Sui’s ecosystem growth drives market rebound

SU has seen a market capitalization rebound of more than 10% in the last 24 hours due to its growing presence in the DEFI sectors and the game.

According to the Santiment Chain Chain Analysis platform, the growth in market capitalization of Suis is supported by new partnerships, awards for staking and a feeling of increasingly optimistic social media, which is at its highest level Since September.

The price of Sui has increased by 259% in the last five months. Santiment warns that the increase in the FOMO could derail long -term prices growth, because pushing the price of the token too quickly could lead to large retractions.

The market capitalization of Stablecoins sur Suit, which has reached a record summit of $ 500 million according to Parade The data also contributes to the recent recovery in the market. The rise in stallions in the start of stallions means that fresh liquidity enter the SU network. It is a sign of increased interest and activity on the platform.

Other signals show that suis is gain The strength on the derivative market. For the first time in more than a week, the Funding rate of SU has become positive. The total value of contracts of open interest has reached $ 451.3 million. These signals suggest that traders are becoming more and more optimistic, which could mean that the sui price could continue to increase if the trend continues.

Sui positioned itself as a blockchain that combines the advantages of web3 with the ease of web2. Low costs and rapid network transactions have drawn the attention of DEFI and Gaming Sector projects, which continue to develop on the network. Suis has also signed partnerships with institutional actors such as Franklin Templeton, Grayscale, Free Capital and Copper.

It is not clear if market pressures will calm down in the coming weeks or if sustain long -term momentum.