SUI Skyrockets 20% Amid Institutional Adoption and Technical Breakthroughs
Sui (SUI), a top-tier Layer-1 blockchain, has surged over 20% in the past week, hitting $3.44. The rally is driven by institutional adoption and key technical upgrades, with analysts predicting a potential breakout above $3.60. Integration of tBTC and a bullish Grayscale report have solidified Sui's position as a formidable solana competitor.
Market activity has surged, with daily DeFi volume reaching $281 million. Trading volume jumped 128.51%, signaling heightened investor interest. While security concerns persist, the network's strong momentum indicates further upside potential.