$SUI surged to ATH 3.92$

- 24h Volume: 2 billion USD.

- TVL: 1.6 billion USD.

There are many reasons for this.

SUI escaped the downtrend with the integration of USDC and CCTP and the launch of Grayscale Sui Trust -> This might be the starting point for the price increase.

Sui has recently been popular due to:

- Generous airdrop: Encouraging participation and increasing trading volume.

- Memecoin with the ability to create hype, attract investment, while also providing mutual benefits for both the memecoin and the Sui network.

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Ecosystem:

TVL:

- Q2: TVL reached 592 million USD.

- Q3: TVL increased to 1 billion USD, surpassing the 1 billion USD mark for the first time.

Projects:

- $CETUS : Top DEX on Sui. Listed on Binance, so it should increase in price significantly.

- $NAVX: Leading defi protocol. It offers borrowing and lending services for cryptocurrencies. Tokens can be used as collateral to borrow other assets on Navi Protocol.

- $SSWP: Also a DEX. Provides swaps and yield farming, low fees.

- $TURBOS: Yield aggregator with the highest returns.

- And Suilend. Has everyone received the airdrop of Suilend's $SEND?

Memecoin:

- $HIPPO, $FUD, $BLUB... The HIPPO has been listed on Binance and the mentioned coins all have 24h volume over 1 million USD.