The post Can SUI’s ecosystem boom help prices reach new highs? – Analyzing… appeared on BitcoinEthereumNews.com.

SUI’s largest protocols are in a neck-and-neck race in TVL as the L1 blockchain thrives on developer growth. SUI price could maintain the current bullish structure is supported by the growing on-chain and protocol activity.  Sui [SUI] saw more than 10% growth in gains, while its volume surged by more than 141% in the last 24 hours. The growth in the Sui ecosystem can be attributed to a couple of reasons, which have had a hand in price growth since its inception. Here is a look at some of them; SUI ecosystem thriving on… Suilend and NAVI have emerged as the top two protocols on the SUI network in terms of Total Value Locked (TVL), with only a narrow gap of $12 million separating them.  According to Torero Romero, Suilend holds $539.1 million in TVL, while NAVI follows closely with $527.5 million. Both protocols have experienced significant TVL growth since Q4 2024, peaking in January 2025.  However, their trajectories differ: NAVI’s growth has been more stable, while Suilend’s TVL has shown greater volatility, marked by sharper swings. Source: Torero_Romero/X The competition highlighted a vicious battle in the race to the top between the two in the SUI DeFi sector. That way, user capital flows and protocol utility could easily determine the next dominant force. Additionally, SUI saw phenomenal developer growth rate with an increase of +16.1% year over year, which ranked second only to Solana at +17.7%. What is more interesting, SUI was the best network in terms of two-year developer growth with +54%, when all other networks were far behind. Source: Altcoin Buzz/X This was contrasting, however, with the wider tendency. In aggregate, the number of crypto developers had decreased by 20%. Although the majority of EVM Layer 1 chains headed in the negative growth direction, SUI showed a…

---

Filed under: News - @ July 3, 2025 6:22 pm