Sui Hits $3.68 With 20% Daily Surge, TVL and DEX Volume Soar

Over the past 24 hours the trading prices of Sui grew over 20% and when writing it was exchanging hands at $3.68 and its market capitalization has reached $11.92 billion with an addition of 22.34% in the same frame.

Source: CoinMarketCap

Sui has gained huge attention from traders in the past few trading sessions as its prices grew significantly and added 74.26% in a week and grew 44.09% in a month.

With this bullishness in SUI trading price there has been arguments that it is now eyeing to retest $5.00, as per the data its highest trading price has been recorded on January 06, 2025, $5.35.

What is pulling SUI prices to new highs, and will it retest $5 soon?

There are several reasons behind the growing prices of Sui, but one of the major ones is its growing TVL, which is now $1.738 billion, up by 13.14% in the past 24 hours.

On SUI highest contribution in TVL is by Suilend Protocol with $586.7 million, followed by Navi Protocol, Haedal, Cetus, Scallop, Bucket Protocol, BlueFin, and AlphaFi

According to the data from DefiLlama, the stablecoin market cap on Sui is $879.15 million which grew around 9.89% in a week, chain fees in the past 24 hours was $44,144, app revenue in the same frame was $190,025.

Source: DefiLlama

According to a March 2025 Messari analysis, DEX volume increased 444.8% from quarter to quarter to $265.5 million in Q4 2024, while daily transactions peaked at 58.4 million

The growing use of Sui’s DeFi protocols and the rising cost of SUI, which jumped by 131.5% from quarter to quarter, total quarterly fees reached an all-time high of $5.4 million, a 613.6% rise over the previous quarter.

With spiking memecoin activity, Sui handled 7.5 billion transactions overall in 2024, reaching a daily peak of 58.4 million on October 5, 2024 By May 21, there were more than 1 million daily active wallets, with daily active accounts reaching a peak of 2.5 million in May 2024.

At a time in January 2025 the total value locked reached $2.065 billion and by the end of February this year the number of delegators had surpassed 200,000

Crypto market price updates

Until publishing the crypto market cap was $2.95 trillion with a surge of 2.22% and the trading volume was $91.85 billion with a loss of 12.05%. At the same time crypto fear and greed index was at 52 indicating neutrality in the wider market.

When writing, Bitcoin was exchanging hands at $93,734 with a slight addition of 1.29%, and it added 10.12% to its price in the weekly time frame.

The intraday gainers list has been ruled by Sui followed by Helium, Dogwifhat, Bitcoin SV, Floki, Stacks, The Graphs and Ondo.

On the other hand, the losers of the list are Four, Pax Gold, Curve DAO token, Tether Gold, and Tron.