As an emerging public chain project, SUI has indeed performed well recently and attracted widespread attention from the market. Here are some highlights of SUI's recent development:

1. **Price performance**: SUI's price has risen by about 185% so far this year and hit a record high. This increase was driven by the expansion of its DeFi ecosystem and the growth of the stablecoin market. According to DeFillama data, the weekly trading volume of DEX on Sui Chain increased by about 50% to US$1.45 billion, and the current TVL is US$1.182 billion. With the help of the Meme coin craze and the launch of USDC on the Sui network, Sui has entered the top ten blockchains in terms of TVL.

2. **DeFi ecosystem**: Sui's DeFi ecosystem is growing rapidly, with a significant increase in on-chain transaction volume and TVL. The top DEX on Sui Chain, such as Turbo Finance, has a TVL of nearly US$30 million, a total number of accounts exceeding 400,000, and a cumulative transaction volume of more than US$2.8 billion.

3. **Technical Development**: Sui has a very solid technical foundation. Its Move programming language and parallel processing capabilities give Sui a clear advantage in performance. Sui's system design breakthrough eliminates a key bottleneck in many blockchains. By enabling parallel protocols on causally independent transactions, transactions are divided into two types: complex transactions and simple transactions, making breakthroughs in scalability.

4. **Institutional Interest**: Institutional interest in Sui is also driving its tokens up. For example, Grayscale previously launched the Sui Investment Trust, which provides institutional investors with a channel to invest in SUI and further increases market confidence in SUI.

5. **Market Sentiment**: The market is enthusiastic about Sui, and some observers point out that Sui's rise is an important sign of the new generation of public chains. Sui's rise is all due to news, but it is a good sign for the copycat sector, which can only indicate one problem: there is still money and heat.

6. **Unlocking issue**: Although Sui's token unlocking issue has attracted some attention, the market seems to have a positive interpretation of this, believing that the unlocked tokens did not bring huge selling pressure to the market, but may become a driving force for price increases.

In summary, SUI's rise is due to its positive performance in many aspects such as DeFi ecology, technological development, institutional interest and market sentiment.