$SUI continues to be one of the strongest performers in the market - up over 20% on the week and over 370% in the last year
What’s driving the bullish sentiment around @SuiNetwork:
-One of the trades of the cycle. Many want another L1 winner alongside Solana, with Sui continuing to lead the trend
-DeFi momentum: Sui just hit a new ATH in TVL with over $2.07B locked and $1.1B+ in stablecoins. DEX volume crossed $8.6B, ranking #7 across all chains
-User growth: Daily active accounts have more than tripled in the last 3 months
-Institutional backing: Grayscale has highlighted SUI as having more upside than major L1s like ETH and SOL, and multiple Sui ETFs have been filed
-Ecosystem traction: $DEEP is up 182% in the last 90 days — #7 among all projects, and $WAL is showing growing its ecosystem with partnerships with Pudgy Penguins and others
Disclaimer: I’m bullish on $SUI and still holding my position.
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