#SUIš„
Sui Bridge Goes Live: A New Era of Interoperability!
On October 25, 2024, Sui Network announced that the Sui Bridge is now live on Mainnet. This is a pivotal step for the Sui ecosystem, improving its interoperability by enabling secure asset transfers between Sui and Ethereum. By supporting ETH and WETH transfers, Sui Bridge strengthens the DeFi ecosystem on Sui, attracting more liquidity and users.
Secured by Suiās validators, the bridge ensures robust security, allowing users to manage their assets with confidence.
Additionally, updates to Suiās apps will help users identify and manage different versions of bridged assets, improving the overall experience. As more assets and functionality are added, Sui Bridge is in line with crypto market trends that emphasize greater ecosystem connectivity and growth.
In the last 13 days, SUI has seen a 17% price surge, rising from $1.927 to $2.255 between October 25 and November 7, 2024, following the bridge announcement. Analysts remain bullish, with predictions suggesting the DeFi coin could reach $3.11 by December.