Sui price set to soar as funding rate, DeFi assets surge

Sui price is slowly forming a bullish flag and a golden cross, pointing to a strong breakout as its funding rate turns positive and decentralized finance assets jump.

Sui #MarketPullback $6.1%Sui token was trading at $3.40 on Saturday, up by 94% from its highest level in April this year. 

Third-party data shows that Sui has become one of the fastest-growing players in the crypto industry this year. The amount of assets locked in its decentralized exchange network has jumped by 40% in the last 30 days, to $2.45 billion. 

This growth has made it the 9th biggest blockchain in the industry, bigger than popular networks like Avalanche avax-1.26%Avalanche, Polygon (POL), and Cardano. 

Further data shows that Sui’s stablecoin market cap has jumped to $897 million, meaning that it may soon cross the $1 billion milestone. The number of stablecoins in a blockchain network is a positive sign as it shows that users are

SUI

3.3846

+4.6%

actively interacting with it. #USHouseMarketStructureDraft