Market participants are showing increased interest in Sui because its price has bounced back by 12% while its decentralized exchange (DEX) dealings surpassed $60 billion. The token’s expansion continues to gain popularity because of its successful implementation with the Phantom digital wallet platform. The ongoing price surge signals the start of a potentially bigger market appreciation.
Sui’s DEX Volume Hits $60 Billion
Sui’s price recovery indicates a direct correlation with the DEX market volume growth. DefiLlama data shows that monthly DEX volume on Sui exceeded $11.95 billion surpassing $11.45 billion in December 2024. Since August 2022 the system reached a trading volume of over $60 billion.
Higher trading behavior on decentralized exchanges indicates increased use of the Sui Blockchain by investors. The ongoing market demand presents possibilities for both sustained price growth in the long term and further upward momentum.
Phantom Wallet Integration Expands Sui’s Reach
Sui’s price surge gains momentum from its recent connection with Phantom wallet functionality. The multi-chain wallet has incorporated SUI into its platform alongside Solana Ethereum Bitcoin Base protocols allowing users to trade and store the token. The support for Sui by the Phantom wallet platform which now has 15 million users reinforces the potential for broader adoption.
The integration with the Phantom wallet allows users to easily trade thousands of tokens between wallets within their Phantom environment. The growing availability and user adoption rate points toward sustained increasing demand for Sui in the future.
Sui’s DeFi Growth Strengthens Its Position
DEX trading volume represents only one aspect of Sui’s expanding decentralized finance (DeFi) ecosystem growth. Sui-based DeFi protocols have recorded a total value-locked figure of $1.8 billion that surpasses TVL statistics of Avalanche, Aptos, Polygon, and Cardano.
The development of Total Value Locked indicates rising network liquidity that generally results in higher prices. The expansion of projects on Sui will likely draw additional users and capital toward its DeFi ecosystem.
Can Sui Price Continue Its Uptrend?
The price of Sui bounced up from the essential $3.50 support mark which represents a primary Fibonacci retracement area. The price recovery established a morning star pattern which traders commonly interpret as a positive signal for increased price action. The cryptocurrency trades above its 100-day moving average which suggests further price appreciation.
A strong uptrend requires Sui to surpass its key resistance at $4.6875. The price rise above $4.6875 will set the stage for analyzing the $5.36 all-time high.
A drop in Sui prices below $3.50 might prove to be a bull trap for investors because such a movement could push the asset price toward the next support level at $3.125. Investors will monitor significant price levels throughout the next period.
The combination of Sui’s adoption growth and expanding DEX volume and DeFi ecosystem makes a major price breakout for the token likely soon. The token’s future trajectory depends on upcoming market dynamics and investor sentiment levels throughout the next weeks.
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