Sui (SUI) has experienced a notable price increase, and on-chain analysis points to significant growth in Total Value Locked (TVL) and Decentralized Exchange (DEX) trading volume as key drivers. TVL Growth Fuels Sui Price According to Lookonchain's analysis, Sui's TVL has surged to $1.645 billion, representing a substantial 38% increase in just one week. This influx of assets locked within the Sui ecosystem indicates growing confidence and activity. DEX Trading Volume Skyrockets Concurrently, Sui's DEX trading volume has exploded, reaching $599 million in the same seven-day period. This marks an impressive 177% increase, suggesting heightened user engagement and liquidity within the Sui network. Stablecoin Growth Reinforces Momentum Furthermore, the issuance of SUI stablecoins has seen consistent growth over the past two months, increasing by 82% from $482 million to $879 million. This expansion provides further evidence of a strengthening Sui ecosystem and contributes to the positive price momentum. The increase in TVL, DEX volume and stablecoin growth shows a strong and healthy ecosystem. ```