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Sui Network operates as a Layer-1 project using the Move programming language, originating from Novi's initial research (a subsidiary of Meta responsible for digital wallet development). With Sui Network, developers can build diverse dApps in the Web3 world.
In today's article, let's delve into the top standout NFT projects on the Sui ecosystem based on the following six criteria:
- Total volume
- 24H volume
- Market capitalization
- Backers, partners
- Community
- Current floor price compared to initial price
1. Fuddies
1.1. Introduction
Fuddies is a collection of 10,000 Sui avatar (PFP) images depicting animated owls. The Fuddies minting took place on the same day as the Sui mainnet launch (03/05).
The Fuddies project revolves around FUD memes during a highly active meme period. According to NFTboi on Twitter, the project gained popularity due to its "we market" description with jokes and satire based on FUD events. The project team currently remains anonymous.
1.2. Statistics
- Total volume: 1.48M SUI
- Floor price: 94 SUI
- Listed: 1088/10000
- 24h volume: 6.57K SUI
- Marketcap: ~940,000 SUI
1.3. Backers, partners
Fuddies were launched on the Clutchy marketplace, with promotional efforts from Mysten Labs founders via Twitter.
1.4. Community
The project currently has over 46.4K followers on Twitter and 26,528 members on Discord with an active member rate of 7.9%.
1.5. Current floor price compared to initial price
During the public sale, Fuddies NFTs were sold starting from 300 SUI. Currently, the collection's floor price is 94 SUI, a decrease of 3 from the initial price.
Despite some negative community feedback on Fuddies' pricing actions, its market cap and support from Mysten Labs position Fuddies as a blue-chip NFT collection on the Sui network.
2. SuiFrens
2.1. Introduction
SuiFrens were created by Mysten Labs. The three characters that make up SuiFrens are Capybara, Narwhal, and Bullshark. Each character represents a different component of Sui's architecture:
- Capybaras embody Sui Move, with high combinability.
- Bullsharks represent Sui's innovative mempool, providing structure to the network.
- Narwhals symbolize Sui's consensus engine, bringing order to the community.
Each user can own SuiFrens, with no limit on the number; they can also sell and gift SuiFrens to others.
Simply put, SuiFrens serve as a testament to the capabilities of Sui Move. They showcase the combinability, scalability, and flexibility of digital assets on Sui.
2.2. Statistics
- Floor price: 19.5 SUI
- Listed: 66/30000
- 24h volume: 74.2 SUI
- Marketcap: ~585,000 SUI
2.3. Backers, partners
- Backer: Mysten Labs
- Partners: updating...
2.4. Community
SuiFrens were developed by the Mysten Labs team. Users can discuss SuiFrens further on Sui's official Discord.
2.5. Current floor price compared to initial price
Initially minted at 8 SUI, Souffl3 statistics show the current floor price of each SuiFrens NFT is 19.5 SUI, a 2.4x increase.
SuiFrens has garnered significant community engagement as one of the earliest collections before Sui's mainnet launch. However, its long-term liquidity may face challenges as NFT quantities rise.
3. Sips
3.1. Introduction
Sips is a new NFT collection launched exclusively on Clutchy on May 31st, featuring 5,555 colorful and expressive drink-themed images.
3.2. Statistics
- Total volume: 17.02K SUI
- Floor price: 3.42 SUI
- Listed: 705/5555
- 24h volume: 693 SUI
- Marketcap: ~18,999 SUI
3.3. Backers, partners
Sips does not mention backers. As for partners, Sips collaborated with Ethos, allowing users to trade and purchase NFTs using Ethos wallets.
3.4. Community
The project currently has 7,491 followers on Twitter and nearly 9,000 Discord members with a 10% active member rate.
3.5. Current floor price compared to initial price
The mint price per NFT was 0.1 SUI. According to Souffl3, the current floor price is 4.25 SUI, a 34.2x increase.
Sips, as the newest collection among the five, has shown relatively high profitability. However, without additional user benefits or new programs, Sips may face potential decline in the future.
4. Cosmocadia
4.1. Introduction
Cosmocadia is a farming game where users can build and cultivate their farms together.
The Cosmocadia collection consists of 11,111 avatars, which are traded on the Clutchy and BlueMove marketplaces. Each avatar represents a character in the game and serves as a gateway into the diverse world of Cosmocadia.
On May 26th, the project announced that all NFTs were sold out. Currently, the game is only available to avatar holders, with a free-to-play mode expected to launch in 2024.
Holding a Cosmocadian avatar comes with several benefits, including an airdrop of $KOBAN, the token from Lucky Kat Studios, $CADIA, the game's primary currency, and an NFT device. Additionally, holders will have access to early demos, the ability to stake their Cosmocadian avatars to earn $KOBAN, and a whitelist spot for future LAND NFT sales.
4.2. Statistics
- Total volume: 13.91K SUI
- Floor price: 34 SUI
- Listed: 256/5555
- 24h volume: 138 SUI
- Marketcap: ~188,870 SUI
4.3. Backers, partners
- Investors: updating...
- Partners: Cosmocadia collaborated with Mysten Labs, Solana, Lucky Kat, Big Brain Holding, Sui Name Service...
4.4. Community
The project currently has over 51.7K Twitter followers and 17,893 Discord members with a 6.25% active member rate.
4.5. Current floor price compared to initial price
Cosmocadia NFTs were initially sold at 50 SUI per public sale. Currently, the floor price is 34 SUI, a 32% decrease.
As an NFT gaming project, despite the current decrease in NFT prices, Cosmocadia provides comprehensive information on NFT benefits and income opportunities for users. If executed according to plan, Cosmocadia will likely maintain its momentum in the long term.
5. Gommies
5.1. Introduction
Gommies is a collection of 5,000 NFTs launched on Clutchy on May 16th.
5.2. Statistics
- Total volume: 163.16K SUI
- Floor price: 24.9 SUI
- Listed: 729/5000
- 24h volume: 2.84 SUI
- Marketcap: ~124,500 SUI
5.3. Backers, partners
- Backer: updating...
- Partners: updating...
5.4. Community
The project currently has over 16K Twitter followers and 9,206 Discord members with an 11.8% active member rate.
5.5. Current floor price compared to initial price
The mint price for OGs was 45 SUI, while for the public, it was 50 SUI. The current floor price is 24.9 SUI, a 50.2% decrease.
Overall, the prices of these NFT collections have declined from their initial public prices, with Gommies being no exception. Monitoring the project's Twitter reveals images of Gommies NFT racing, possibly hinting at upcoming user retention strategies.
Comparison Table of the 5 Projects:
| Fuddies | SuiFrens | Sips | Cosmocadia | Gommies | |
|---|---|---|---|---|---|
| Total volume | 1.48M SUI | - | 17.02K SUI | 13.91K SUI | 163.16K SUI |
| Floor price | 94 SUI | 19.5 SUI | 3.42 SUI | 34 SUI | 24.9 SUI |
| Public price | 300 SUI | 8 SUI | 0.1 SUI | 50 SUI | 50 SUI |
| Listed | 1088/10000 | 66/30000 | 705/5555 | 256/5555 | 729/5000 |
| Marketcap | ~ 940000 SUI | ~ 585000 SUI | ~ 18999 SUI | ~ 188870 SUI | ~ 124500 SUI |
| 24H volume | 6.66K SUI | 74.2 SUI | 693 SUI | 138 SUI | 2.84K SUI |
| Backer | - | Mysten Labs | - | - | - |
| Team | Ẩn danh | Mysten Labs | Ẩn danh | Lucky Kat Studios | Ẩn danh |
| Discord (active/ total) | 2120/26528 | - | 988/8989 | 1120/17893 | 1094/9206 |
| 46.4K followers | - | 7491 followers | 51.7K followers | 16K followers |
6. Conclusion
Above are the top 5 projects with the highest recent trading volumes in the Sui ecosystem. Overall, the NFT niche on the Sui network has yet to attract significant capital inflows as of the current period.
Top NFT projects can change over time. To increase profit opportunities from NFTs on the Sui network, stay updated on upcoming potential projects at marketplaces like Clutchy, BlueMove, Souffl3, and Keepsake to avoid missing out on new promising ventures.
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