Sui soars with SEC approval of first 2x leveraged ETF, achieving new highs

The price of Sui (SUI) is surging following the SEC’s approval of the first 2x leveraged SUI ETF, known as TXXS. This groundbreaking move marks a historic step for the Sui network and opens up regulated access to the platform for US investors. The launch coincides with strong transaction growth on the Sui network, demonstrating its growing popularity among users. 28.2% transaction growth over the past three months puts Sui ahead of rivals like Polygon, Arbitrum, and Aptos. Trading volume continues to rise, contributing to a bullish market trend that has seen SUI climb back above key support levels.