$SUI SUI, a token backed by Mysten Labs, curated a tidal wave of speculations across the broader crypto market on Monday as the token’s on-chain data showcased a monumental achievement, surpassing Bitcoin in TVL. As per on-chain insights unveiled by a DeFi protocol tracking platform, Sui now ranks 13th among all the chains globally. This appears to have sparked immense market optimism for the decentralized blockchain’s native token, also mirrored by its price jump today.

Meanwhile, Bitcoin’s TVL post-approval appears to be on a gradual decline, coinciding with the recent dramatic drop in its price. In addition, the token’s TVL also notes a marginal fall, aligning with the token’s market plunge.#TradeNTell