SUI Price Explodes Amidst DeFi Boom and Stablecoin Surge

Despite a challenging market landscape, SUI coin experienced a surge to $3.36, highlighting rising activity within its ecosystem. Fueled by increased decentralized finance (DeFi) engagement and significant capital influx, the platform saw TVL reach $1.46 billion and witnessed a spike in stablecoin and DEX trading volume. This demonstrates strong user participation as SUI’s native token hit a 3-month high of $3.36 on Thursday.