TLDR
- SUI token has surged 44% in July, outperforming Ethereum and Solana among Layer 1 blockchains
- Total Value Locked (TVL) reached an all-time high of $2.2 billion, showing real ecosystem growth
- Monthly fees jumped 42% to $42,000, doubling Ethereum’s fee growth in the same period
- SUI/BTC ratio posted its strongest intraday gain in over two months with 10.14% increase
- Analysts target $5 price level for Q3 2025 as institutional adoption accelerates
Sui has emerged as a standout performer in the Layer 1 blockchain space this July. The token has gained 44% during the month, currently trading near $3.90.
This performance puts SUI ahead of major competitors like Ethereum and Solana. The token’s market cap has increased 44.7% since July began, compared to Ethereum’s 9.2% rise in the same timeframe.
The SUI/BTC ratio shows strong momentum with a 10.14% intraday gain. This marks the pair’s strongest performance in over two months, signaling capital rotation into the token.
In contrast, both ETH/BTC and SOL/BTC ratios are stalling at resistance levels. SUI has gained over 30% on the week, closely tracking Bitcoin’s 10% breakout.
The token’s Total Value Locked reached an all-time high of $2.219 billion. This metric indicates real ecosystem traction beyond simple price speculation.
DeFi Ecosystem Shows Strong Growth
DeFi protocols on Sui have seen their TVL rise 480% to $1.8 billion. Key protocols driving this growth include NAVI and Cetus.
The integration of tBTC and Peg-BTC has enhanced the ecosystem’s capabilities. These additions provide more options for users looking to deploy capital on the network.
Monthly fees on the Sui network jumped 42% to $42,000. This growth rate is double that of Ethereum in the same period, showing increased network usage.
Bluefin launched high-frequency trading capabilities tailored for institutional traders on July 10. This development contributed to a 128.51% volume surge and 9.12% price increase.
Technical Indicators Point to Continued Momentum
Current technical analysis shows SUI trading at $3.89 with strong bullish indicators. The RSI reading of 71.90 indicates overbought conditions but sustained upward momentum.
The MACD shows a bullish crossover at 0.1912, suggesting momentum is increasing. Key resistance sits at the $4.00 level, with support at $3.90.
A breakout above $4.03 could signal a move toward $5.36, the next major resistance level. Analysts have set a $5 target for Q3 2025 based on current trends.
The token unlocked 44 million SUI tokens on July 1, representing 1.3% of circulating supply. This added $122.3 million in liquidity to the market with neutral price impact.
Moving averages show the token trading above key levels. The SMA7 sits at $3.52, while the SMA20 is at $3.07.
The Stochastic %K reading of 91.88 indicates overbought conditions. However, this has been sustained throughout the recent rally.
Institutional adoption has accelerated alongside retail interest. Trading volume has increased as more sophisticated players enter the market.
The token’s price has followed Bitcoin’s rebounds closely this cycle. Each BTC recovery has been followed by sharp gains on SUI’s daily chart.
Current price action shows SUI approaching the key $4 supply zone. This level previously provided resistance and could determine the next move.
Recent developments position Sui as a key player in the blockchain space. Growing developer and investor interest supports the bullish outlook.
The network’s high throughput and developer-friendly infrastructure attract new projects. This foundation supports longer-term growth prospects beyond current price action.
SUI closed Monday’s trading session at $3.96, testing the $4 resistance level with 13.52% intraday gains.
