SUI has gained significant traction in the first quarter, driven by an increase in daily active wallets and total value locked in the network. Over just one week, SUI’s price skyrocketed by 60%, fueled by potential new ETF announcements and the burgeoning decentralized finance (DeFi) sector.

This surge showcases investors’ growing confidence in SUI as it navigates a favorable market environment. As more users engage with DeFi applications, the demand for tokens like SUI is likely to climb, solidifying its position in the cryptocurrency landscape.