According to Odaily Planet Daily, SUI has risen by about 185% so far this year and hit a record high. Analysis points out that the expansion of the DeFi ecosystem and the growth of the stablecoin market are the main factors.

According to DeFillama data, the weekly trading volume of Sui Chain DEX increased by about 50% to US$1.45 billion, and the current TVL is US$1.182 billion.

Sui has entered the top ten blockchains by TVL, helped by the meme coin craze and the launch of USDC on the network. Institutional interest in Sui has also boosted its token, such as Grayscale’s previous launch of the Sui Investment Trust.