Bluefin

Bluefin operates as a decentralized platform for trading both spot and derivatives on the Sui blockchain. It is supported by prominent investors like Polychain, SIG, and Brevan Howard. Since its debut in September 2023, Bluefin has become the largest protocol on Sui by total trading volume, having facilitated over $37 billion in trades. The platform boasts 57,754 unique depositors and a total value locked (TVL) of $27.1 million. Bluefin offers two main products:

Decentralized Derivatives Trading: This product allows for trading derivatives prior to market launches and includes ecosystem asset derivatives, offering competitive execution prices for exposure to major assets such as BTC, ETH, and SOL.
Spot DEX: Serving as the entry point for retail users, Bluefin's automated market maker (AMM) facilitates trading of both ecosystem assets and meme coins.