Cetus Protocol priceCETUS

This article isn't FUD. I’m not here to attack Sui , in fact, I recognize the innovation and serious momentum behind the project. But to have a grounded conversation about the future of any blockchain, we need to talk about its risks too. From governance concentration to security vulnerabilities, this is an honest look at what could limit Sui’s long-term potential and what the community needs to be aware of. Speed comes at a cost. The Sui blockchain proves it. In May 2025, Sui’s DeFi crown jewel, @CetusProtocol , was exploited for up to 260 million dollars. Validators acted swiftly, halting contracts and blacklisting addresses. The network remained online, but the response raised serious concerns. How could validators react that quickly? Who gave them that power? And what does it say about decentralization on Sui? This wasn’t just a DeFi failure. It was a governance stress test. And it exposed the deeper problem, @SuiNetwork is fast because it’s centralized. Governance Power Is Highly Concentrated Mysten Labs holds 18 % of all SUI tokens. Early investors and insiders hold about 32% more. Together, they control over half the network’s governance power. This allows for rapid decision-making, but it concentrates authority in the hands of a few. Proposals can pass with a simple majority of validator stake, meaning insiders can push changes with little resistance. Validator Set Is Small Sui has 127 active validators. That’s far fewer than Ethereum’s 900,000 or even Solana’s 2,000+. This makes coordination easier, but also creates a centralization risk. When Cetus was hacked, validators quickly paused smart contracts and froze assets. That responsiveness came at the cost of transparency, due process and decentralization. Community Governance Is Minimal Sui boasts over 180,000 active wallets. But fewer than 2,400 participated in any on-chain vote. With so little public participation, governance decisions are essentially controlled by validators and insiders. The average user has no meaningful influence. Architecture Enables Control Sui’s novel Narwhal-Bullshark consensus and object-centric model help it scale. But they also increase validator authority and shrink the role of independent nodes. This architecture enables high performance, but makes decentralization harder to enforce at the protocol level. Cetus Exploit Highlights DeFi Risk In May 2025, an attacker minted worthless tokens and inserted them into Cetus’s liquidity pools. These fake tokens manipulated the protocol’s internal oracle, which mispriced them and allowed the attacker to drain real assets like $SUI and $USDC. Cetus’s reliance on a single pricing source, without safeguards, made the exploit possible. There were no filters, circuit breakers or validation checks. The result was massive capital loss and a DeFi ecosystem thrown into chaos. Broader Security Challenges • Sui’s object-centric model increases phishing attack surfaces. • The Move language protects against low-level bugs, but not flawed logic in oracles or permissions In response, Sui launched a 10 million dollar security fund. But critics argue these are reactive steps, not a proactive defense. The Real Debate is Pragmatism or Centralization Supporters claim Sui’s structure is efficient and user-protective. They call it pragmatic decentralization, a governance model that works in real-world conditions. But critics see a corporate style structure with few checks on power. They argue that Sui’s decentralization is more narrative than reality. 💧Sui is fast, innovative and growing. But its governance, validator dynamics and security responses reveal a protocol where control remains tightly held. Until validator diversity increases, token distribution improves and community participation grows, Sui’s decentralization will remain an open question. Performance matters. But so does power. And right now, Sui’s is concentrated.

Cetus has crossed $1B+ in weekly trading volume for 4 straight weeks, driving sustained growth in on-chain activity across the Sui ecosystem 🌊 Sui DeFi is gaining serious traction. Exciting updates are on the way for #Cetus. Stay tuned. 👀🐳

RT @Cetus_Degen: Many times, we forget that new people join crypto every day and there’s no clear guide or learning path to help them get s…

$CETUS – Mcap 85.28M$ – 90% / 58.9K votes Bullish SC02 M5 pending Short order, entry includes a POC zone and is not affected by any weak area. Estimated stop-loss is around 1.76%. The downtrend is currently in its 432nd cycle, with a drop range of 16.28%. #POCRejection #SustainedDowntrend

In July, Sui hit a record-breaking $14B+ in spot trading volume — and #Cetus powered over $6.1B, significantly leading the entire ecosystem. 🌊🐳 We’ve never wavered from our role: building the key liquidity & swap infra for @SuiNetwork and fueling its DeFi growth. LFG! 💪