Will Sui Price Break Out to Create a New Growth Wave? – Coincu

Sui, a high-performance Layer 1 blockchain network, has surged to a new high of $3.30 as of Thursday, a momentum rarely seen since last February’s decline.

Sui Price Surges 55% to Overtake Chainlink in Market Cap

The token has gained more than 55% in the past week, allowing it to surpass Chainlink in market capitalization and rise to the 11th spot among global crypto assets.

The rally comes as Sui benefits from growing interest in the emerging Bitcoin-powered DeFi (BTCfi) sector. The Sui Foundation recently announced new partnerships with Lombard Finance, RedStone, Cubist, and Babylon, signaling its intent to establish itself as a leader in BTCfi innovation. These developments have reinforced investor confidence, driving strong market momentum.

This surge has also sparked a notable uptick in on-chain activity, particularly within Sui’s decentralized finance (DeFi) ecosystem. Data from DeFiLlama indicates that total trading volume on decentralized exchange (DEX) protocols built on Sui rose by 38% over the last seven days, reaching $2.77 billion.

Cetus, Sui’s largest DEX platform, alone processed $1 billion in trading volume during the past week and an impressive $4.71 billion over the last 30 days. Other DEX protocols such as Bluefin, Kriya, Momentum, and DeepBook also reported increased user activity and transaction volumes, reflecting the platform’s growing appeal among DeFi participants.

Sui Eyes Top 10 Spot Amid Rising Investor Interest

Despite the recent gains, analysts caution that the wider crypto market remains uncertain. However, with its strong infrastructure and rising market cap, Sui is increasingly being viewed as a serious contender for a position within the top 10 cryptocurrencies, so bullish trends continue.

Sui’s rapid ascent highlights the evolving dynamics in the blockchain space, where strong fundamentals, innovative partnerships, and rising user engagement can drive significant price action—even in the face of market-wide headwinds.

Whether the token can maintain its upward momentum remains to be seen, but its recent performance signals growing investor interest and the potential for continued growth in the near term.