SUI’s decentralized exchange (DEX) has experienced explosive growth, registering a 89.88% surge in volume to reach $90.79 billion. This impressive increase reflects surging user activity on the platform. However, despite this remarkable growth, trader sentiment remains cautious, with hesitation lingering despite growing social buzz and ecosystem expansion. This reluctance is reflected in weak derivatives data, which has fallen 19.65%, indicating a lack of confidence in leveraged positions. While trading volume shows promise, price action paints a more nuanced picture, as SUI’s price currently sits below $4.00 after a 5.36% drop on the day. This discrepancy highlights the delicate balance between growth and apprehension. Despite this hesitation, Cetis Protocol has established dominance in SUI’s DEX market with over 58% of volume, suggesting strong user engagement. However, this hasn’t translated to immediate price gains, as SUI trades near $3.72, down from its peak. While short positions offer potential squeeze opportunities, most traders are cautious due to flat funding rates and a lack of extreme leverage, creating a hesitant market. This delicate tension remains as the market waits for further clarity and a surge in confidence before breaking into a full-fledged price rally. The future remains uncertain but SUI’s story is far from over