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SUI Surges as Top L1 Contender Ahead of Basecamp

Route 2 FI

/12 hours ago

$SUI jumps 30% today, up nearly 50% from this month’s low, fueled by strong DeFi growth, rising TVL, and exchange listings. It now ranks #9 by TVL (~$1.8B) and #6 by DEX volume. With over $900M in stablecoins and Sui Basecamp approaching, sentiment is bullish as SUI positions itself as a leading L1 alongside Solana.

$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.

Source # SUI # DeFi # Layer1 # Altcoins

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