SUI price hits ATH follows a spike in trading volume, indicating strong demand and increased network activity on the Sui blockchain.
Blockchain network at the layer one level Sui is currently in the spotlight, as the price of SUI has reached a new all-time peak above $5, a 20% increase.
The significant 180% increase in daily trading volumes to $2.3 billion suggests that the strong bullish trajectory is likely to persist in 2025, with analysts predicting that it will reach $10 or higher.
As TVL Surpasses $4 billion, SUI Anticipates Price Increase To $10
SUI is currently one of the most successful altcoins, having experienced a significant 20% increase and reaching an all-time peak of $5.15.
Consequently, the altcoin has surpassed Chainlink (LINK) and Toncoin (TON) to secure the 12th position with a market capitalization of $15.5 billion.
The crypto could soon enter the top ten cryptocurrencies by market cap if the SUI price rally persists.
Additionally, the substantial increase in SUI trading volumes suggests that there is a robust demand for the altcoin.
SUI price has experienced a 10x increase from its minimum of $0.55 in August 2024, a phenomenon that can be attributed to a variety of factors.
The total value locked (TVL) on the Sui blockchain has reached $3.84 billion, according to data from DeFiLlama.
The rapid attainment of this milestone is indicative of the platform’s robust user adoption and trust.
The Layer-1 blockchain’s dedication to providing a user-friendly blockchain experience that is comparable to the accessibility of conventional internet services is another factor contributing to the significant increase in SUI prices.
The technological potential of the platform has ignited significant market fervor.
Additionally, there have been discussions regarding the comparative merits of SUI and Solana, with numerous individuals emphasizing the areas in which SUI may have an advantage.
Partnerships, Significant Developments
The Mysticeti consensus engine and the Narwhal-Bullshark-Tusk mechanism are among the revolutionary innovations that have been implemented on the Sui blockchain.
They contribute to the acceleration of transaction velocities and the substantial reduction of latency.
These developments render Sui the preferable option for high-throughput applications in gaming and decentralized finance (DeFi).
Additionally, Sui’s capacity to execute transactions concurrently provides it with a competitive advantage over other blockchains.
Conversely, the platform has capitalized on strategic partnerships to facilitate future expansion.
In order to increase liquidity and adoption, this involves a partnership with Circle to integrate USDC stablecoin.
Conversely, the SUI price has experienced a surge as a result of ecosystem advancements, including the Sui Bridge for cross-chain interoperability and Sui Play for gaming, which has increased the platform’s utility.
DeepBook (DEEP) – Sui Protocol To Monitor For Significant Returns
Although the SUI price experienced a 20% increase today, the DeepBook protocol, which operates on the Sui blockchain, experienced a remarkable 30% increase, exceeding $432 million in market capitalization.
According to the reports from 10X Research, DeepBook (DEEP) may be one of the most prominent altcoins in 2025.
The altcoin market value is anticipated to reach $7 trillion in 2025, and DEEP may have a portion of this market.
DEEP, the native token of DeepBook, is a sophisticated liquidity layer that is constructed on the Sui blockchain.
It provides a scalable and flexible trading infrastructure by combining the features of a Central Limit Order Book (CLOB) with decentralized finance (DeFi).
