Sui (SUI) has climbed to the eighth position in Total Value Locked (TVL), reaching nearly $2 billion, driven by a bullish DeFi expansion. The network’s TVL includes 10% Bitcoin-related assets, highlighting its integration with the broader crypto market. Sui’s price has increased by over 3.80% in the last 24 hours, with trading volume spiking by 38.37% to $710.48 million.
Market analyst Michaël van de Poppe notes that Sui’s ecosystem growth, including the rise of SuiLend as a leading lending protocol, signals strong investor interest. Additionally, the filing of a SUI ETF by Canary Capital Group has sparked bullish sentiment, potentially paving the way for Sui to reach a new all-time high. As of now, SUI is trading at $3.34, with projections suggesting a potential rally to $8.85, surpassing its previous ATH of $5.35.
