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SUI Surges Past $4 as Market Rally and DeFi Expansion Fuel Growth
SUI Surges Past $4 as Market Rally and DeFi Expansion Fuel Growth
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SUI News -
Sui ($SUI) broke through the $4 psychological barrier on May 9, riding a wave of positive momentum in the broader cryptocurrency market. The asset recorded a 10% daily increase, with trading volume jumping 76% to $3.3 billion, solidifying its position as the 11th-largest cryptocurrency by market capitalization at $14 billion.
The sui blockchain’s decentralized finance (DeFi) ecosystem mirrored this growth, with Total Value Locked (TVL) rising 12% over the past week to reach $2.03 billion. This surge in on-chain activity now ranks Sui as the eighth-largest network, capturing 1.82% of the total DeFi market share.
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