Robust Fundamentals Power SUI’s 60%+ Weekly Gain as Network Taps Real-World Mastercard Payments
- SUI price has exploded over 60% this week, driven by a 38% TVL jump and 177% rise in DEX volume.
- RSI suggests the rally is in overbought territory, but Fibonacci levels show a path to $4.98.
- Sui’s team up with xMoney and xPortal enables real-world payments with a branded Mastercard
Sui Network ($SUI), a high-performance Layer 1 blockchain, has captured the spotlight this week, delivering standout gains exceeding 60% and hitting $3.71 before settling around $3.65 at press time, still a sharp leap from its intraday low of $2.96.
This rally isn’t just market noise; it’s underpinned by robust on-chain fundamentals, significant ecosystem expansion, and a strategic move into real-world Web3 payments.
On-Chain Metrics Signal Strong Network Health
Sui’s recent price action finds strong support in its on-chain data. According to Lookonchain, SUI’s total value locked (TVL) has climbed 38% in just one week to reach $1.645 billion. Meanwhile, 24-hour DEX volume skyrocketed 177% to $599 million.
The post Robust Fundamentals Power SUI’s 60%+ Weekly Gain as Network Taps Real-World Mastercard Payments appeared first on Coin Edition.
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Robust Fundamentals Power SUI’s 60%+ Weekly Gain as Network Taps Real-World Mastercard Payments
- SUI price has exploded over 60% this week, driven by a 38% TVL jump and 177% rise in DEX volume.
- RSI suggests the rally is in overbought territory, but Fibonacci levels show a path to $4.98.
- Sui’s team up with xMoney and xPortal enables real-world payments with a branded Mastercard
Sui Network ($SUI), a high-performance Layer 1 blockchain, has captured the spotlight this week, delivering standout gains exceeding 60% and hitting $3.71 before settling around $3.65 at press time, still a sharp leap from its intraday low of $2.96.
This rally isn’t just market noise; it’s underpinned by robust on-chain fundamentals, significant ecosystem expansion, and a strategic move into real-world Web3 payments.
On-Chain Metrics Signal Strong Network Health
Sui’s recent price action finds strong support in its on-chain data. According to Lookonchain, SUI’s total value locked (TVL) has climbed 38% in just one week to reach $1.645 billion. Meanwhile, 24-hour DEX volume skyrocketed 177% to $599 million.
The post Robust Fundamentals Power SUI’s 60%+ Weekly Gain as Network Taps Real-World Mastercard Payments appeared first on Coin Edition.
Read More