Sui’s $2.4 Billion Surge: What’s Driving Growth in Stablecoin Inflows?

The Sui blockchain has seen a remarkable surge, exceeding $2.4 billion in stablecoin inflows within just 24 hours. This spike propelled it to the top spot in stablecoin flows, surpassing both Aptos and Ethereum. Experts attribute this rapid rise to various factors: expanding DeFi applications, increasing institutional interest, and new projects launching on the network. These factors contribute to increased liquidity, stronger user activity, and fresh capital flowing into Sui. Analysts are closely watching this growth as it indicates growing trust and confidence in the blockchain ecosystem.