The Future of Sui: Accelerated Growth and Promising Price Predictions
Based on the latest news and analyses for SUI (as of July 20, 2025), here’s a summary of the key developments and forecasts:
Recent News and Developments (Summer 2025):
* Price and Performance Increase: The SUI currency has seen a noticeable increase in its performance recently. It rose by 11.01% over the past week, increased by 32.95% monthly, and achieved an astonishing rise of 352.01% over the past year. This strong performance allows it to outperform the average performance of other layer one networks.
* Ecosystem and TVL Growth: The Sui ecosystem continues to expand, and the total value locked (TVL) on the Sui network has surpassed the $2.2 billion mark, recording its highest level ever. This growth reflects increased adoption and activity on the network.
* Community Support and Funding: The Sui community approved a proposal to unfreeze assets worth over $160 million to support compensations for victims of the Cetus hack, reflecting the strength and commitment of the community.
* Launch of the Multi-Party Parallel Computing Network (Ika): The Ika network, a multi-party parallel computing network within the Sui ecosystem, has launched an airdrop eligibility program for its token, indicating further expansion of applications on Sui.
* Targeting Resistance Areas: Many technical analyses indicate that SUI is targeting key resistance areas, with expectations of the price reaching $5 or more.
