Suiet Wallet to End Self-Custodial Service, Maintains API Access Until Mid-November

Suiet wallet will end its self-custodial service but keep APIs running until November 14, amid a 22% drop in Sui’s DeFi value locked over the past month.

Suiet wallet has announced it will discontinue its self-custodial wallet service but will continue to support its API services through November 14, according to CoinTelegraph. This move marks a significant change for users relying on Suiet’s wallet for direct asset management.

Meanwhile, the broader Sui ecosystem is experiencing a decline in decentralized finance (DeFi) activity, with total value locked dropping by more than 22% over the past month, CoinTelegraph reported. This decrease reflects ongoing challenges in the crypto market, affecting investor confidence and liquidity.

For Japanese investors and traders, this development underscores the importance of monitoring service availability and DeFi trends within emerging blockchain platforms, as shifts like these can impact trading strategies and asset management choices in the FX and crypto sectors.

#newsroom

執筆: Sama Kane