SUI Network Hits All-Time Highs in TVL and Open Interest as Price Holds Steady Near $4.44
Sui (SUI) is trading around $4.44, marking a six-month high, as network activity experiences significant growth. The Total Value Locked (TVL) has reached a record $2.28 billion, while Open Interest (OI) has surged to $2.66 billion—both setting new all-time highs. The stablecoin market cap on sui has surpassed $1 billion, indicating strong liquidity in the ecosystem.
Derivative traders are displaying increased bullish sentiment, although technical analysis points to potential resistance at current price levels. Sui's DeFi ecosystem continues to expand, with TVL growing by $90 million in just one week.