SUI Crypto Passes ETH, BNB In Daily Transactions

Sui crypto outperformed both BNB and Ethereum in total daily transactions. Sui recorded 518,754,323 transactions, compared to BNB’s 383,204,774 and Ethereum’s 112,286,291.

Base led with 743,865,683 transactions, followed closely by Tron with 703,130,855. Polygon and Arbitrum reached 292,651,360 and 188,840,338 transactions, respectively.

Optimism and Blast reported 85,562,340 and 44,161,745. Mantle, Avalanche, Linea, and Scroll fell below 40 million transactions each.

Tron exhibited a sharp upward trend, nearly catching up to Base. Sui crypto’s steady growth reflected its significant adoption rate.

Ethereum’s low transaction count suggested slower activity compared to Sui and BNB. These trends could signal future dominance by Sui, given its current trajectory.

SUI Crypto’s Potential Rally to $10

SUI showed a strong uptrend, increasing 476.17% to $4.9421. It broke above $3.8949 and $3.1989 resistances with rising volume.

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Support levels were established at $2.3341 and $2.0768. A drop of 48.45% to $2.1911 suggested potential pullbacks.

The bullish momentum hinted at a breakout above $10. Volume confirmed strength, aligning with potential resistance near $10.4317.

Notably, the trendline supported consistent higher lows. Further momentum would likely confirm a breakout above $10, indicating sustained buyer confidence and market demand.

SUI Crypto Liquidity Zones Heatmap

SUI crypto liquidity heatmap showed significant activity at key price levels between $4.00 and $6.00. Liquidity concentrated heavily at $4.50 and $5.00, with notable accumulation below $4.00.

Price movements reflected a strong climb early January, peaking near $5.50. Retracements followed, breaking below $5.00 by mid-January. Liquidity zones between $4.50 and $4.00 demonstrated sustained buyer support.

The heatmap highlighted resistance near $6.00, evident by reduced upward price movement and concentrated liquidity above.

Liquidity thinning near $5.50 aligned with price rejection. This chart suggested possible price consolidation near $4.50 before a breakout.

If buyers strengthened, SUI could test $6.00 again, contingent on liquidity at higher levels.

SUI Total DEX Volume

SUI crypto’s cumulative DEX volume surged to $51.08 Billion by January 17, 2025, reflecting a 33.24% increase over the past 30 days.

Volume growth was consistent, with notable contributions from platforms like Cetus, FlowX, and Bluefin.

Cetus dominated, accounting for the largest share, while other platforms such as Turbos and Balanced also demonstrated gradual expansion.

Significant acceleration in November 2024 marked the beginning of exponential growth, which continued through December and January.

The trend showcased robust adoption of decentralized exchanges on SUI. The 30-day change indicated increasing activity and liquidity.

If sustained, SUI crypto could potentially surpass $60 billion in total DEX volume within the coming months, driven by rising demand and platform performance.