Sui翻轉土壤

基於SUI [SUI]的投資產品上週捲土重來了，票房的流入率為1,170萬美元，而前一周為30萬美元。

Sui [SUI]-based investment products saw a strong comeback last week, posting $11.7 million in inflows compared to $0.3 million in the prior week. Interestingly, last week’s institutional interest in SUI surpassed Solana [SOL], which saw $3.3 outflows, per CoinShares’ weekly flows report.

基於SUI [SUI]的投資產品上週出現了強烈的複出，其流入率為1,170萬美元，而前一周為30萬美元。有趣的是，上週對SUI的機構興趣超過了Solana [SOL]，Solana [SOL]每週的流量報告中有3.3美元的流出。

Source: CoinShares

資料來源：Coinshares

Sui flips SOL

Sui翻轉土壤

Both Sui and Solana have been close rivals and occasionally flipping each other on the institutional flows front.

Sui和Solana都是親密的競爭對手，偶爾會在機構流動的前面互相翻轉。

However, SUI has remained fairly dominant on the price performance front, especially in late 2024 and in the recent Q2 2025 recovery.

但是，SUI在價格績效方面一直保持占主導地位，尤其是在2024年底以及最近第二季度的2025年恢復中。

Source: SUI/SOL ratio, TradingView

資料來源：SUI/SOL比率，TradingView

Between last November and mid-January 2025, Sui gained 177% against SOL. It rallied 60% extra against SOL in the recent recovery. In fact, it formed a bullish flag that could lead to an extra 35% rally if validated.

在去年11月至2025年1月中旬之間，Sui對Sol贏得了177％。在最近的恢復中，它額外反對SOL 60％。實際上，它形成了一個看漲的旗幟，如果得到驗證，可能會導致額外的35％集會。

In other words, Sui appeared more primed for better investor returns than SOL.

換句話說，SUI似乎比SOL的投資者回報率更高。

But do on-chain signals support such a Sui outperformance scenario?

但是，鏈上信號是否支持這樣的SUI勝過表現的情況？

Even though Solana was dominant in daily active addresses, TVL (total value locked), and DEX volumes, Sui registered a significantly higher uptick in traction on a year-to-date (YTD) basis.

儘管Solana在每日活動地址，TVL（總價值鎖定）和DEX量中占主導地位，但SUI的牽引力在年初至今（YTD）基礎上的牽引力明顯更高。

According to Artemis data, Sui’s daily active addresses surged 137% to 1.5 million on a YTD basis, while Solana’s users declined 24% to 3.8 million.

根據Artemis的數據，SUI的日常工作在YTD的基礎上飆升了137％至150萬，而Solana的用戶下跌了24％，至380萬。

The DEX (decentralized exchange) volume, which tracks speculative activity within the ecosystem, surged nearly 140% while Solana posted only an 8% uptick.

跟踪生態系統中投機活動的DEX（分散交換）量飆升了近140％，而Solana僅公佈8％的增長。

Source: Artemis

資料來源：Artemis

In short, the altcoin’s network traction was also reflective of its price outperformance. If the trend continues, it could lead SOL again on the price front.

簡而言之，Altcoin的網絡吸引力也反映了其價格優於性能。如果趨勢持續下去，它可能會在價格方面再次引導SOL。

According to crypto analyst Ali Martinez, the altcoin could extend its recovery to its all-time high of $5.4. This suggested a potential 34% jump from the current $4 level.

根據加密分析師阿里·馬丁內斯（Ali Martinez）的說法，Altcoin可以將其回收率擴展到5.4美元的歷史最高點。這表明潛在的34％從當前的4美元級別上升。

For his part, analyst Kaleo noted that the altcoin’s price action mirrored SOL’s trend in the 2020-2021 cycle. As a result, the altcoin could print a new ATH if the correlation stayed positive.

分析師卡萊奧（Kaleo）指出，Altcoin的價格行動反映了SOL在2020-2021週期中的趨勢。結果，如果相關性保持積極，則替補幣可以打印新的ATH。

Source: X

來源：X

Perhaps, another potential catalyst was the recent Phantom wallet integration with Sui. This would further juice the speculative interest and boost Sui’s DEX volume and overall price.

也許，另一個潛在的催化劑是最近與SUI的幻影錢包整合。這將進一步加入投機性的興趣，並提高Sui的DEX量和整體價格。

Overall, the altcoin has idiosyncratic catalysts to fuel its advance to a new ATH above $5.4. However, any negative macro update could stall the risk-on sentiment and the rally.

總體而言，Altcoin具有特質的催化劑，可以將其推向到高於5.4美元以上的新ATH。但是，任何負宏更新都可能拖延風險情緒和集會。