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Sui’s SUI Token Hits New ATH, TVL Exceeds $1 Billion


by Ikemefula Aruogu
for CoinEdition
SUI Surges: Sets New ATH in TVL and Transaction Volume
  • Sui is setting records and creating new milestones.
  • The blockchain token reached new ATH in price and TVL.
  • SUI’s growth presents a challenge to Ethereum’s EVM.

Sui, the layer-1 blockchain known for transaction finality and high-speed throughput, is on a roll, setting records and creating new milestones. The blockchain’s native token, SUI, has reached a new all-time high (ATH), and its total value locked (TVL) has also set a record.

Last Sunday, SUI’s price hit $2.661, a new high for the layer-1 blockchain’s native token. SUI’s ATH comes after a significant rally that saw the altcoin gain over 400% in about two months. At the same time, the blockchain’s TVL has surged, reaching $1.135 billion for the first time, according to data from DeFiLlama, a DeFi analytics platform.

SUI Enters the Top 20 Cryptocurrencies

This recent surge has affected every aspect of Sui’s native blockchain structure. The crypto asset’s market capitalization reached a record $6.47 billion before falling slightly to $5.65 billion at the time of writing. With this growth, SUI jumped into the top 20 cryptocurrencies, ranking 18th as of press time, according to data from …

The post Sui’s SUI Token Hits New ATH, TVL Exceeds $1 Billion appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Sui’s SUI Token Hits New ATH, TVL Exceeds $1 Billion


by Ikemefula Aruogu
for CoinEdition
SUI Surges: Sets New ATH in TVL and Transaction Volume
  • Sui is setting records and creating new milestones.
  • The blockchain token reached new ATH in price and TVL.
  • SUI’s growth presents a challenge to Ethereum’s EVM.

Sui, the layer-1 blockchain known for transaction finality and high-speed throughput, is on a roll, setting records and creating new milestones. The blockchain’s native token, SUI, has reached a new all-time high (ATH), and its total value locked (TVL) has also set a record.

Last Sunday, SUI’s price hit $2.661, a new high for the layer-1 blockchain’s native token. SUI’s ATH comes after a significant rally that saw the altcoin gain over 400% in about two months. At the same time, the blockchain’s TVL has surged, reaching $1.135 billion for the first time, according to data from DeFiLlama, a DeFi analytics platform.

SUI Enters the Top 20 Cryptocurrencies

This recent surge has affected every aspect of Sui’s native blockchain structure. The crypto asset’s market capitalization reached a record $6.47 billion before falling slightly to $5.65 billion at the time of writing. With this growth, SUI jumped into the top 20 cryptocurrencies, ranking 18th as of press time, according to data from …

The post Sui’s SUI Token Hits New ATH, TVL Exceeds $1 Billion appeared first on Coin Edition.

Read the article at CoinEdition

Read More

BlackRock Buys More Ethereum Than Bitcoin, Signaling Big Shift Toward Altcoins

BlackRock Buys More Ethereum Than Bitcoin, Signaling Big Shift Toward Altcoins

BlackRock has purchased over $547 million worth of Ethereum, exceeding its Bitcoin in...
Altcoins Rise as ETH Breaks Out, XRP Nears All-Time Highs

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Ethereum has seized control of the cryptocurrency market, soaring more than 50% since...