The Sui Network has recently achieved a significant milestone by surpassing $1 billion in Total Value Locked (TVL). This development was celebrated across social media, particularly on platforms like X, where users highlighted the event with hashtags like
#SuiTember and
#Uptober indicating the community's enthusiasm for Sui's performance towards the end of September and expectations for October. Here's a brief rundown based on the sentiment and information shared online:
- Achievement: Sui Network's TVL crossing the $1 billion mark was described as a major milestone, signaling strong growth and increasing trust in its blockchain ecosystem.
- Market Reaction: Following this news, there was noticeable excitement among crypto enthusiasts, with some posts mentioning a 12% increase in Sui's price within 24 hours post-announcement, indicating a positive market response.
- Future Expectations: The community looks forward to continued growth, with mentions of upcoming events like the integration of native USDC, token generation events for projects like $NS and $DEEP, and potential new announcements like launchpools, which could further drive up the TVL and Sui's market value.
- Price Movement: Sui's price was noted to be around $1.83 after the TVL milestone, with speculations that it might challenge its all-time high of $2.18, fueled by the increased TVL and general market sentiment.
This information reflects real-time reactions and expectations from the crypto community on X, showcasing
#SuiNetwork wing prominence in the DeFi space and the broader cryptocurrency market.