On the SUI chain, the competitive landscape in the DEX sector has become very difficult to break through. Take MAGMA as an example, with only $707 in protocol revenue over the past 24 hours, and a total of $5,841 in the past 7 days. To be honest, this income might be even less than the trading fees from some traders opening a single order, or the hype generated by a popular MEME.

Looking at projects that perform well on the same chain, how do they do it? NAVI Protocol ranks first on SUI, with nearly $469,902 in protocol revenue over the past 7 days. This NAVI also has its own DEX product, Astros, forming a more complete ecological loop. Comparing the two, the gap becomes clear.

Frankly speaking, based on MAGMA's current data, what mainly drives the growth of protocol revenue? It’s nothing more than token price speculation and funding support. Short-term emotional trading can boost the market temporarily, but when it comes to long-term growth potential? It depends on whether investors truly have faith or are just gambling out of frustration. In such a market environment, choosing projects requires more caution.