Rise of SUI in the Non-EVM Blockchain Market

Rise of SUI in the Non-EVM Blockchain Market

user avatar

by Giorgi Kostiuk

2 years ago

SUI cryptocurrency strengthens its presence in the blockchain ecosystem, capturing a notable share in non-EVM TVL and showing consistent growth in its lending protocols.

SUI's Share in Non-EVM TVL

SUI crypto has notably secured 10% of the total non-EVM TVL, amounting to approximately $2.37 billion. This places SUI prominently among other significant chains, with Solana and Bitcoin leading at 36.87% and 27.23% respectively. SUI’s impressive stake in the non-EVM sector highlights its growing importance and its potential to significantly impact the broader blockchain ecosystem.

Growth of SUI Lending Protocols

The chart showcases significant growth in SUI’s lending protocols, with Navi Protocol leading by lending out $215 million. This underscores Navi’s robust position in the SUI ecosystem, attracting a majority of liquidity.

Potential for Altcoins to Surpass Bitcoin

Based on the Altcoin Season Index, the recent increase in Bitcoin’s price from $89k to $97k suggests a potential short-term recovery for altcoins, including SUI. Activity within the SUI ecosystem suggests increased investor confidence and participation.

SUI's development and activity in the non-EVM space position it as a significant player in the crypto market, with the potential to strengthen its standing among altcoins.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Richard Heart Detained in Istanbul Linked to Finnish Tax Investigation

Richard Heart, founder of HEX and PulseChain, has been detained by Turkish authorities in connection with a Finnish tax investigation.

user avatarJacob Williams

TD Cowen Increases Strive's Share Price Target Amid Bitcoin Holdings Surge

TD Cowen analysts raised Strive's share price target from 44 to 56 due to significant expansion of Bitcoin holdings to 35,595 BTC, noted in a research update on October 16.

user avatarZainab Kamara

Tether Invests in AI Infrastructure Startup AIsa

Tether has invested in AI infrastructure startup AIsa, contributing to its total funding of over $9 million to support autonomous AI applications.

user avatarSon Min-ho

Taiwan Restricts Access to Coinbase and Kalshi Ahead of Elections

Taiwanese authorities have restricted access to Coinbase and Kalshi websites due to concerns over election betting.

user avatarTando Nkube

Strategy Proposes Daily Dividends for STRC Preferred Stock

Strategy has conditionally declared daily dividends for its STRC preferred stock for November 2026, pending shareholder approval.

user avatarKofi Adjeman

Ripple Prime Expands Institutional Trading with New Derivatives Access

Ripple Prime introduces access to perpetual derivatives referencing traditional assets for eligible institutional clients.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.