Over the last month, SUI has seen a remarkable rise, surging by 111% and going from $0.742 to $2, approaching its all-time high.
This makes SUI one of the standout performers among the top 100 cryptocurrencies.
SUI SOARS 111% IN A MONTH, HITS SIX-MONTH HIGH
SUI has rocketed 111% in the past 30 days, climbing from $0.742 to $2, just below its all-time high.
This surge has made SUI one of the top performers among the top 100 cryptocurrencies, driven by the explosive growth of memecoins… pic.twitter.com/k3JfiektBd
— Crypto Town Hall (@Crypto_TownHall) October 5, 2024
A key factor in this surge has been the integration of $USDC, which has significantly boosted user activity on the platform.
Along with SUI’s impressive performance, memecoins like $AAA and $HIPPO have also seen notable gains, contributing to an uptick in network activity and an increase in total value locked (TVL), signaling strong momentum for SUI.
The Sui network’s DeFi activity has seen a sharp rise as well, with its TVL jumping 63%, surpassing $1 billion. This surge reflects growing interest from users in SUI’s offerings.
The SUI Protocol is increasingly being recognized for its next-gen scalability, low transaction costs, and its upcoming V3 Automated Market Maker (AMM), which is anticipated to make waves in the DeFi space.
🔥Top 5 Weekly Trending News (29 Sep – 05 Oct)
⏩ SUI Records 115% Monthly Gain Amid Memecoin Frenzy Following $USDC Integration$SUI has surged over 100 this month after $USDC integration boosted user activity. Memecoins like $AAA and $HIPPO also saw significant gains, with… pic.twitter.com/QMtCJgTxQE
— 0xMedia (@0xmediaco) October 5, 2024
SUI Attracts Top Developers Looking To Create A Project On The Platform
Developers are showing increased interest in SUI, with many looking to create decentralized applications (dApps) on the platform. The buzz around the V3 AMM launch is particularly strong, as it promises better liquidity and improved yield opportunities for DeFi participants.
The SUI Protocol is making waves with its next-gen scalability, low fees, and upcoming V3 AMM launch that promises to shake up the DeFi landscape.
Developers are flocking to build dApps, while key partnerships are boosting its ecosystem!The highly anticipated V3 AMM launch is…
— Sese 🐂🀄️ (@0xSese) October 4, 2024
With its unique design enabling high scalability and low-latency transactions, SUI is rapidly gaining attention among developers in the fast-changing crypto space. As the platform continues to secure new partnerships, it seems well-positioned for further growth, capitalizing on the ongoing memecoin craze while establishing itself as a dominant force in the DeFi sector.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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