Robust Fundamentals Power SUI’s 60%+ Weekly Gain as Network Taps Real-World Mastercard Payments

SUI price has exploded over 60% this week, driven by a 38% TVL jump and 177% rise in DEX volume. RSI suggests the rally is in overbought territory, but Fibonacci levels show a path to $4.98. Sui’s team up with xMoney and xPortal enables real-world payments with a branded Mastercard Sui Network ($SUI), a high-performance Layer 1 blockchain, has captured the spotlight this week, delivering standout gains exceeding 60% and hitting $3.71 before settling around $3.65 at press time, still a sharp leap from its intraday low of $2.96 . This rally isn’t just market noise; it’s underpinned by robust on-chain fundamentals, significant ecosystem expansion, and a strategic move into real-world Web3 payments. On-Chain Metrics Signal Strong Network Health Sui’s recent price action finds strong support in its on-chain data. According to Lookonchain, SUI’s total value locked (TVL) has climbed 38% in just one week to reach $1.645 billion. Meanwhile, 24-hour DEX volume skyrocketed 177% to $599 million. 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 reach… The post Robust Fundamentals Power SUI’s 60%+ Weekly Gain as Network Taps Real-World Mastercard Payments appeared first on Coin Edition .

Source: Coin Edition