Sui's total value locked surpasses $2 billion, while SUI's price rallies significantly, indicating a resurgence in user demand and institutional interest.
Sui has regained strength, with its total value locked (TVL) climbing to $2.19 billion, recovering from a May low of $1.5 billion. The native token SUI has surged approximately 36% in the past week, trading above $3.95. Recent developments include Sui surpassing Solana in monthly stablecoin transfer volume and significant institutional interest, including Nasdaq's filing for a spot SUI ETF. Analysts suggest SUI is on the verge of a breakout that could push its price toward $4.