Sui Network Token SUI Soars 70% in a Single Week, Driven by Ecosystem Growth

The cryptocurrency market is witnessing a resurgence this week, with Bitcoin (BTC) breaking above $94,000. Meanwhile, Ethereum (ETH), XRP, BNB, Avalanche (AVAX), and Solana (SOL) are showing relative stability. The rise in interest has sparked attention towards Sui Network’s native token SUI, which experienced a remarkable 70% gain over the past week alone. This surge can be attributed to several factors: 24-hour trading volume of DEXs on the network is up 177%, reaching $599 million, and TVL for the Sui blockchain has climbed by 38% to over $1.6 billion last week. Stablecoin values also experienced a significant boost, growing from $482 million to $879 million in just two months.