According to ChainCatcher, data shows that SUI has risen by about 185% so far this year and hit a record high. Analysis points out that several factors have contributed to Sui's development, including the expansion of its DeFi ecosystem and the growing stablecoin market.

According to DeFillama data, Sui's on-chain DEX weekly trading volume increased by about 50% to $1.45 billion, and the current TVL is $1.182 billion. With the help of the Meme coin boom and the launch of USDC on the network, Sui has entered the top ten blockchains in TVL rankings.

Observers also pointed out that institutional interest in Sui has driven the rise of its tokens, such as Grayscale's previous launch of the Sui Investment Trust Fund.