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<p>Sui, an innovative new smart contract and layer 1 blockchain protocol focused on scalability and privacy, has seen its SUI token surge nearly 15% amid a platform adoption breakthrough. The powerful upside move comes as Sui TVL (total value locked) hits fresh all-time highs above $440 million.</p> 
<p>The spike in value locked on Sui, which represents total crypto assets deposited in its decentralized applications, underscores the network’s accelerating growth. Topping $440 million in locked-value makes Sui an emerging player, catching attention for its high-speed development frameworks tailored for sophisticated asset management solutions.</p> <iframe loading="lazy" width="100%" height="360px" src="https://defillama.com/chart/chain/Sui?&amp;theme=dark" title="DefiLlama" frameborder="0"></iframe> 
<p>This new overall demand growth has now propelled TVL over 35% higher just in the past week. SUI is also up by 98% in the last 30 days. Additionally, the 24-hour trading volume has surged by 100% and stands at $837 million.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="694" src="https://captainaltcoin.com/wp-content/uploads/2024/01/chart-93-1024x694.png" alt="" class="wp-image-429588" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/chart-93-1024x694.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-93-300x203.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-93-767x520.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-93-1536x1042.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-93-2048x1389.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-93-221x150.png 221w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-93-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-93-516x350.png 516w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-93-788x534.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/chart-93.png 696w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em><strong>Source: <a class="thirstylink" rel="nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats – Start using it today</a></strong></em></p> 
<p>So in summary, Sui seems to be hitting its stride in terms of showcasing real-world utility that’s translated to surging platform TVL’s near half a billion dollars.</p>  
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<p>The 15% short-term increase is proof that demand for the SUI token keeps rising as the network effects continue to strengthen. With developer rollouts still ongoing, the upside appears likely to continue as Sui carves out a niche among alternative L1 ecosystems.&nbsp;</p> 
<p>You may also be interested in:</p> 
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<p>The post <a href="https://captainaltcoin.com/why-is-sui-price-up-today-tvl-inches-toward-500-million/">Why is SUI Price Up Today? TVL Inches Toward $500 Million</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why is SUI Price Up Today? TVL Inches Toward $500 Million

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