- SUI surged 60% over the past week, reaching the 178.6% wave extension level, fueled by rising Total Value Locked (TVL) and booming decentralized exchange (DEX) trading volumes.
- TVL on the SUI network jumped 38% to $1.645 billion, while DEX trading volume soared 177% in a week, showing strong user engagement and growing trust in the ecosystem.
- Stablecoin supply on SUI grew 82% in two months, reinforcing its expanding role in DeFi and suggesting the token’s bullish momentum could continue in the coming months.
SUI’s been on a serious heater lately, climbing to hit the 178.6% extension level — which, if you follow wave theory, is a pretty usual target for a third wave (wave (3)). According to More Crypto Online, this surge came right after SUI cleared the 138% mark, which is like the minimum checkpoint for these kinds of moves.
Right now, support for the next wave (wave (4)) sits around $2.75, while $3.27 marked the high that finished wave (3). If the pattern holds up? Well, bigger things could still be on the table.
SUI’s Wild Week: 60% Gains and Counting
Looking at data from Lookonchain, SUI’s been on a tear — up by about 60% just this past week. This crazy rally has shined a spotlight on the SUI ecosystem, and honestly, it’s not just hype. There’s some solid ground underneath it.
A lot of the buzz is tied to key indicators like Total Value Locked (TVL) and the volume being pushed through DEXs (Decentralized Exchanges). Investors are clearly paying attention — and they’re moving their assets in heavy.
Big Moves in DEX Volume Power the Surge
One of the standout stats? TVL jumped 38% this week alone. Right now, the total value locked into SUI’s network has hit about $1.645 billion — a pretty massive vote of confidence if you ask me.
TVL growth is kinda like the heartbeat of a DeFi project — when people trust it enough to park their assets there, that momentum feeds back into stronger prices and better network development. SUI’s definitely feeling that love right now.
Meanwhile, DEX trading volume is popping off too. Just in the last 24 hours, DEXs running on SUI pushed through about $599 million — that’s a whopping 177% jump compared to last week. It’s a good sign. When users are actually trading like crazy, it means real engagement, not just empty headlines.
Stablecoin Adoption Adds More Fuel to the Fire
But wait, there’s more (yeah, this week’s been that good for SUI).
Besides TVL and DEX action, the stablecoin supply on the SUI network has exploded. Over the past two months, stablecoins on SUI grew by 82%, climbing from about $482 million to $879 million. That’s a huge step forward for the network’s stability and usage in real-world transactions.
SUI’s ability to handle stablecoins effectively is making it a more serious player in the broader DeFi world. And guess what? Right now, SUI’s trading around $3.71, marking a 13.57% gain just in the last day.
Outlook: SUI’s Trend Looks Strong and Getting Stronger
All these numbers — the TVL jump, the DEX explosion, the stablecoin growth — they’re not just noise. They point to a real, healthy ecosystem that’s getting stronger by the day.
The way things are shaping up, it feels like SUI’s recent gains aren’t a one-off pump. With adoption in DeFi and dApps growing fast, the odds are looking good for this upward trend to keep rolling into the months ahead.
