Sui is setting records and creating new milestones.
The blockchain token reached new ATH in price and TVL.
SUI’s growth presents a challenge to Ethereum’s EVM.
Sui, the layer-1 blockchain known for transaction finality and high-speed throughput, is on a roll, setting records and creating new milestones. The blockchain’s native token, SUI, has reached a new all-time high (ATH), and its total value locked (TVL) has also set a record.
Last Sunday, SUI’s price hit $2.661, a new high for the layer-1 blockchain’s native token. SUI’s ATH comes after a significant rally that saw the altcoin gain over 400% in about two months. At the same time, the blockchain’s TVL has surged, reaching $1.135 billion for the first time, according to data from DeFiLlama, a DeFi analytics platform.
SUI Enters the Top 20 Cryptocurrencies
This recent surge has affected every aspect of Sui’s native blockchain structure. The crypto asset’s market capitalization reached a record $6.47 billion before falling slightly to $5.65 billion at the time of writing. With this growth, SUI jumped into the top 20 cryptocurrencies, ranking 18th as of press time, according to data from …
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