Akash Network (akt) 
Sui Reaches New All-Time High Amid Market Upswing
The Sui price has surged to a new all-time high of $5.35, driven by the recent market upside and the blockchain’s continued resurgence in the digital asset ownership space. As a layer 1 blockchain, Sui has seen significant growth, with its token price increasing by over 20% in the past week.
Market Performance and Trading Volume
Despite the notable gains, Sui’s price has experienced a slight decline over the past 24 hours. According to the price dashboard, the SUI price is currently flat at around $5.21, with a daily trading volume of just over $1.4 billion, representing a 3.2% decrease.
Key Factors Contributing to Sui’s Growth
Sui’s strong performance can be attributed to several factors, including:
- The launch of DeepBook V3 and Sui Bridge, which have contributed to the platform’s growth and adoption.
- Increased interest from institutional investors, further solidifying the blockchain’s position in the market.
- Grayscale’s inclusion of SUI in its crypto product suite, which has led to a significant increase in the token’s value.
The total value locked (TVL) in the Sui platform has also seen a significant increase, rising from $1.75 billion at the end of 2024 to over $2.6 billion in the first week of 2025. This represents a substantial growth of over 48% in just a few days.
Bullish Sentiment in DeFi
The bullish sentiment around Sui has been further fueled by the resurgence of the decentralized finance (DeFi) space. DeFi tokens have experienced a significant spike in value amid the positive sentiment surrounding the incoming US president’s pro-crypto stance and the appointment of crypto-friendly individuals to key regulatory entities.
The incoming president’s pro-crypto stance and the appointment of crypto-friendly individuals to key regulatory entities have catalyzed the uptrend in DeFi.
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