Bluefin

Bluefin is a decentralized exchange (DEX) focused on derivatives and spot trading, built on the Sui blockchain. The protocol offers an order book-based trading platform, combining liquidity, scalability, and security for both institutional and individual traders. Bluefin is backed by investors such as Polychain, Susquehanna, Brevan Howard Digital, and Alliance.

Since its launch, Bluefin has recorded over $37 billion in trading volume and has become one of the leading applications in the Sui ecosystem. The protocol also includes features such as concentrated liquidity market maker (CLMM) pools and integration with Web3 wallets and Google accounts for an enhanced user experience.

*Security and Audits:* Protocol security is ensured through audits conducted by firms such as *Trail of Bits, PeckShield, and Halborn*. Additionally, Bluefin implements continuous monitoring measures, an insurance fund to cover losses, and a bug bounty program to strengthen protection against cybersecurity threats.

BLUE is the native governance token of Bluefin. It plays a central role in the decentralized governance of the protocol, allowing holders to vote on key updates and decisions. Additionally, BLUE is used in reward and incentive programs for traders and liquidity providers.

The token distribution includes allocations to reward historical users, Sui ecosystem participants, strategic partners, and NFT communities, with a significant portion reserved for ongoing rewards and platform liquidity.

• Bluefin allocated 17.15% of the total BLUE token supply to historical and new users, including partners from the Sui, Solana, and EVM ecosystems. The reward program remains active, allowing traders and liquidity providers to earn BLUE and SUI weekly.
• Users can claim their BLUE tokens through the Bluefin rewards dashboard, following a progressive vesting schedule. The platform also offers incentives for trading, referring new users, and participating in liquidity programs.