What is the current price of Bluefin?
The current price of Bluefin is $0.009096 with a 0.06% change in the last 24 hours.
Supply and ATH/ATL data provided by CoinGecko
Hyperliquid perpetuals only. One snapshot every 5 minutes, up to 20 returned price levels per side. Liquidity beyond those levels is unknown. This is not a liquidation heatmap or a fill estimate.
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
Bluefin is a decentralized trading platform on the Sui blockchain that combines an orderbook-based perpetual futures exchange with a spot concentrated liquidity market maker (CLMM). BLUE is the governance token of the Bluefin Protocol. It matters because Bluefin is a venue on Sui where traders can take leveraged positions on major assets such as BTC, ETH and SOL without handing custody to a centralized exchange, while its spot pools supply liquidity to Sui ecosystem tokens.
Bluefin describes itself as a decentralized orderbook-based exchange built for both professional and first-time traders, with a focus on security, transparency and a smoother on-chain trading experience. It runs two core products:
The BLUE token sits on top of both as the protocol's governance asset. Official site: bluefin.io. Documentation: learn.bluefin.io.
Bluefin's documentation names Polychain, SIG, Brevan Howard Digital and Tower Research among its backers, and describes a partnership with Sui aimed at improving the on-chain user experience. The docs point to a podcast interview for the founder story but do not list founders by name on the pages reviewed here, so readers who want team details should check the official channels directly.
The perps product has gone through at least one major version change. Bluefin's docs describe a move from Bluefin Classic, which used Wormhole-bridged USDC (wUSDC) as collateral, to Bluefin Pro, which uses native USDC, adds cross margining and is described as offering sub-millisecond order matching. The docs provide a one-click migration that withdraws wUSDC, swaps it to native USDC and deposits it into Pro.
On the perps side, Bluefin's audit notes describe a separate order matching service and orderbook, protected by rate limiting and planned to scale on Kubernetes, alongside settlement contracts. That points to a hybrid design (an inference from the docs, not a stated architecture page): orders are matched by an off-chain service while collateral and settlement live on Sui, a pattern common among high-performance on-chain derivatives venues. Bluefin's CLMM documentation states that derivatives trading supports up to 20x leverage (leverage limits can change per market, so check the trading interface) and uses a separate account funded by deposits, independent of the wallet balance used for spot.
On the spot side, the CLMM works like other concentrated liquidity AMMs: liquidity providers choose a price range, which improves capital efficiency and reduces slippage for traders when the price stays in range. Spot trades settle instantly on-chain and are tied to the connected wallet, so no separate deposit is required. Liquidity providers can earn BLUE, SUI and other rewards through liquidity mining programs.
According to the BLUE token page and the Bluefin Foundation token site, BLUE has a total supply of 1,000,000,000 tokens. At launch, its primary utility is governance of the Bluefin Protocol, and further utilities require community approval through governance proposals. Voting power scales with locked tokens. The foundation lists initial governance parameters of a 10,000,000 BLUE proposal threshold, a 4-day voting period, a 1,000,000 BLUE quorum and a 1-day timelock delay.
The published allocation is:
Strategic participants and core contributors share the same terms: three-year vesting with a one-year cliff followed by a 24-month linear unlock. User incentives vest over five years, protocol development unlocks one third at token generation and two thirds over two years, and the treasury has a three-month cliff and 36-month vesting.
Bluefin runs both an orderbook perps venue and a spot CLMM on the same chain under one brand, and its docs describe the CLMM as integrated with the derivatives platform. Building on Sui gives it fast finality and low fees, which suits frequent order placement and cancellation. The move to native USDC removes reliance on bridged collateral for Pro users.
Bluefin is an application, not a chain. Compared with Hyperliquid, which runs its own L1 dedicated to trading, Bluefin inherits security and composability from Sui. Compared with dYdX, which also moved to an app-specific chain, Bluefin stays on a general-purpose network where other Sui DeFi protocols can plug into its pools. On Sui itself, it competes with spot venues such as Cetus and with DeepBook's shared orderbook.
Bluefin's code audits page lists audits by PeckShield (governance, insurance fund, token vesting and timelock contracts), Trail of Bits (order matching engine, orderbook, staking and liquidity provider contracts) and ChainTroopers, plus a Halborn white-box penetration test. The docs report that the Trail of Bits review found two high-severity issues, one fixed through key management changes and one mitigated with rate limiting. A separate OtterSec audit covers the spot contracts. Bluefin also uses Guardrail for continuous on-chain monitoring and runs a bug bounty program.
Bluefin gives the Sui ecosystem a native venue for leveraged trading and a deep spot liquidity layer, two building blocks most DeFi ecosystems need. Its governance token ties protocol direction to holders who lock BLUE over time.
Bluefin's own BLUE token page lists spot trading on Bluefin's Spot CLMM and on the centralized exchanges Bitget, KuCoin, Gate.io and MEXC, plus perpetual futures on Bybit and Bluefin Perps.
Per the official docs: Bitget, KuCoin, Gate.io and MEXC for spot, and Bybit for perpetual futures. Always verify the contract address (0xe1b45a0e641b9955a20aa0ad1c1f4ad86aad8afb07296d4085e349a50e90bdca::blue::BLUE) before trading on a DEX.
BLUE is a Sui-native coin, so it can be held in any wallet that supports Sui assets, such as Sui Wallet or Phantom. Holders who want to take part in governance need to lock BLUE through Bluefin's governance interface. For larger amounts, a hardware wallet with Sui support adds protection.
Track Bluefin live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Bluefin on CoinRithm before using real money.
Use a crypto paper trading account to demo trade Bluefin with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading Bluefin with real money.
Read the complete paper trading guideThe current price of Bluefin is $0.009096 with a 0.06% change in the last 24 hours.
The daily trading volume is $354,990 representing a 206.11% change in the past 24 hours.
The market capitalization of Bluefin is $3,589,744, ranking #810 globally.
The fully diluted valuation (FDV) of Bluefin is $9,095,830, calculated assuming the maximum supply of 1,000,000,000 BLUE is in circulation.
Circulating: 394,658,225. Total: 1,000,000,000. Max: 1,000,000,000.
In the last 24 hours, Bluefin traded between a low of $0.008550 and a high of $0.009449.
BLUE/USDTTether USDT0.009096 USDT
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