SUI Declines 4% as Network TVL Stays Strong and Trading Volume Rises

SUI is currently trading at $0.9340 on Tuesday, Feb 10, after losing 4.18% in the last 24 hours. The trading volume also rose by 25.24%, reaching a value of $652.9 million. The token is down by 18.2% over the last week as broader selling pressure continues.

Source: CoinMarketCap

Sui Adoption and TVL Climb Rapidly

Altcoinpedia, a well-known analyst, highlighted that the price of SUI does not reflect the expanding activity on its blockchain. He stated that more adoption, increases in TVL, and new integrations further strengthen its position in the blockchain industry. He further stated that such growth is happening in multiple sectors.

Sui blockchain utilizes parallelized consensus and object-oriented execution. This enables quick transactions with lower fees. Developers are using this blockchain for DeFi, staking, and artificial intelligence projects. This is because these projects require quick execution.

The Sui DeFi ecosystem has recorded a new all-time high in terms of total value locked in October, which stands at $2.6 billion. This indicates that more liquidity and participation are being recorded in this blockchain. The protocols on this blockchain are gaining more attention.

There are more developments in terms of listing and liquidity on exchanges supporting SUI. Major exchanges have added deeper liquidity and zero-maker-fee incentives. This makes trading in this token more accessible and convenient.

On-Chain Indicators Show Strong Improvement

In addition, integrations in the real world are also improving. Payment platforms on the network have introduced new services for merchants in several regions. This improves the utility of the network beyond speculation.

Also Read: Sui Gains Momentum as Developer Internship Launches and TVL Surges

According to analysts, SUI is gaining traction as the market enters new cycles. The network is witnessing an increase in ecosystem growth, as well as an increase in infrastructure growth.

On-chain indicators are also improving. There is an increase in stablecoin transactions. Moreover, there is a consistent increase in liquidity. This supports the position of the network as a multi-purpose Layer 1 for tokenized assets.

The number of partnerships is also rising. New teams are building on the network using its tools and framework. This activity strengthens network effects and supports long-term token demand.

Trading Volume Rises as Open Interest Declines

According to CoinGlass data, the trading volume has increased by 21.10% to $885.67 million. Open Interest has decreased by 2.68% to $505.79 million. The OI Weighted Funding Rate is at 0.0063%. These figures show steady derivatives activity despite spot-market weakness.

Source: CoinGlass

SUI remains in focus as the ecosystem expands, with infrastructure improvements and rising developer activity continuing to shape its outlook.

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