
Route 2 FI|Apr 23, 2025 07:21
SUI is one of the strongest coins out there. Up 30% today to 2.90 — nearly 50% since the local bottom earlier this month.
What’s driving the bullish sentiment for @SuiNetwork:
-Shaping up to be the trade of the cycle. Many want another L1 winner alongside Solana. Sui is leading the trend.
-One of the biggest chains by most metrics — now #9 by TVL (~1.8B) and #6 by monthly DEX volume, closing in on Arbitrum
-DeFi growth: 900M+ in stablecoins on Sui and 10%+ of TVL is in BTC bridged to Sui
-Ecosystem traction: DEEP up 67% in the past week after tier 1 exchange listings and WAL is in the top 100
-Sui Basecamp coming up next week (Sui’s biggest event of the year, think ETH CC, but for SUI). Could be some bullish catalysts they've been holding off.
Disclaimer: I’m bullish on SUI and still holding my position.
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