Sui Trading Volume Jumps 143% in 24 Hrs, Fueling a 30% Price Rally

Furthermore, SUI is also gaining institutional recognition as it is backed by notable institutions such as and , adding to investor confidence in its long-term viability, as reported by CNF last week. Nasdaq-listed Lion Group Holdings announced plans to add this cryptocurrency to its $600 million digital asset treasury portfolio.

Furthermore, the Coinglass data shows that the SUI futures open interest is up by 22% to $1.77 billion. This highlights a strong bullish sentiment among traders with the expectation that the price rally will continue moving forward. Furthermore, the 24-hour SUI liquidations have crossed to $10.8 million, of which, $8.85 million is in short liquidations.

Strong Recovery From the $223 Million Cetus Protocol Hack

The SUI ecosystem has staged a strong recovery from the $223 million hack of the Cetus protocol. The team behind Sui blockchain restored faith in the broader crypto community by announcing a $10 million investment dedicated to enhancing the security infrastructure across its ecosystem.

In addition to this, Sui (SUI) has surpassed $1.8 billion in DeFi total value locked (TVL), cementing its position among the top blockchain ecosystems. The surge has been fueled by growing institutional adoption and strong performance from protocols such as NAVI, Cetus, and SUI Lend. Since May 2023, Suis DeFi TVL has jumped by 480%, outpacing the growth rates of other major networks, including Solana and Ethereum.

With Bitcoin leading the broader crypto market rally, altcoins are showing major strength, with SUI, XLM, HBAR among the top performers over the past week.