SUI has climbed significantly in value since 2024, demonstrating a strong bullish trend in the market. Market analysts have expressed positive confidence in the future of the digital currency and expect its bullish wave to continue. This trend has aroused widespread interest from investors and promoted SUI’s widespread attention in the DeFi field.
Payment infrastructure provider Banxa has announced that it will add the SUI token to its platform. According to the team, the integration will increase access to the Sui blockchain for users around the world through Banxa’s global and local payment methods. Banxa has processed more than $3 billion in transactions since 2014.
According to TechFlow, the TVL of Sui ecosystem decentralized exchange Turbos increased by 200% in 30 days, becoming the native DEX with the fastest TVL growth rate in Sui ecosystem in 30 days. Turbos Finance is the first decentralized zero-slippage perpetual contract trading and spot exchange built on Sui, and is also the only DEX project in Sui ecosystem invested by Mysten Labs and Jump Crypto.
What is SUI
Sui (SUI) is an unparalleled blockchain and smart contract platform that aims to revolutionize the digital asset ownership scenario. It is designed with an object-centric model that enables parallel execution and sub-second finalization, resulting in a faster and more efficient digital asset transfer process. Sui's highly scalable processing and storage is also a standout feature, allowing a wide range of applications to enjoy lightning-fast transaction speeds at a much lower cost.
One of Sui's most important attractions is its horizontal scalability, which eliminates bottlenecks by processing multiple groups of transactions in parallel. Compared to earlier blockchains, this unique approach provides much-needed distinctions between various objects, resources, accounts, and other components. In addition, Sui's object-centric perspective and horizontal scalability make it highly composable, making it easy to pass assets such as NFTs directly into function parameters.
SUI Price Prediction
As of now, Sui (SUI) is trading in a price range of $0.86 to $1.5. Its 10-day moving average is $1.2 and its 100-day moving average is $1.03. The coin has successfully established support at $0.47 and is facing resistance at $1.75 and $2.39.
Token Status
The total supply of Sui is 10 billion, 48% of which are reserved for the ecosystem, 20% for private investors, 20% for the team, 9% for the foundation, and 3% for Binance Launchpool. Currently, the circulation is mainly in the ecosystem, the foundation and Launchpool, with a circulation rate of 11%.
The current market value is $1.515 billion, FDV is $13.759 billion, and the 24-hour trading volume is $745 million. The main trading venues are Binance (25.72%), Upbit (20.68%), and OKX (12.41%). In the "Sei's Accelerated Development: Parallel EVM New Narrative Superimposed Active Operations" published by LD Capital Research on January 12, the data between the new public chains were compared. Sui's market value is lower than Aptos and Sei. In terms of TVL of Defi applications, Sui is higher than Aptos and much higher than Sei.
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