Browsing:SUI

Wormhole data shows nearly $310 million in assets bridged from Ethereum to Sui over the last month
2 months ago 3 mins read

Sui Revealed as Top Destination for DeFi Inflows Over the Last 30 Days

Grand Cayman, Cayman Islands, February 15th, 2024 Wormhole data shows nearly $310 million in assets bridged from Ethereum to Sui over the last month — more than all other blockchains combined. Sui, a Layer 1 blockchain that has experienced explosive growth since its inception nine months ago, is seeing a substantial migration of funds from Ethereum to the Sui ecosystem, with nearly $310 million worth of assets flowing through the Wormhole Portal in the past 30 days. The data is issued by wormholescan.io, which tracks the flow of funds through Wormhole, one of the most important cross-chain bridges for wrapped tokens

Sui’s TVL surged more than 1500%
2 months ago 1 min read

Sui (SUI) TVL surpasses $500 million, solidifying itself in the top 10 of DeFi ecosystems

Sui’s Total Value Locked (TVL) increased by more than 1500% in the final five months of 2023 and has more than doubled since the beginning of 2024. Sui, one of the fastest-growing Layer 1 blockchains, has maintained its remarkable DeFi growth, surpassing $500 million in TVL and securing its place in the top 10 DeFi ecosystems. On-chain activity has skyrocketed in tandem with TVL’s wild ascent. With a weekly DeFi volume of $745 million, it is up 63% from the previous period and ranks among the top 5 most active ecosystems of the previous week. Sui’s steady ascent shows how

Sui (SUI) Rockets to All-Time High
2 months ago 1 min read

Sui (SUI) value has exploded by over 90% in the past 28 days

Sui’s (SUI) rise is further supported by rising Total Value Locked (TVL) metrics within the Sui network and a remarkable increase in on-chain trading volume. According to DefiLlama data, TVL has reached an all-time high of around $420 million, demonstrating growing confidence and engagement in the Sui ecosystem. Furthermore, trading volume has remained consistently high, with the last recorded dip below $50 million occurring on January 25. Crucially, SUI’s remarkable rise coincides with a broader market recovery. Leading cryptocurrencies have seen significant gains in the last 24 hours. Bitcoin (BTC) reached a three-week high near $44,000, while Ethereum (ETH) comfortably

Sui Foundation and Mysten Labs Debut Sui Basecamp, the First Ever Global Conference for Sui
3 months ago 3 mins read

Sui Foundation and Mysten Labs Debut Sui Basecamp, the First Ever Global Conference for Sui

Palo Alto, USA, January 23rd, 2024 Inaugural Sui ecosystem event comes to Paris April 10-11, 2024 Today, Sui Foundation and Mysten Labs announced Sui Basecamp, the first global conference dedicated to the Sui ecosystem, and a celebration of the builders and entrepreneurs building on Sui, the Layer 1 blockchain and smart contract platform the initial contributors of which are the technology team that emerged from Diem, Meta’s blockchain project. A premier event for the broader web3 ecosystem, Sui Basecamp will take place in Paris on Wednesday, April 10th and Thursday, April 11th 2024, and will feature builders and partners from

SEI Token Rockets Over 80%
3 months ago 1 min read

SEI Token Rockets Over 80%: What’s Fueling the Altcoin’s Rise in 2024?

The price of Sei tokens has skyrocketed in 2024, driven by a surge in demand that has propelled it to an all-time high of $0.80. This surge represents a staggering 700% increase from its 2023 low, cementing its position as one of the world’s most sought-after cryptocurrencies. Sei has emerged as a standout player in the crypto landscape, with a current market value of more than $1.7 billion. Sei tokens made a significant impact in the futures market, with open interest exceeding $160 million shortly after their August launch. This achievement coincided with the platform’s pledge to become carbon neutral,

SUI crypto is a project that has garnered recent attention in the crypto market
10 months ago 2 mins read

SUI Price Prediction: Limited Supply and Upcoming Coin Releases Could Lead to a Price Pump

SUI is a project that has garnered recent attention in the crypto market, presenting an intriguing case for technical analysis. In this article, we will delve into the potential future movements of SUI and analyze key factors that may impact its price. From the limited supply dynamics to upcoming coin releases, we’ll explore the possibilities and highlight significant resistance levels that could influence a price pump. Read on to gain insights into the potential future of SUI. Limited Supply Dynamics and Influence on Price One notable aspect of SUI is its limited supply, with only 6% of the maximum possible