Phantom Wallet, um dos pontos de acesso Web3 mais usados, está planejando adicionar suporte para a rede SUI. A carteira, que até recentemente suportava Bitcoin , Ethereum e Solana , adicionará sua quarta cadeia L1.
Em breve, a SUI e seu ecossistema estarão acessíveis através do Phantom Wallet, um dos aplicativos Web3 mais usados. SUI é uma das cadeias L1 de tendência com métricas crescentes, cujo token nativo também atingiu um máximo histórico acima de US$ 4,20.
🚨BREA KIN G NEWS 🚨 @Phantom está chegando ao ecossistema Sui!
Uma carteira. Possibilidades infinitas. Recursos intuitivos de multichain. ✨
De pontes nativas a trocas contínuas de ativos, em breve você poderá explorar tudo o que Sui tem a oferecer com a carteira confiável de milhões.… pic.twitter.com/8jnDAgJUns
— Sui (@SuiNetwork) 5 de dezembro de 2024
On its side, Phantom announced the addition of SUI is imminent and the chain will become active soon.
The SUI network expanded in 2024, finally reaching a breakout after a slower performance in 2023. SUI is a relatively new arrival on the crypto market, launching after the 2022 turbulence had passed.
The chain carries more than 670K daily active addresses, closing in on Ethereum’s activity level. Phantom will add to the project’s exposure, as its trending section has raised multiple tokens from obscurity. This time, Phantom will add a whole new network, potentially tapping Solana users to test out the SUI ecosystem.
The addition of SUI raised expectations of introducing a meme token ecosystem. After the boom of Solana tokens, other chains created their own launchpads, including TRON, BNB Smart Chain, and even Ripple. This set up expectations for SUI to continue the trend.
SUI already has a tokenized ecosystem, valued at over $2.8B for all stablecoins and tokens. The multi-asset capabilities of Phantom may give those tokens more exposure and swapping opportunities.
Just before the announcement, SUI extended its rally, peaking at $4.49. Later, the native network token slid to $4.19. Trading volumes reached an all-time high at $4.16B for the past 24 hours, after an extended period of active trading. The current rally set expectations for SUI going above $7, continuing its bull market into 2025. SUI is also considered a prime candidate for being added to a Grayscale investment product.
Open interest for SUI expanded to $747M, an all-time peak. Most SUI derivative positions shifted to long as the rally showed significant strength.
The recent price expansion once again invited comparisons between SUI and Solana. SUI is considered to have a similar potential for influence as Solana, though still at an early stage. The token’s relatively low price also invites buyers who expect a breakout to a higher range.
The SUI rally at the end of 2024 is also steeper compared to the SOL expansion above $200. SUI started from lows of $0.70, bringing higher returns.
The rising price of SUI is boosting the chain’s DeFi and DEX sector. The chain already hosts $1.71B in total value locked, also reaching an all-time high. The SUI L1 chain carries $319M in stablecoin value, still lagging behind similar chains like Toncoin (TON).
SUI is still valued at just 7% of Ethereum’s value, lagging behind other top L1 chains. The project generates around $50K in daily fees, indicating still relatively low activity levels. The chief DeFi protocol is NaVi with more than $500M in value locked. SuiLend and Cetus are respectively the biggest lending protocol and the main DEX on the L1 chain.
The biggest setback for SUI is its complicated unlocking schedule. Only 35.75% of the SUI supply is unlocked, with multiple investor unlocks coming over the next few years. SUI has a long-term unlock plan, with regular inflows of under 1% of the supply. The next unlock is expected on January 1, releasing 81.91M SUI valued at $338.6M.
If the SUI ecosystem grows, the tokens may offer more holding incentives. In the case of an ongoing altcoin bull market, some SUI selling may be absorbed.
SUI is one of the best-financed projects in crypto and a promising L1. In total, all SUI rounds raised $385.3M, with $49.37M raised in a public sale. SUI is backed by Coinbase Ventures, Binance Labs, Andreessen Horowitz and other VC funds, raising the bulk of its funds in a $300M Series B financing. For now, SUI has broken out, not behaving like a VC coin with constant selling and price pressure.
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