SUI set for 165% price surge as Sui DEXs hit new trading milestone

Sui (SUI) led altcoin gainers the previous week as Bitcoin targeted the $100,000 psychological mark. The altcoin thrived as Sui-based decentralized exchanges set new records. Sui DEXs recorded a whopping $3.649 billion in trading volume between April 20 and 26, as per data from DeFiLlama , marking a new weekly all-time high. Wu Blockchain @WuBlockchain · Follow According to DeFiLlama data, the trading volume on Sui DEXs reached $3.649 billion over the past week (April 20–26), marking a new all-time weekly high. Cetus accounted for 42.8% of the total Sui DEX trading volume. Momentum surpassed Bluefin to become the second-largest Sui DEX 2:08 pm · 28 Apr 2025 43 Reply Copy link Read 5 replies The milestone reflects surged activity within the SUI ecosystem and has sparked debates about the alt’s potential price reactions. Can the surged volumes fuel the anticipated Sui rally to $10? That would mean a nearly 165% increase from the token’s current price. Sui DEXs shatter records On-chain data shows that Sui-based decentralized exchanges witnessed a massive demand within the past seven days. The blockchain saw weekly trading volume topping $3.649 billion, cementing Sui’s status among the leading L1 platforms. Various factors fueled Sui’s growth in the past few sessions. Lookochain highlighted a 38% surge in the protocol’s total value locked. Also, increased decentralized exchange activities kept the altcoin afloat. Lastly, Sui has witnessed a significant growth in stablecoins within the past two months. Stablecoins on the Sui network increased by over 80% from $482 million to $879 million. Cetus leads, Momentum climbs to second place Cetus dominated the DEX activity on Sui in the past week, accounting for 42.8% of the overall trading volume. Meanwhile, Momentum overtook Bluefin to claim the second rank. The former saw a massive $91.59 million in volume within a day on April 27, indicating a shift in user preferences. Momentum’s lower fees, impressive liquidity incentives, and integration with top Sui-based projects drive its growth. SUI price outlook The native token exhibited a bullish stance amidst the optimistic updates. SUI trades at $3.78 after gaining 5.65% in the past 24 hours. Chart by CoinMarketCap It has pushed its weekly gains to 70%, and the increasing 24-hour trading volume signals more uptrends before possible corrections. The soaring TVL and trading volumes hint at a vibrant ecosystem. With the prevailing broad-based recoveries, SUI bulls target psychological resistance at $5.00. Overcoming this obstacle will open the path for accelerated gains. Digital assets enthusiast and investor Crypto GEMS believes SUI at $10 in the upcoming months is inevitable. That would translate to an approximately 165% upsurge from the alt’s current price. Source – X Meanwhile, broad market sentiments could influence SUI’s performance. Digital currencies trade in green as Bitcoin seeks a candle closing above $95,000, which could support rallies to new all-time highs. BTC trades at $95,385 after gaining 10% and 2% in the past week and day. A decisive move past $95,000 would open the gates to $100,000 and shift the market’s trajectory to bullish. Such a move would trigger significant rallies in the altcoin space, fueling SUI to its targeted highs. The post SUI set for 165% price surge as Sui DEXs hit new trading milestone appeared first on Invezz

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