Key Takeaways:
- SUI reaches $9.02B market cap after an 8.92% rise.
- Scallop (SCA) price increases by 68.05% within a week.
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YEREVAN (CoinChapter.com) — The price of SUI has surged, reaching $3.17 after an 8.92% increase within the past 24 hours. This rise has pushed SUI’s market capitalization to $9.02 billion, securing its position as the 14th most valuable cryptocurrency.
Additionally, trading volume for SUI also saw a boost, totaling $3.28 billion in the past 24 hours, a 53.01% increase. With a circulating supply of 2.85 billion SUI out of a maximum supply of 10 billion.
Scallop (SCA) Gains Momentum with 68% Price Increase in Sui Ecosystem
Alongside SUI’s recent increase, Scallop (SCA), a lending protocol within the Sui network, has also shown steady growth. Over the past week, Scallop’s price has risen by 68.05%, reaching $0.4552. This rise indicates an increasing demand for DeFi services within the Sui ecosystem as more users utilize Scallop’s lending and borrowing options.
Scallop plays a functional role in the Sui network, offering financial services that add utility beyond the SUI token. In the last 24 hours, Scallop’s trading volume increased by 102.52%, reaching $17.69 million, signaling growing user engagement.
As $SUI Hits All-Time High, Suirum ($SUIR) Draws Interest as a Key Sui Memecoin
As SUI reaches its highest value to date, the Sui blockchain is becoming a popular space for new memecoins. Suirum ($SUIR) is emerging as one of the key tokens within this ecosystem. Unlike many other memecoins, Suirum aims to provide some practical value while keeping the community-centered and engaging spirit that defines memecoins.
Notably, Suirum is currently in its presale phase, where 600 million $SUIR tokens, or 60% of its total supply, are available. Interestingly, instead of a fixed presale price, the value of $SUIR is set by the total amount of SUI contributed by the community, giving participants a direct role in setting the token’s value. So far, over 50,000 SUI has been raised, with the presale ending soon.
In addition, after the presale, $SUIR will list on the Cetus Protocol at a price 50% above the final presale price. Specifically, this offers early contributors the chance to see some initial returns. This structure supports Suirum’s goal of a community-led approach while encouraging participation in the early stages of the project.
