- Suiโs Total Value Locked briefly secured a spot in the top 10 before experiencing a dip.
- The chain has surpassed Bitcoin, Base, and Cardano.
- SUI has picked up major gains over the past months.
The Layer 1 blockchain and smart contract platform Sui has been riding on a high momentum over the past months, recording new milestones and price upticks. On January 27, the chain surpassed prominent chains, including Bitcoin, Base, and Cardano, briefly securing the 10th position by Total Value Locked (TVL).
However, the celebration was short-lived as the blockchain was subsequently displaced. Nonetheless, Sui’s rapid growth rate hints at a potential imminent recovery.
Sui Sets Sights On Top 10 Rebound
According to DefiLlama, the decentralized finance analytics platform, the Sui blockchain currently holds the 11th position in Total Value Locked, reaching $418.81 million.
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Sui trails behind Pulsechain by a $12 million difference, which occupies the tenth spot at $430.27 million.
This marks Suiโs second non-Ethereum Virtual Machine (EVM) chain position. Sui commands a 9.2% dominance, surpassed by Solana, which presently holds $1.485 billion.
Investors are bullish on Sui’s potential to surpass Pulsechain for a position on the top 10 chart, particularly considering its performance over the past months.
Sui’s native token, SUI, has experienced a remarkable nearly 350% increase over the past three months, now trading at $1.46 compared to its previous range of $0.3 to $0.4.
Bitcoin ETFs imminent in Hong Kong? Read here to find out more:
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To find out more about Suiโs price performance, read here:
Sui Scorches Past Bitcoin in TVL Amidst Triple-Digit Upswingย
