SUI Token Surges 3% as TVL Tops $2B, Institutional Products Launch, and Interoperability Grows

SUIUSDT has experienced a 3.00% price increase over the past 24 hours, with the current price at $3.8532 and a 24-hour open of $3.7410 on Binance. The recent price appreciation is primarily attributed to strong ecosystem developments, including Sui network’s total value locked (TVL) surpassing $2 billion, record daily stablecoin transfers, and the launch of new institutional products such as VanEck’s SUI offering and Grayscale’s SUI Trust. Additional positive sentiment has been driven by interoperability enhancements, such as NEAR Intents integration for cross-chain swaps, and major community initiatives like the Ika token airdrop. Market activity remains robust, with a 24-hour trading volume of $1.12 billion and SUI maintaining a market capitalization of approximately $13.27 billion, placing it among the top cryptocurrencies by market cap.