tl;dr
Sui Network (SUI) has reached a new total value locked (TVL) milestone of over $2.1 billion, driven by strong stablecoin inflows and market momentum following its partnership with Microsoft. Since March, SUI's TVL has more than doubled, reflecting increased user participation and liquidity. The netw...
Sui Network's total value locked (TVL) surged over 104% to $2.1 billion, driven by strong stablecoin inflows and increased user activity.
The network led all blockchains with $148 million in net stablecoin inflows within 24 hours, surpassing $1 billion in total stablecoin supply.
Weekly decentralized exchange (DEX) volume on Sui hit all-time highs, indicating rising liquidity and user participation.
Sui integrated with Microsoft Fabric via Space and Time, enabling real-time blockchain data access for Microsoft's developer ecosystem.
Mysten Labs projects that by 2030, Sui Network will be the backbone for in-game ownership across major games.
Technical analysis shows a bullish price pattern for SUI, with targets at $4.76 and $5.67, despite a minor pullback.
Prominent investors like Raoul Pal have allocated over 70% of their portfolios to Sui, signaling strong institutional confidence.
Sui's growth is supported by increasing TVL, enterprise partnerships, and accelerating developer adoption, positioning it for continued expansion.
Sui Network (SUI) recently reached a new TVL milestone of more than $2.1 billion, more than doubling since March's lows.
This reflects increased market momentum following its partnership with Microsoft and enhanced user participation.
Sui's total stablecoin supply has surpassed the $1 billion mark, with the network leading stablecoin inflows across all blockchains.
The rise in weekly DEX volume signals heightened liquidity and engagement within the Sui ecosystem.
The integration with Microsoft Fabric, facilitated through Space and Time, provides Microsoft developers with real-time access to blockchain data from Sui and other networks.
This institutional-grade integration is expected to accelerate innovative blockchain applications.
Mysten Labs emphasizes a long-term vision where Sui becomes central to digital asset ownership in gaming by 2030.
On the technical front, analysts note that SUI holds a positive inverse head & shoulders breakout pattern, supporting bullish price targets.
Investor enthusiasm is evident, with influential figures dedicating major portions of their portfolios to SUI.
Taken together, these developments underscore Sui Network’s strong fundamentals and promising outlook in the blockchain space.