The SUI token displays significant activity in derivative markets, remaining one of the most traded assets and accelerating discussions on its potential.
Activity of SUI's Open Interest
SUI ranks sixth in derivative markets by open positions, which are nearing record levels around $1B. According to Glassnode, SUI's open interest reaches $1.2B, reflecting traders' interest and market activity.
Signals for Growth Above $4
Among SUI's open positions, long positions dominate, comprising over 77%. In the last 24 hours, $2.2M in long positions were liquidated; however, the token has also accumulated over $16M in liquidity around the $4.10 level, signaling potential growth.
Growth of SUI Amid Lending Expansion
The total value locked in SUI has reached $2.19B. The Suilend protocol, the main driver of activity on the blockchain, has increased its liquidity by 48.79% in the past month, underscoring the growing interest in DeFi.
The SUI token continues to develop dynamically, with high open interest and signs of growth. Traders' interest and activity in derivative markets may contribute to further price increases.
