SUI has surged 32.4% in the past 24 hours, bringing its market value to an impressive $8.7 billion and securing its position as the 15th largest cryptocurrency by market cap.
This record-breaking performance highlights SUI’s remarkable turnaround, defying initial disappointment to achieve significant gains for early supporters.
The price of SUI now stands at $3.07, up from just $0.60 a year ago, rewarding those who maintained faith in its potential.
Just one year ago, SUI disappointed many people
Today, it broke the all-time high, those who believed have won
SUI increased its TVL by tenfold in just one year
Here’s all you need to know about SUI and list of Top DeFi protocols/
pic.twitter.com/xQe4wvjy8D
— Defileo
(@0xDefiLeo) November 10, 2024
Key metrics reveal SUI’s explosive growth. Total Value Locked (TVL) has expanded tenfold in a year, rising from $125 million to $1.32 billion. Trading volume has also skyrocketed, climbing from $13.3 million to $354 million. SUI’s upward trajectory underscores its growing influence in the DeFi space and has boosted enthusiasm for projects within its ecosystem, such as Scallop (SCA). The SUI-based lending protocol has seen a weekly price increase of 79.13% alongside a 25.3% rise in its own TVL.
SUI has increased by 32.4% in the past 24 hours, with a market value of approximately US$8.7 billion, breaking a record high and ranking 15th in total market value. Sui lending protocol Scallop (SCA) have also seen significant increases. SCA has increased by 79.13% in the past 7…
— Wu Blockchain (@WuBlockchain) November 10, 2024
SUI’s blockchain performance further solidifies its standing as a prominent player in 2024’s crypto landscape. In October, Sui Network ranked second in transaction volume across all blockchains, and it currently holds fourth place in total transactions for the year. These achievements signal the rapid pace of development within the ecosystem, which continues to evolve daily.
As SUI reaches new milestones, optimism remains high that this momentum will persist. With its DeFi ecosystem growing and adoption accelerating, SUI exemplifies the potential for groundbreaking progress in blockchain technology, making it a compelling choice for investors eager to participate in a thriving and early-stage ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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