Sui Blockchain's token surged to a $1.1175 high on Monday and the network vaulted to ninth place in DEX volume, marking its fastest climb in the sector.
The SUI token hit its highest point since June 9, climbing 140% above this month's low and becoming one of the best-performing assets in the market. In the past 24 hours, Sui's DEX volume rose over 23% to $62.87 million, overtaking chains such as Avalanche, Mantle, TON, and Aptos. Weekly volume stands at $427 million, just below Avalanche's $453 million, while the network now ranks 13th in DeFi. Top dApps include NAVI Protocol with $249 million staked, Scallop Lend at $106 million, Cetus, Aftermath Finance, Haedal Protocol, and Suilend with $85 million in assets.
Recent developer interest has added platforms like Walrus Protocol, a decentralized data-storage network competing with Filecoin and Arweave, and FanTV, which crossed 3 million wallets on Sui. Sui's architecture delivers very low transaction costs and handles thousands of transactions per second, directly addressing Ethereum's high fees and Solana's congestion problems.