SUI Becomes Third-Largest Defi Protocol as TVL and Token Price Surge
• SUI's total value locked (TVL) has surged to nearly $600 million, surpassing Cardano's TVL of $407 million • SUI's native token price has increased 131% alongside the rapid growth in TVL • SUI achieved over 6,000 transactions per second and 13.8 million blocks in one day, showing high scalability • SUI can achieve high performance with lower gas fees compared to networks like Ethereum • Some analysts caution that SUI's significant gains could be followed by a downward price correction