<p>Late last night, the official Sui X channel announced that it broke $900 million in total value locked (TVL). This achievement propels Sui to the number 8 spot out of all networks in TVL rankings.</p>
<p>Sui’s native token, <a href="https://captainaltcoin.com/this-crypto-trader-predicts-sui-price-will-hit-4-5-short-to-mid-term-heres-why/" target="_blank" rel="noopener noreferrer nofollow">SUI, also had a great week, with its price pumping</a> by 50%. The network’s growth has been nothing short of impressive, with Sui’s TVL skyrocketing over 3,200% in just one year. <a href="https://coinmarketcap.com/academy/glossary/total-value-locked-tvl" target="_blank" rel="noopener noreferrer nofollow"><strong>Total Value Locked</strong>&nbsp;(TVL) is calculated</a> by summing up the value of all assets staked or locked in a DeFi platform.&nbsp;</p>
<p>Sui’s total value locked has reached an impressive $900.97 million, solidifying its position among the top blockchain networks. A big portion of this locked value, $402.86 million, is in stablecoins, indicating their crucial role in Sui’s DeFi ecosystem. The network has also seen robust trading activity, with a 24-hour volume of $62.07 million.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING: Sui now has $9⃣0⃣0⃣,0⃣0⃣0⃣,0⃣0⃣0⃣ Total Value Locked, now coming in at #8 of all chains for TVL <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>That’s a 3,285% increase in just 1 year <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4aa.png" alt="💪" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>And there’s still 8 days left in <a href="https://twitter.com/hashtag/Suitember?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Suitember</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/DznCFDOq8h" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/DznCFDOq8h</a></p>— Sui (@SuiNetwork) <a href="https://twitter.com/SuiNetwork/status/1837943508852003031?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 22, 2024</a>
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<p>The SUI token is currently priced at $1.58, contributing to a market capitalization of $4.234 billion. This figure represents the overall valuation of the circulating supply of SUI tokens. Looking at the broader picture, Sui’s fully diluted valuation (FDV) stands at $15.799 billion, which reflects the network’s potential value if all possible tokens were in circulation.</p>
<p>Sui’s rapid ascent in the blockchain arena is evident from these metrics. The substantial increase in TVL over the past year demonstrates growing confidence in the network’s capabilities and potential.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/expert-turns-bullish-on-sui-price-as-fundamental-and-technical-metrics-indicate-major-growth-potential/" target="_blank" rel="noopener noreferrer nofollow">Expert Turns Bullish on SUI Price as Fundamental and Technical Metrics Indicate Major Growth Potential</a></strong></em></p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/sui-network-breaks-900-million-in-tvl-as-sui-price-explodes/" rel="noopener noreferrer nofollow">Sui Network Breaks $900 Million in TVL as SUI Price Explodes</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Sui Network Breaks $900 Million in TVL as SUI Price Explodes

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