The sui price increased together with $ 2.8 billion in daily volume, a sign that investors are responding to real developments, from Bitcoin native loan protocols to the ETF review window of the SEC.
On July 14, Sui (Sui) It jumped more than 10% in 24 hours, increasing from a daily minimum of $ 3.44 to up to $ 3.99 before reducing profits to operate to $ 3.84 at the time of publication, according to Crypto.news data.
The acute increase, accompanied by $ 2.33 billion in the 24 -hour negotiation volume, occurs when the widest cryptographic market mounts a wave of bullish impulse. Even so, the Sui rally stands out for being based on specific catalysts of the platform. The main one: the launch of TBTC backed by Bitcoin in Sui and the growing confidence around an ETF sui potential that quotes in the United States, which recently crossed a key regulatory milestone.
Bitcoin Liquidity, Momentum Fuel Sui force
The two -digit increase of Sui validates its evolutionary role in the liquidity of a Bitcoin bridge with next generation defi. He TBTC integrationThat was launched on July 7, marks a technical advance: SUI is the first chain that is not EVM in allowing the direct minting of the asset backed by Bitcoin, without going through the inefficiencies of the wrapped tokens.
Early adoption has been revealing, with $ 500 million in BTC liquidity channeled in native SUI protocols such as Bluefin and Alphaalend in days. For the context, that is equivalent to 10% of the total value of SUI blocked (TVL) that is now called by Bitcoin, a rare feat for non -stereal chains.
The ETF narrative adds institutional weight. The presentation of Nasdaq 19B-4 for 21Shares’ Spot Sui ETF, now under the review of the SEC, follows $ 300 million in ETP tickets based in Sui in Europe this year.
Although approval is not guaranteed, the presentation signs that traditional finances are taking SUI’s unique proposal seriously. The Network states that its object -centered model can process TBTC transactions in 400 milliseconds, a speed that could redefine Bitcoin’s usefulness in Defi.
Beyond the pump: the technical advantage of sui
The recent Grayscale report stands out why Sui is attracting capital, while other layers 1 stagnate. The parallel execution engine of the network handles 297,000 transactions per second, but most importantly, distinguishes between simple transfers (such as TBTC movements) and complex intelligent contracts, crossing the first through a “fast route” for an almost instantaneous settlement.
This technical architecture is important because it allows Bitcoin headlines to get involved in loan or leverage performance strategies without the latency risks of Ethereum or Solana congestion.
The developer’s activity further underlines the impulse. TVL of Sui has grown more than 200% in the year up to $ 12.29 billion, with the volume of Stablecoin that reaches $ 110 billion alone in May, a sign that its infrastructure is being tested for stress for real world payments.
Despite the recent rally, Sui remains 28.11% below its historical maximum of $ 5.35 established in January. This gap reflects both the broader market correction and SUI’s unique supply dynamics: only 33% of its 10 billion tokens supply is in circulation, with the rest blocked until 2030.
But with TBTC Live, an ETF in the regulatory pipe and institutional players such as the gray scale highlighting its technology, Sui is no longer just another “Ethereum murderer.” He is talor of a niche where Bitcoin’s liquidity meets the institutional degree agreement, and for now, the market is gratifying that vision.
