News

SUI Skyrockets 111% In Just 30 Days Amid Memecoin Hype

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.

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.

Related Post

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.

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.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: loft39studio/123RF // Image Effects by Colorcinch

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

These 3 Cryptos Might Rival Solana, Offering Growth Potential For Investors

Solana's (SOL) meteoric rise surprised the crypto world, leaving many investors feeling they missed out…

1 hour ago

SOL Market Cap Hits $100 Billion as Possible Infinaeon Long-Term Price Targets Surge

The SOL price has surged to well over $200 as its market capitalization exceeded $100…

2 hours ago

XRP Price Prediction: Ripple Could Hit $3 as in 2018 Soon, but RCOF Could Rise Above it from $0.05

When the XRP price shot past $3 in 2018, it carved its place as a…

2 hours ago

BlockDAG’s 100% Bonus Energizes the Market & Cutoshi’s Presale Surges

BlockDAG Drops a Huge 100% Bonus in the Bull Run As Cutoshi Presale Heats Up!…

5 hours ago

Solana Meme Coin Duo PNUT and ACT Rocket On Binance Listings, Could This Altcoin Be Next?  

Memes have been on fire lately, with Solana newcomers Peanut The Squirrel and Act 1:…

6 hours ago

Cardano Price Rockets 50% in a Week! Experts Reveal the Next Crypto to Watch

Cardano price has lit up the crypto world with a dramatic 50% price surge that…

6 hours ago