SUI Bucks Market Trend with Impressive DeFi Growth and Price Surge
Sui’s price climbed to $2.97 on Thursday, defying the broader cryptocurrency market downturn. The layer-1 token is eyeing further gains beyond its intraday peak of $3.12, driven by increasing interest in its decentralized finance (DeFi) ecosystem.
Decentralized exchange volume on SUI jumped 38.51% over the past week to $2.77 billion, with $806 million recorded in just the last 24 hours. This spike in activity highlights Sui’s growing prominence as a competitive layer-1 blockchain.
While the wider crypto market struggled after Wednesday’s rally, Sui’s resilience showcases its strengthening fundamentals. The Total Value Locked (TVL) in Sui’s DeFi ecosystem continues to rise, reflecting strong investor confidence in the platform’s infrastructure.
