Sui, a Layer-1 blockchain, has recently seen significant growth in daily transactions, complemented by a 10% rise in SUI's price over the past day.
On October 2, Sui's daily transactions hit 4.8 million, jumping to 9 million the next day, indicating an 85% increase linked to Circle's USDC stablecoin launch.
Meme coins, such as HIPPO and AAA, have also driven network activity with significant price increases, suggesting Sui could challenge Solana's dominance.
Sui's Open Interest has surged to $827.69 million, indicating rising market liquidity as SUI's price trends upwards.
Currently priced at $1.92, SUI could break its previous all-time high of $2.18, with EMAs supporting a potential 20% increase to $2.30.
Sumber: beincrypto.com ↗