Date: Wed, Oct 16, 2024, 02:29 PM GMT
In the cryptocurrency market, Sui Network (SUI) has emerged as a standout favorite among altcoins. The project has experienced significant growth in the Layer-1 space, attracting the attention of traders and investors alike. Despite recent market volatility putting a temporary halt to its rally, $SUI has managed to achieve an 6.54% gain over the past week and a remarkable 90% increase in the last 30 days.
Source: Coinmarketcap
Weekly NetFlow Rankings
Recent data from Artemis reveals that SUI Network has outperformed both Solana and Base in terms of net inflows in the past week. SUI recorded a total inflow of $79.5 million, with outflows totaling $22.1 million. This gives SUI a net flow of $57.4 million, indicating strong investor and developer interest.
Source: Artemis
Following closely behind, Base secured a net flow of $44.1 million, with inflows of $69.9 million and outflows of $25.8 million. Solana, meanwhile, reported a net flow of $27.7 million, with inflows of $63.2 million and outflows of $35.5 million.
Weekly Inflow Rankings
In the overall weekly inflow rankings, SUI holds the third position with its $79.5 million inflow, trailing only Ethereum and Base. This trend signals a potential shift in interest towards SUI Network, showcasing its growing prominence in the blockchain space.
Source: Artemis
Conclusion
Sui Network’s strong net inflows compared to Solana and Base indicate increasing confidence from investors and developers in its potential. With its recent gains and robust performance, SUI Network is definitely a project to watch in the coming weeks.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
