Sui Coin has been making significant waves in the crypto market. Starting with its choice over Solana to host the DePIN, this growing blockchain has shown serious long-term potential, despite acknowledging some potential hurdles. Sui has overtaken other popular cryptos such as Aptos and Cardano in value locked, even seeing a $310M inflow within 30 days. Additionally, Sui has become a top 10 DeFi blockchain in less than a year.
However, Sui has not been without challenges. The coin has suffered a 45% loss from its $2.18 all-time high and experienced a 40% crash. Despite this, Sui showed resilience, even managing to hit the $2 mark after a 17% surge within 24 hours. Recently, Sui network addressed claims about its token supply, clarifying that the coins were locked within third-party custodians and cannot be moved.
Several high-profile partnerships and integrations, including with Copper and Zero Hash, have aimed to enhance institutional finance accessibility and blockchain accessibility, respectively. Sui also breaks records by outperforming Solana in stress test transactions, and it has launched the first native, non-wrapped stablecoin - $FDUSD. Another significant development was that Sui crossed the threshold of surpassing 1 million daily active wallets. Furthermore, new initiatives, such as the Sui Overflow Hackathon with its whopping funding pool of $1,000,000, reveal future potentials of Sui.
SUI Coin News Analytics from Tue, 16 Jan 2024 08:00:00 GMT to Thu, 18 Jul 2024 11:19:30 GMT -
Rating -2
- Innovation 8
- Information 8
- Rumor 6
