$SUI outshines Bitcoin and Ethereum: What’s driving this growth?

In the rapidly evolving blockchain landscape, Sui (SUI) has emerged as a standout performer, surpassing traditional financial benchmarks like Bitcoin (BTC), Ethereum (ETH), and the Nasdaq. This exceptional growth raises the question: what is driving Sui's rise? While the native token SUI plays a central role in the network's expansion, other factors contribute to its success.

At press time, SUI trades around $3.37, having surged from mid-year lows, bolstered by positive market sentiment. The daily chart shows a healthy Relative Strength Index (RSI) at 58.17, suggesting strong momentum without reaching overbought levels. The On-Balance Volume (OBV) confirms sustained demand, signaling continued accumulation despite price corrections.

SUI’s role extends beyond price movements. It powers Sui’s economic model by facilitating transaction fees, liquidity, and ecosystem incentives. This direct connection between token demand and network activity underpins Sui’s growth. As DeFi adoption and cross-chain integrations continue, SUI's demand could fuel further upward momentum, cementing its place as a key player in the blockchain ecosystem.