For the first time in history,
$SUI has overtaken Arbitrum (
$ARB )in decentralized exchange (DEX) trading volume, marking a pivotal moment in the DeFi landscape. On January 5, 2025, SUI’s DEX volume reached an impressive $405,353,494, surpassing Arbitrum's $360,931,092.
This flip underscores SUI’s growing liquidity, user engagement, and rising prominence in the DeFi ecosystem. The shift in trading volume reflects investor confidence and hints at broader market dynamics that could shape future platform developments and investment flows.
SUI Price Action: Bullish Momentum or Reversal?
SUI/USDT has been trading above a key ascending support line since mid-November, signaling a bullish trend. The price has stabilized around $4.81, with potential resistance levels at $5.20.
Key Scenarios to Watch:
Bullish Continuation: If SUI maintains the ascending support, it could retest the $5.20 level in the coming weeks.Bearish Break: A drop below the trendline could push SUI toward $4.00, testing lower support zones.
Traders should monitor these levels closely for signs of continuation or reversal in the trend.
User Growth: 40M Total Active Accounts
SUI’s network growth has been remarkable, hitting 40 million active accounts—a 20.35% increase in just 30 days. This surge highlights user adoption, even amid broader market corrections, and points to growing confidence in SUI’s ecosystem.
Historically, rising active users have correlated with increased transaction volumes and token price appreciation. With such strong fundamentals, SUI could exhibit resilience during market downturns and continue to attract liquidity and projects.
SUI’s continued growth in volume, price stability, and user adoption suggests it is well-positioned for long-term market relevance.
What are your thoughts on this milestone? Share below!
#SUİ #ARBİTRUM #CryptoNews #priceaction #TheCoinRepublic