$SUI
has 4× as much stablecoin liquidity as $NEAR—so why is NEAR’s market cap higher?
The November 10 snapshot highlights different strengths: Sui has more liquidity on its own chain, while NEAR also routes activity across other networks.
**$SUI:**
- $421M in DeFi TVL
- $520M in stablecoins
- $156M in spot DEX volume over seven days
- Over 24 hours, DefiLlama recorded 146K active addresses, 68.8M transactions, and $2.3K in network fees
- Market cap: $3.38B
DeepBook provides Sui apps with a shared onchain order book. The key question for $SUI holders is whether that liquidity can drive recurring trading activity and sustained demand for network fees.
has 4× as much stablecoin liquidity as $NEAR—so why is NEAR’s market cap higher?
The November 10 snapshot highlights different strengths: Sui has more liquidity on its own chain, while NEAR also routes activity across other networks.
**$SUI:**
- $421M in DeFi TVL
- $520M in stablecoins
- $156M in spot DEX volume over seven days
- Over 24 hours, DefiLlama recorded 146K active addresses, 68.8M transactions, and $2.3K in network fees
- Market cap: $3.38B
DeepBook provides Sui apps with a shared onchain order book. The key question for $SUI holders is whether that liquidity can drive recurring trading activity and sustained demand for network fees.
