๐๐๐Sui TVL Struggles in the Top 10 by Passing $418 Million
Sui's Total Value was Locked, guaranteeing a place in the top 10 for a short time before experiencing a decline.
The chain has overtaken Bitcoin, Base and Cardano.ย
SUI has made big gains in recent months.
Layer 1 blockchain and smart contract platform Sui has achieved a high momentum in recent months, recording new milestones and price increases. On January 27, the chain briefly ranked 10th in the Total Value Locked (TVL) ranking, surpassing the leading chains, including Bitcoin, Base and Cardano Dec. he guaranteed the turn .
But the celebration was short-lived due to the subsequent displacement of the blockchain. However, Sui's rapid growth rate signals a potential recovery in the near future.
Sui Targeted the First 10 Rebounds
According to the decentralized financial analysis platform DEFILLAMA, the Sui blockchain is currently the 11th in the Total Value Locked. it ranks next and reaches $ 418.81 million.
Sui lags behind Pulsechain by a margin of $ 12 million and is in tenth place with $ 430.27 million.
This marks Sui's second non-Ethereum Virtual Machine (EVM) chain position. Sui has a dominance of 9.2%, while Solana, which currently holds $ 1.485 billion, is overtaking it.
Investors are optimistic about Sui's potential to surpass Pulsechain for a place in the top 10 list, especially given its performance in recent months.
Sui's local token SUI has experienced a remarkable increase of almost 350% in the last three months and is currently trading at $1.46 compared to the previous December of $0.3 to $0.4
