SUSHI's increase on Binance Exchange today reached 14.3%, ranking first on the increase list, showing strong market performance. SUSHI is a decentralized trading platform born based on the fork of the Uniswap source code. Since its launch in August 2020, it has been a mature project with a history of four years.
In June this year, the SUSHI project launched Sushi Labs to further enrich and expand the product line within its ecosystem. Recently, the news that Super Swap will be launched soon has brought a positive atmosphere to the market, indicating another important upgrade of the project in terms of technology and services.
However, despite these positive developments, SUSHI’s total value locked (TVL) has not yet experienced significant growth, which may have affected its attractiveness as a long-term investment target to some extent. In addition, market analysis pointed out that there is heavy holding pressure above the 0.95 price, which means that even if Super Swap is successfully launched, the price may not be able to effectively break through this resistance area in the short term, and the space for further rise may be limited.
To sum up, SUSHI's strong performance in the market today is impressive, but its long-term investment value still needs to be carefully evaluated, especially considering the weak growth of TVL and the pressure from above to hold up the market.
