SUI Rallies to All-time High

Layer 1 blockchain Sui is setting all-time highs in terms of token price and total value locked (TVL) after announcing its upcoming integration with Phantom Wallet. SUI is up 12% in the last 24 hours, and the chain’s TVL has been on a parabolic rise this year, eclipsing $1.8 billion today after opening 2024 at $220 million. The rally brings SUI’s fully diluted valuation (FDV) up to $41 billion, making it a top 10 cryptocurrency by that measure. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant