SUI

Strong Price Surge

* Grayscale Fund Positive: Grayscale recently released a report favoring Sui, believing it is building key infrastructure connecting Web2 and Web3, and has launched the SUI Trust Fund. The market speculates that it may apply for a spot ETF in the future, which is considered one of the important reasons for the recent price increase.

* Ecosystem Development: The Total Value Locked (TVL) in DeFi within the Sui ecosystem has significantly increased, and DEX trading volume has also surged. Many Sui ecosystem tokens have seen a rise of over 100% recently, indicating a thriving ecosystem overall.

* Partnerships and Integrations: Mysten Labs announced the integration of PassKeys, and in the future, Sui will allow the use of Face ID and fingerprint approval for smart contracts. The Bitcoin re-staking platform SatLayer is also collaborating with Sui to advance the development of BTCFi.