It could be the star of the upcoming bull: This altcoin is very strong!

As of the writing of the news, the Sui price has increased by 10 percent in the last 24 hours and reached $ 1.2. With the increase, its market value exceeded $ 3.2 billion and became the 30th coin in terms of market value. The daily trading volume was recorded as approximately $ 673 million. The popular altcoin, which stands out with USDC integration, seems to be making its mark on the upcoming bull.

Users and developers on the Sui network will be able to interact with $USDC in many applications such as decentralized finance, gaming and e-commerce. This development positively affected the Sui price and the ecosystem in a short time. The total asset value (TVL) locked in the Sui network reached $ 737.73 million. Most of the major cryptocurrencies in the ecosystem have increased by more than 30 percent in the last week.

The rise in $SUI occurred in parallel with the increasing demand in the futures market. According to CoinGlass data, open interest increased by more than 8 percent, exceeding the peak of $290 million, and rose to $315 million. In August, open interest remained below $52 million.

A striking detail is that $SUI quickly recovered from the market declines. The altcoin, which has stood firm especially in the declines experienced in the last two weeks, has risen rapidly, leaving many projects behind.

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