The SUI token surged to $1.1175 on Monday, its highest point since June 9, fueling a 140% rally this month.
The token's spike lifted the Sui network's 24-hour decentralized-exchange volume by over 23% to $62.87 million, propelling it to the ninth-largest chain and overtaking peers like Avalanche, Mantle, TON, and Aptos.
Weekly trading volume reached $427 million, slightly below Avalanche's $453 million, while the network now ranks 13th in DeFi, surpassing Optimism, TON, Mantle, Cronos, and Cardano.
Top dApps such as NAVI Protocol ($249 million in assets), Scallop Lend ($106 million), Cetus, Aftermath Finance, and Haedal Protocol dominate activity.
New platforms like Walrus Protocol and FanTV, which amassed over three million wallets, are expanding developer interest.
Analysts note Sui's low transaction costs and thousands-of-transactions-per-second capacity could attract more projects as it addresses scalability issues plaguing Ethereum and Solana.