Sui's cryptocurrency price surged 12% in the last 24 hours, reaching $1.53, fueled by a $2.4 billion influx in stablecoin trading on its blockchain. This surge coincides with a 4.46% increase in the total value locked (TVL) in Sui's DeFi sector, now surpassing $1.006 billion, indicating heightened investor interest.
The market anticipates further activity with the upcoming launch of SUI futures on Coinbase and the introduction of the GSUI Trust by Grayscale, which are expected to drive additional engagement and investment in the Sui ecosystem.
Sui Price Jumps 12% as TVL Exceeds $1 Billion
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