SUI Leads DeFi, Surpassing NEAR

by Giorgi Kostiuk

2 years ago

Sui Network has shown significant market success, surpassing NEAR in DeFi activities, enhancing its market positioning.

SUI Stablecoin Growth

SUI, the native token of the Sui network, made a substantial leap by surpassing NEAR Protocol in stablecoin market capitalization. In December 2024, SUI's market cap was $300M, whereas NEAR's was above $600M. By February 2025, SUI reached $695M, overcoming NEAR, whose market cap stood at $693M.

SUI DeFi Ecosystem

The DeFi ecosystem on SUI also experienced exponential growth. By March 2025, SUI's TVL hit $1.92 billion, opposing NEAR's $445 million investment. Application revenue and decentralized exchange volume increased, indicating vigorous activity among investors in this infrastructure.

SUI Potential Breakout

On the chart, SUI showed a downward pattern indicating potential long-term growth. The price broke the resistance level at $2.40, which may signal a change in market sentiment. If growth continues, SUI could reach $3.50, with $2.00 being a critical support level.

SUI's short-term prospects look promising, with the potential to break the $3.00 mark, provided trading volumes increase.

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