final price check before filling to prevent quote hanging and ensure fair pricing.
$50B trading volume achieved since Q4 2023; launching Pro version with millisecond-level order execution.
New partnership enables automated liquidity provision and trading strategies for retail traders through QuantFin integration.