{"id":569637,"date":"2024-01-15T18:00:36","date_gmt":"2024-01-15T18:00:36","guid":{"rendered":"https:\/\/wncen.com\/?p=569637"},"modified":"2024-01-15T13:38:37","modified_gmt":"2024-01-15T13:38:37","slug":"solid-tvl-slingshots-sui-price-to-break-1-for-new-all-time-high-details","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solid-tvl-slingshots-sui-price-to-break-1-for-new-all-time-high-details\/","title":{"rendered":"Solid TVL Slingshots SUI Price To Break $1 For New All-Time High – Details"},"content":{"rendered":"

Sui (SUI), a newcomer in the crypto sphere, is making waves as it tallied an impressive 87%<\/a> rally in the last seven days, pushing its price to reach $1.43 at the time of writing for a new record high. Its native token has outperformed Bitcoin, sparking renewed interest in the dormant DeFi scene.<\/p>\n

Sui’s remarkable success can be attributed to the remarkable surge in its Total Value Locked<\/a> (TVL), a key metric reflecting the amount of cryptocurrency locked into its decentralized finance (DeFi) protocols.<\/p>\n

\"\"<\/p>\n

Related Reading: Chainlink Rises 17% \u2013 Is LINK On Course To Hit $20 This Week?<\/a><\/div>\n

Over the course of the past week, the Sui network has witnessed an exponential increase in its TVL, reaching an astonishing figure of nearly $350 million. This achievement holds particular significance considering the relative youth of the platform in the competitive crypto landscape.<\/p>\n

Strong TVL Lifts SUI Price To New ATH<\/strong><\/h2>\n

The upswing in TVL is indicative of a robust and growing user base that is actively participating in Sui’s DeFi ecosystem. This surge in user engagement is a testament to the platform’s ability to attract and retain a diverse community of crypto enthusiasts.<\/p>\n

As users flock to leverage Sui’s offerings, the platform has become a focal point for investors seeking exposure to the burgeoning DeFi space.<\/p>\n

SUI currently trading at $1.3760 on the daily chart: TradingView.com<\/a><\/pre>\n
Meanwhile, Bitcoin<\/a>, the former heavyweight champion, is facing challenges. Despite the historic approval of spot ETFs, Bitcoin’s TVL is decreasing, reflecting a decline in its token price.<\/p>\n
SUI Ranks 3rd In Singapore Exchange<\/strong><\/h2>\n
However, Sui’s achievement goes beyond Bitcoin’s setback. The platform is gaining recognition, with industry leaders like the Singaporean exchange Jubi ranking Sui as the third most-searched token. This signals a surge in curiosity and potential demand. Additionally, an upcoming integration with DeFi powerhouse Solend is expected to further boost Sui’s momentum.<\/p>\n
\n
\ud83d\udcc8Most searched coins last week on #Jubi<\/a> (January 8 – January 14)<\/p>\n
\ud83d\udca5 $BTC<\/a> @Bitcoin<\/a>
\n\ud83d\udca5 $ETH<\/a> @ethereum<\/a>
\n\ud83d\udca5 $SUI<\/a> @SuiNetwork<\/a>
\n\ud83d\udca5 $METIS<\/a> @MetisDAO<\/a>
\n\ud83d\udca5 $ENS<\/a> @ensdomains<\/a>
\n\ud83d\udca5 $SOL<\/a> @solana<\/a><\/p>\n
\ud83e\udd70Which are your favorites?
\n\ud83d\udcb0Trade on Jubi: https:\/\/t.co\/wSzA3eNtht<\/a>#Crypto<\/a> #Bitcoin<\/a> #Ethererum<\/a>\u2026 pic.twitter.com\/fqdb7xY3RN<\/a><\/p>\n
\u2014 JUBI (@JBEXCOM) January 15, 2024<\/a><\/p><\/blockquote>\n
On-chain data shows Sui edging Bitcoin in TVL last week, securing a spot in the top 13 global blockchains. This unexpected success has sent shockwaves through the crypto community, propelling Sui up the price charts.<\/p>\n
\"\"Source: DefiLlama<\/pre>\n
Social Media Hype<\/strong><\/h3>\n
While Bitcoin’s TVL and price struggle, Sui is on a rapid ascent. Just 48 hours after surpassing $250 million, Sui broke through the $300 million barrier, showcasing rapid growth.<\/p>\n
Social media activity adds to the hype, especially with discussions around the impending Solend integration. With a current TVL of $335 million, Sui’s momentum is capturing global attention.<\/p>\n
Related Reading: Ethereum Takes Flight: $2,600 Breach Paves The Way For ETH Ascent To $3,000<\/a><\/div>\n
Despite the excitement, a word of caution is warranted. The crypto market is volatile, and Sui’s meteoric rise may be followed by a steep descent. Long-term sustainability is the true challenge, and only time will reveal if Sui can maintain its position.<\/p>\n
Featured image from<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Sui (SUI), a newcomer in the crypto sphere, is making waves as it tallied an impressive 87% rally in the last seven days, pushing its price to reach $1.43 at the time of writing for a new record high. Its native token has outperformed Bitcoin, sparking renewed interest in the dormant DeFi scene. Sui’s remarkable success can be attributed to the remarkable surge in its Total Value Locked (TVL), a key metric reflecting the amount of cryptocurrency locked into its decentralized finance (DeFi) protocols. Related Reading: Chainlink Rises 17% \u2013 Is LINK On Course To Hit $20 This Week? Over the course of the past week, the Sui network has witnessed an exponential increase in its TVL, reaching an astonishing figure of nearly $350 million. This achievement holds particular significance considering the relative youth of the platform in the competitive crypto landscape. Strong TVL Lifts SUI Price To New ATH The upswing in TVL is indicative of a robust and growing user base that is actively participating in Sui’s DeFi ecosystem. This surge in user engagement is a testament to the platform’s ability to attract and retain a diverse community of crypto enthusiasts. As users flock to leverage Sui’s offerings, the platform has become a focal point for investors seeking exposure to the burgeoning DeFi space. SUI currently trading at $1.3760 on the daily chart: TradingView.com Meanwhile, Bitcoin, the former heavyweight champion, is facing challenges. Despite the historic approval of spot ETFs, Bitcoin’s TVL is decreasing, reflecting a decline in its token price. SUI Ranks 3rd In Singapore Exchange However, Sui’s achievement goes beyond Bitcoin’s setback. The platform is gaining recognition, with industry leaders like the Singaporean exchange Jubi ranking Sui as the third most-searched token. This signals a surge in curiosity and potential demand. Additionally, an upcoming integration with DeFi powerhouse Solend is expected to further boost Sui’s momentum. \ud83d\udcc8Most searched coins last week on #Jubi (January 8 – January 14) \ud83d\udca5 $BTC @Bitcoin \ud83d\udca5 $ETH @ethereum \ud83d\udca5 $SUI @SuiNetwork \ud83d\udca5 $METIS @MetisDAO \ud83d\udca5 $ENS @ensdomains \ud83d\udca5 $SOL @solana \ud83e\udd70Which are your favorites? \ud83d\udcb0Trade on Jubi: https:\/\/t.co\/wSzA3eNtht#Crypto #Bitcoin #Ethererum\u2026 pic.twitter.com\/fqdb7xY3RN \u2014 JUBI (@JBEXCOM) January 15, 2024 On-chain data shows Sui edging Bitcoin in TVL last week, securing a spot in the top 13 global blockchains. This unexpected success has sent shockwaves through the crypto community, propelling Sui up the price charts. Source: DefiLlama Social Media Hype While Bitcoin’s TVL and price struggle, Sui is on a rapid ascent. Just 48 hours after surpassing $250 million, Sui broke through the $300 million barrier, showcasing rapid growth. Social media activity adds to the hype, especially with discussions around the impending Solend integration. With a current TVL of $335 million, Sui’s momentum is capturing global attention. Related Reading: Ethereum Takes Flight: $2,600 Breach Paves The Way For ETH Ascent To $3,000 Despite the excitement, a word of caution is warranted. The crypto market is volatile, and Sui’s meteoric rise may be followed by a steep descent. Long-term sustainability is the true challenge, and only time will reveal if Sui can maintain its position. Featured image from<\/p>\n","protected":false},"author":557,"featured_media":569649,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,87261,88213,88413,88414],"class_list":["post-569637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-sui","tag-sui-network","tag-sui-price","tag-suiusd"],"acf":[],"yoast_head":"\nSolid TVL Slingshots SUI Price To Break $1 For New All-Time High - Details<\/title>\n<meta name=\"description\" content=\"Sui (SUI), a newcomer in the crypto sphere, is making waves as it tallied an impressive 87% rally in the last seven days, pushing its price to reach $1.43\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/solid-tvl-slingshots-sui-price-to-break-1-for-new-all-time-high-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solid TVL Slingshots SUI Price To Break $1 For New All-Time High - 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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