Solana’s largest competitor and the original symbol of the Sui Blockchain (SUI) were surprised by the encryption community with a huge jump of 72 % in only one week. According to Lokonchain, a famous Blockchain analysis platform, there Three major reasons behind This powerful gathering.
Aside from this, there are rumors that grow that Pokemon’s house may be a partnership with Sui Blockchain.
Total closed value value on sui
One of the biggest reasons behind this huge rise in the total closed value (TVL) on the SUI network. In just a short time, the Sui TVL rose by 41 %, It reaches 1.73 billion dollars According to Devillama. This means that more users and developers are closing their money in decentralized Sui SUI applications, and they are confident of the network to grow more.
Dex trading size is a prosperity
Another major reason behind the SUI price jump is the high trading volume on the SUI (Dexs) decentralized stock exchanges. During the past week, the trading volume increased by 170 %, its arrival 599 million dollars In just 24 hours.
This means that more people buy and sell icons on the network, which pushes the price up.
Stablecoins growth on the network
The third reason is the rapid growth of Stablecoins on SUI. In the past two months, the total value of Stablecoins has jumped on the network from $ 482 million to 879 million dollars, an increase of 82 %.
This indicates that users are not only trading, but also keep the value and build confidence in the system.
Did Sui and Pokémon Home collapse?
The last SUI price jump may not be only 72 % about the numbers, there are rumors about a possible partnership with Pokémon!
Note fans Web3, called PARASOL, which is now owned by the Sui team, has been added to the Pokémon Home Privacy Policy. This began rumors of future cooperation between Sui and Bokison.
Later, a Blog post from the Sway Foundation She recently talked about PARASOL, who works on NFT paper games, and some users claimed that they originally mentioned Pokémon before removing the name quietly.
Although there is no official confirmation yet, rumors may help enhance the SUI price.
As of now, the SUI code has increased by 23 % and traded about $ 3.64, with a market value of $ 11.83 billion in the past 24 hours.
