BTC prices keep hitting new highs, but many players, including myself, are not happy because many of the assets in hand have minimal gains, and some haven't even broken even. Of course, if you hold $SUI, you have really won big recently.
Looking through the data from the past three months, you will find that $SUI might be the only L1 asset outperforming Bitcoin: since August 5, BTC has risen from 49,000 to 89,000, an increase of over 80%, ETH has increased by 58%, while during the same period, $SUI has surged sixfold, very similar to $INJ from that year.
In fact, besides the strong token price, SUI's ecological development this year is also on a healthy track, outperforming many L2s that have turned into ghost towns after their tokens were issued. Coupled with Binance's support, SUI's market expectations have been fully raised. Here are several undeniable facts:
① TVL increased by 560% this year
$SUI's explosion has real TVL support. According to DefiLlama data, the SUI ecological TVL has grown from 221.33M at the beginning of the year to 1.46B now, an increase of 560% this year, which is nearly on par with the rise in token price.
② Ecological projects are strong
Compared to other public chains, Sui ecological projects leave the impression that they continue to be active even after their TGE, such as Cetus, NAVI, Scallop, etc., and we often see their updates.
Recently, @DeepBookonSui has really made Sui shine, as they airdropped to users across the network, simple and straightforward without PUA, and without selling pressure from VCs. The token price rose from 0.01 to a maximum of 0.1U, and recently started a pump mode; if you hold on, it’s definitely a big win.
The Sui ecology excels in DeFi, with DEEP serving as Sui's liquidity layer, significantly stimulating the entire ecological DeFi system. We can continue to monitor official actions and token price trends.
③ Binance shifts focus to Sui ecology
Recently, Binance listed CETUS, which is a significant positive development for the entire Sui ecology.
For a time, projects in the $NAVX token ecology have been hyped, laying the groundwork for the next $CETUS to become a hot topic in the industry.
We boldly speculate that Binance's decision to list the Sui ecological project indicates a sufficient understanding of Sui, and it is highly likely that they will also list some fundamentally sound assets in the future. Therefore, investing more effort in the Sui ecology might yield unexpected surprises.
