SUI Leads DeFi, Surpassing NEAR

user avatar

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.

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

Bloomberg Enhances Crypto Analytics for Banking Compliance

Bloomberg has enhanced its Crypto Exposure Analytics to classify bank exposure to cryptocurrencies under Basel standards.

user avatarArif Mukhtar

BTCC Reports Significant Growth in Futures Trading Volume

BTCC reports a significant increase in futures trading volume, reaching 387 billion for Q3 2026, driven by demand for futures products linked to traditional financial markets.

user avatarMaria Gutierrez

Bitdeer Expands into AI Cloud and Infrastructure Services

Bitdeer is expanding into AI cloud and infrastructure services with agreements extending into 2027 and 2028.

user avatarDavid Robinson

Bitdeer Reports Significant Increase in Bitcoin Production

Bitdeer announced its Bitcoin production for September reached 1,355 BTC, a substantial increase from the previous year.

user avatarAndrew Smith

NIP Group Expands into Bitcoin Mining with New Acquisition

NIP Group has announced an agreement to purchase Bitcoin mining machines with a hash rate of approximately 447 EHs as part of its strategy to enhance its computing capacity.

user avatarJacob Williams

JP Morgan Asset Management Launches Tokenized Money Market Funds on Solana

JP Morgan Asset Management has launched two tokenized money market funds, MONY and JLTXX, on the Solana blockchain for qualified US investors.

user avatarZainab Kamara

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.