SUI Token Surges 3.56% as DeFi TVL Hits $2.2B and Nasdaq Files for Spot ETF

SUIUSDT has experienced a 3.56% price increase over the past 24 hours, with the current price at 3.9947 USDT on Binance. This upward movement is primarily attributed to record-breaking growth in Sui’s DeFi ecosystem, including a surge in Total Value Locked (TVL) to over $2.20 billion and a 145% increase in daily active users, reflecting heightened user engagement and capital inflow. Additional positive sentiment stems from increased institutional interest, highlighted by Nasdaq’s recent 19b-4 filing for a spot SUI ETF, and robust activity in the derivatives market, where open interest for SUI futures reached $1.73 billion.

The SUI/USDT market has seen strong trading activity, with a 24-hour volume of approximately 345.10 million USDT on Binance and the price ranging between 3.8574 and 4.11 USDT. SUI’s market capitalization is now estimated at around $13.78 billion to $14.00 billion, supported by a circulating supply of about 3.46 to 3.5 billion tokens. The combination of network growth, increased user participation, and institutional developments has contributed to the recent price appreciation and elevated market interest.