SUI and Solana's market performance
OKX Ventures released a report showing that as Grayscale Sui Trust opened to qualified investors, SUI's daily trading volume soared to more than $800 million. This not only enhanced SUI's credibility in the market, but also attracted the attention of more institutional investors. The on-chain data also performed strongly, with SUI's total locked volume (TVL) reaching $1.15 billion, a year-on-year increase of 377% and a month-on-month increase of 47%. Among them, Navi Protocol's TVL increased by 54.67% to $439 million, Scallop increased by 30.69% to $233 million, SuiLend increased by 89.27% to $198 million, Cetus DEX increased by 44.37% to $159 million, and Aftermath Finance increased by 48.21% to $80 million.
Although SUI's fundamentals are strong, its token unlocking structure is still an issue that cannot be ignored. A large number of tokens were given to early investors at the beginning of the project, which makes the future unlocking pressure affect the market supply and demand balance. However, if SUI can continue to improve its fundamentals in the future, this unlocking pressure may be gradually neutralized.
At the same time, Solana's net capital inflow in the past three months was also considerable, reaching US$988 million, exceeding the total net capital inflow of all other chains. After several technical upgrades and optimizations, Solana's ecosystem has shown a relatively strong growth momentum, attracting a large influx of capital.
