The post Why SUI Crypto Price is Up Today? appeared first on Coinpedia Fintech News
Solana’s biggest rival and the native token of the Sui blockchain (SUI) coin has surprised the crypto community with a massive jump of 72% in just one week. According to Lookonchain, a popular blockchain analytical platform, there are three main reasons behind this strong rally.
Apart from this, there is a rumor growing that Pokémon HOME might be partnering with the Sui blockchain.
Total Value Locked Surge on Sui
One of the biggest reasons behind this huge rise in Total Value Locked (TVL) on the Sui network. In just a short time, Sui’s TVL went up by 41%, reaching $1.73 billion as per Defillama. This means more users and developers are locking their funds into Sui’s decentralized apps, trusting the network to grow even more.
DEX Trading Volume is Booming
Another key reason behind the SUI price jump is the rise in trading volume on Sui-based decentralized exchanges (DEXs). Over the
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