Cetus Protocol (CETUS) is a decentralized exchange (DEX) and concentrated liquidity protocol built on the Sui and Aptos blockchains, aiming to enable more efficient trading and liquidity provisioning.
As of writing, CETUS has surged by 24.70% in the past 24 hours, making it one of the top-performing assets of the day.
The price jump comes after Cetus, the largest DEX on Sui, announced it will fully compensate user losses from last week’s $223 million exploit, using a critical loan from the Sui Foundation. While $162 million of the stolen funds were frozen on-chain, the remaining assets were moved across chains. A community vote is expected to determine the release of the frozen funds. This reassuring update likely contributed to CETUS’s sharp price recovery.
