- Sui ecosystem tokens, including SUI, are surging, with SUI up 73.7% in the last 7 days.
- DeepBook (DEEP) and Cetus Protocol (CETUS) have gained 104.4% and 105.0% respectively, contributing to the ecosystem’s strong performance.
- Increased total value locked (TVL) and recent developments driving this surge, with upcoming events like Sui Basecamp in May 2025 adding to the momentum.
The Sui ecosystem is currently outperforming the altcoin market, with $SUI leading the charge. As of today, SUI has seen a remarkable 73.7% increase over the past week, trading at $3.70 with a market cap of $12 billion.
SUI Token
SUI, the native token of the Sui network, has been the star performer, with a 73.7% surge over the past 7 days. Currently, it trades at $3.70, boasting a market cap of $12,034,837,605 and a 24-hour trading volume of $4,242,526,468. This performance is notable, especially when compared to the global cryptocurrency market, which is up 9.8%, and similar Smart Contract Platform cryptocurrencies, up 11.6%.
The rally is supported by a significant increase in the ecosystem’s total value locked (TVL), which has surged over 20% in the last 24 hours to reach $1.52 billion. This indicates growing confidence among investors, particularly in DeFi protocols like Suilend, NAVI, and Cetus, which are driving activity within the network.
Sui Ecosystem Tokens
The surge isn’t limited to SUI; other tokens within the ecosystem are also experiencing significant gains. Below is a table summarizing the performance of top Sui ecosystem tokens as of today, based on data from CoinGecko:
| Coin | Price | 24h Change | 7d Change | 30d Change | 24h Volume | Market Cap |
|---|---|---|---|---|---|---|
| Sui (SUI) | $3.70 | 19.6% | 73.7% | 41.6% | $4,242,526,468 | $12,034,837,605 |
| DeepBook (DEEP) | $0.1799 | 12.7% | 104.4% | 89.2% | $265,920,671 | $448,688,875 |
| Cetus Protocol (CETUS) | $0.2021 | 25.3% | 105.0% | 62.4% | $273,575,008 | $144,760,115 |
| Walrus (WAL) | $0.5782 | 10.3% | 47.4% | – | $106,720,423 | $722,762,496 |
| Suilend (SEND) | $0.8187 | 53.2% | 94.3% | 15.3% | $11,189,886 | $39,951,505 |
This table highlights the broad-based rally, with $DEEP and $CETUS showing particularly strong 7-day gains of 104.4% and 105.0%, respectively.
Even meme coins like $WAL have seen a 47.4% increase, suggesting widespread interest across different token types.
Reasons for the Surge
First, the overall crypto market has been bullish, with Bitcoin’s rise lifting many altcoins. However, Sui’s performance seems to go beyond market trends, driven by specific ecosystem developments.
The ecosystem’s TVL surge, as mentioned earlier, and the integration of AI and DePIN projects, are also contributing to the positive sentiment. Sui is evolving rapidly, attracting developers and users, which could sustain the rally.
Upcoming events like Sui Basecamp in Dubai, expected to host over 1,100 participants, could further boost the ecosystem. This event, scheduled for May 1-2, 2025, is anticipated to feature major announcements, potentially driving further interest and investment.
© 2024 Cryptopress. For informational purposes only, not offered as advice of any kind.
