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#SUI Background Information: Sui Network has performed excellently since the end of 2023, especially with a continuous rise in 2025. The on-chain activities are active, particularly excelling in the Decentralized Finance sector, challenging major L1 Blockchains like Solana.
Main events:
- The market capitalization of SUI's stablecoin has reached $1.13 billion, far surpassing other major blockchains, demonstrating its dominant position in stablecoin liquidity.
- In the past 24 hours, top dApps such as Bluefin and Momentum have generated a total revenue of $77,000, indicating an active ecosystem.
- The total number of accounts rose from 124.3 million in April 2025 to 208.8 million in June, continuously setting historical highs, indicating a steady user adoption rate.
Price Trends and Analysis:
- Despite the rise in on-chain activity, the price of SUI has been under pressure since early May, falling to the key support level of $2.80-3.00.