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Cryptocurrency News Articles

SUI Outperforms Solana in Key 2025 Growth Metrics

May 17, 2025 at 01:45 am

This rise for the SUI blockchain comes as Bitcoin (BTC) holds steady above $100000, though general retail activity in the crypto market appears low.

SUI Outperforms Solana in Key 2025 Growth Metrics

Su coin price showed strength on Thursday morning as its token continues to set new highs.

What Happened: Su (CRYPTO: SUI) tokens rose by 3.0 in the past 24 hours and are trading at $3.87 at press time. The token has shot up 85% in the past month.

Su is outperforming Solana (CRYPTO: SOL) in key 2025 growth metrics, including institutional inflows and decentralized finance (DeFi) volume, according to Altcoin Buzz host Cody Buffinton.

The rise for the Su blockchain comes as Bitcoin (BTC) holds steady above the $100,000 level, though overall retail activity in the crypto market appears low.

Su Edges Out Solana in Institutional Inflows and DeFi Activity:

Su recorded $84 million in institutional inflows year-to-date, compared to Solana’s $76 million, according to Buffinton.

Su is also leading in DEX volume, with Avalanche, Polygon, and Optimism combined lagging behind the Su chain.

Su reached 190 million total accounts, showing a 35.24% increase in just 30 days. The DeFi ecosystem on Su is also expanding rapidly, with total value locked rising from $1 billion to over $2 billion.

The network is now the third-largest blockchain by daily active addresses, with nearly 2.5 million users.

Related: Su (SUI) at Critical $4 Juncture: Technical Warnings Clash with Bullish Fundamentals

Su's token price is known for its volatility, and recently, it encountered a 12.8 rise, which can be attributed to the integration of Su trading and ecosystem access on Backpack Exchange.

This integration allows users to bridge, swap, and explore protocols like SUI Lend and Navi Protocol within the Backpack Exchange ecosystem.

In other news, Binance has added SUI to its Alpha program, offering airdrops for active traders.

Support for the SUI ecosystem is also growing with 21Shares joining forces with the Su Network to develop joint product collaborations and market research.

The partnership may also lead to a SUI exchange-traded fund (ETF). The team highlighted Su as a high-throughput, scalable chain ideal for real-world assets, stablecoins, and DeFi.

Bitcoin Holds Steady Above Key Level Despite Low Retail Interest:

Bitcoin trades around the $103,528 level after a 23% surge in the last month, but retail interest remains low.

According to Buffinton, Google search data shows a six-month low in queries for Bitcoin.

He noted that retail interest spiked in 2024 when Bitcoin was at similar levels. The current quiet suggests more room for growth as new investors may still enter the market.

The triple apex formation on the Bitcoin chart, which usually leads to a 60% correction, has also not materialized yet.

Macroeconomic conditions and the U.S. dollar index are still in focus as they could impact the crypto market.

Rising Gas Fees on Ethereum Could Limit DeFi Activity:

Buffinton also mentioned the high gas fees on Ethereum (CRYPTO: ETH) which could be limiting decentralized finance activity.

DeFi protocols on Optimism, Arbitrum, and other L2 chains are expanding rapidly, and this could lead to more capital flowing into the DeFi ecosystem.

However, the high gas fees on Ethereum are preventing traders and arbitrageurs from moving between exchanges and L2 chains effectively.

See More: Best Cryptocurrency Scanners

"We're seeing a lack of arbitrage opportunities as a result of the high gas fees. This is an interesting point because when we had the March 2024 markets, we saw a lot of retail FOMO. But right now, there's a lack of interest despite the 85 rise in SUI over the last month," Buffinton said.

Gas fees on Ethereum have risen sharply this year due to increased blockchain activity and network congestion.

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Other articles published on May 17, 2025