- SUI ecosystem trading volume exploded like my attempts at cooking—180% spike.
- Since April 20th, network activity’s been so hot it’s basically giving global warming a run for its money.
The Sui [SUI] ecosystem just decided to crash the crypto party with trading volumes shooting up 180% ($3.8 billion). And yes, memecoins are still proving that anything with a goofy name can become a star overnight.
Memecoins like Tardi [TARDI] and Agent S [AGENT S] didn’t just walk—they sprinted up 124% and 100%, respectively. Meanwhile, BLUB and LOFI took a more casual jog, rallying 42% and 12%. Because some of us like to party hard, some like to party mild.
All told, the ecosystem’s market cap jumped 28% to a cool $12 billion—which is basically like winning the lottery but for crypto nerds. 🎉
Sui’s DEX volume: Blowing up like your group chat on meme night
Sui’s decentralized exchange volume also decided to join the frenzy, spiking 30% to $549 million, according to the wise sages over at DeFiLlama. Which sounds like something from Jurassic Park but is actually just data.
This bonkers trend actually kicked off on April 20th—so, new meaning to “get in on 4/20.”
Monday saw volumes hit $327 million, then Tuesday brought it to $549 million, and by Wednesday, volumes exploded to a jaw-dropping $772 million. Honestly, the only thing growing faster than these numbers is my skepticism.
The Sui chain racked up $2.5 billion worth of tokens traded over seven days—which sounds way more than my weekly Amazon spend. Coincidence?
More users meant more address activity and—guess what—a bigger demand for that shiny native token, SUI. AMBcrypto tried to figure out if these party crashers helped pump SUI’s price in the last couple of days. Spoiler: they did.
Artemis data showed the SUI price bouncing from $2.1 in mid-April while daily active addresses (yellow line—it’s not because they’re sunburned) and DEX trading volumes (cyan line, or as I like to call it, “the hype train”) surged.
Active addresses peaked at 1.7 million on April 20th, but it was the continuing DEX volume spike that pushed SUI higher to $2.7 by April 22nd. Because nothing says pump like a crowd of digital nosy parkers.
By Wednesday, volumes climbed to $777 million, coinciding with SUI hitting $2.9—a number so nice, they said it twice.
On the daily chart, SUI shot up 26% in 24 hours, eyeing the $3.5 level like a cat stalking a laser pointer. But it had to clear some “moving averages” hurdles at $3 and $3.1—basically the crypto equivalent of stepping over Lego bricks in the dark.
The daily RSI nudged toward “overbought,” which means the party might take a little breather before deciding whether to rage harder or play it cool. Either way, grab your popcorn. 🍿
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2025-04-24 05:17