SUI has risen approximately 185% within the year, driven by its DeFi ecosystem and the growth of the stablecoin market
SUI has risen about 185% so far this year, hitting a record high. Analysts point out that several factors have contributed to Sui's development, including the expansion of its DeFi ecosystem and the growing stablecoin market. According to data from DeFillama, Sui's on-chain DEX weekly trading volume increased by about 50%, reaching $1.45 billion, with a current TVL of $1.182 billion. With the help of Meme coin craze and USDC launching on the network, Sui has entered the top ten blockchains in terms of TVL ranking. Observers also noted that institutional interest in Sui has driven up its token price, such as Grayscale previously launching a Sui investment trust fund.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Banxico: Flexible stance with upside risks – Rabobank
Planet Ventures CEO Etienne Moshevich resigns
India Relaxes Asset Management Rules: Portfolio Management Industry Approved for Overseas Investment and Short Selling Stocks for the First Time
Indian regulators announced on Thursday that they will allow the country’s $463 billion portfolio management industry to invest in overseas securities for the first time and to conduct short-selling in stock options. This move opens up new channels for India’s wealthy class to access global markets and holds significance for AI-related assets, which have attracted strong investor interest. Additionally, India will launch new portfolio management products with lower investment thresholds.
Waldencast Files to Delist Shares, Warrants From Nasdaq
Crypto prices
More
