Sui’s TVL surges to $1.8B, ranking third among non-EVM chains in DeFi activity
Stablecoin supply on Sui triples in 2024, signaling rising user trust and liquidity
SUI price nears $2.50 support as RSI dips, setting stage for possible breakout move
The Sui (SUI) ecosystem continues to show impressive fundamental strength, even as its native token has seen a notable price correction. A deep dive into the data reveals a significant disconnect between the network’s booming on-chain activity and its recent price action, a dynamic that some analysts see as a potential long-term opportunity.
Renowned market analyst Michaël van de Poppe recently highlighted Sui as one of the most promising non-EVM blockchain projects, citing its rapid growth and signs of technical resilience.
Sui’s On-Chain Growth Accelerates as Key Metrics Soar
Sui has shown remarkable expansion across multiple on-chain metrics. Stablecoin holdings on the network have tripled since January, surging from $400 million to nearly $1.2 billion.
This tripling in supply reflects growing user trust and liquidity flowing into the ecosystem. Moreover, total value locked (TVL) now stands at $1.8 bil…
The post Sui Price Prediction: SUI Eyes Breakout Above $3.30 appeared first on Coin Edition.
