Analysis of decentralized exchanges volumes showed Sui Network (SUI) emerged as the frontrunner among its peers, Aptos and SEI.
Over the past year, from January 2024 to January 2025, the trading volume on the Sui Network soared to a staggering $48 billion.
In comparison, Aptos and SEI reported significantly lower volumes of $11.57 Billion and $2.93 Billion, respectively. This disparity highlights Sui’s superior performance and market acceptance.
The substantial volume difference could stem from Sui’s innovative blockchain solutions and strategic partnerships, which have enhanced its ecosystem’s liquidity and user base.
The robust growth in trading activity on Sui’s platform could further bolster the price of its native token, SUI, offering promising prospects for both short-term gains and long-term stability.
As the network continues to expand and innovate, its potential to outpace competitors and capture a larger market share remains high, signaling a bright future for investors and users alike.
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UI v SOL Perp DEXs Trading Volumes
For January 2025, the Sui Perp DEX has outpaced a major Solana Perp DEX in trading volume, a clear indication of its growing dominance in the DEX space.
Sui’s DEX recorded a volume of $5.57 Billion, surpassing the Solana-based counterpart which posted $4.55 Billion. This disparity suggested a significant shift in trader preference and liquidity migration towards Sui Network.
The increased volume on Sui’s DEX reflected not just transient trading interest, but also deeper ecosystem engagement and adoption, potentially leading to increased stability and price appreciation for the SUI token.
These indicated SUI’s position in the DEX market, likely driven by innovative features or superior transaction efficiency that attracts more users and funds.
As Sui continues to capture market share, the future looks promising for its native token, with expectations of sustained growth and broader acceptance within the crypto community.
This performance is a solid foundation for optimism regarding Sui Network’s long-term market position and influence.
eepBook Protocol on Sui Network
The past 30 days saw notable activity, with several projects making strides in their respective arenas.
DeepBook Protocol, based on the Sui Network, emerged as a highlight, ranking 10th with a development activity score of 231.9 and a substantial price surge of 10.43%.
This marked a significant progression, reflecting the growing interest and utility of SUI.
Leading the charge, Dfinity’s Internet Computer (ICP) holds the top position, its development activity peaking at 597.27, albeit with a modest price increase of 1.62%.
Close on its heels, Hedera (HBAR) and Cardano (ADA) secure the second and third spots, showing development scores of 428.47 and 426.17, respectively, both also enjoying positive price movements.
The rankings also highlight a mix of advancements and declines. Chainlink (LINK) and StarkNet (STRK), though highly active, have seen their prices drop by 3.10% and 3.09%, respectively.
Conversely, Ethereum (ETH), placed ninth, gained traction with a price increase close to 1%, underpinned by its consistent development effort scored at 251.53.
These developments hint at a broader recovery and potential bullish trends for these blockchain projects, particularly for SUI, as platforms like DeepBook Protocol continue to expand and innovate, suggesting promising future implications for investors and the ecosystem at large.
Source: https://www.thecoinrepublic.com/2025/01/29/sui-price-outpaces-aptos-and-sei-what-driving-this-surge/