SUI Price Holds Steady Amidst DeFi Growth and Institutional Interest

SUI price has stabilized around $3.48, increasing by 1.7% over the past 24 hours. This follows a strong July performance that saw SUI prices surge past $4,500 before retracting slightly. The stablecoin ecosystem is driving this growth, with DeFi applications and growing institutional investment fueling continued activity in the altcoin market. Futures trading volume has increased by 1.17%, indicating active market participation from traders. Open interest has dipped slightly, possibly due to profit-taking as traders cautiously reposition themselves.