The rapid recovery in Bitcoin and altcoins has attracted attention in the cryptocurrency market this week. The BTC price has risen above $94,000, while it is traded at an average of $93,000. At this point, Bitcoin remains above $93,000, while Ethereum (ETH), XRP, BNB, Avalanche (AVAX) are stable. Solana (SOL) is up 2.6%, while Dogecoin (DOGE) and Cardano (ADA) are up 4%. SUI Attracts Attention with Its Rise! Outside of the majors, Sui Network’s native token SUI rose by &18.5 in the last 24 hours, taking its weekly gains to 70%. Continuing its multi-day rally, SUI’s bullish catalysts include the move by ecosystem company xPortal, which has launched a SUI-branded payment card that operates on the Mastercard network. Catalysts were also cited to include TVL, DEX volume, and stablecoin growth. Cryptocurrency analytics firm Lookonchain attributed the 60% increase in SUI’s price to a combination of increasing total value locked (TVL), decentralized exchange (DEX) volume, and stablecoin growth on the network. According to the data, the TVL of the Sui blockchain increased by 38% to $1.65 billion last week, while the daily DEX volume increased by 177% to $599 million. The value of stablecoins on the network also increased by 82% in two months, from $482 million to $879 million. SUI continues to trade at $3.53 after the rise it experienced. The $SUI price has surged by 60% in the past week. What is driving the rise of $SUI ? TVL has increased by 38% in the past week to $1.645B. DEXs Volume(24h) has reached $599M, a 177% increase from last week. Stablecoins on #Sui have grown rapidly over the past two months,… pic.twitter.com/X3m0FdGo9O — Lookonchain (@lookonchain) April 25, 2025 *This is not investment advice. Continue Reading: Altcoin Listed on Binance Is Silently Rising! Here Are the Reasons for the Rise!
