BNB Surges on Binance's SUI Farming

Binance Launchpool's latest project, Sui farming, has caused Binance's native cryptocurrency BNB to surge 5% higher as the crypto market retreats. The incentive enables Binance customers to farm SUI tokens using staked BNB and TrueUSD (TUSD). The farming incentives will run for two days from May 1, with Binance listing SUI once liquidity meets the requirements. Sui is a VC-backed delegated proof of stake (DPoS) layer 1 blockchain network based on the Move programming language, with ties to former Meta employees. The maximum supply of SUI is 10 billion, with 40 million SUI tokens issued as farming rewards.