- Sui ecosystem trading volume has soared 180% in Memecoin Frenzy.
- Since April 20, network activities have soared, and the value of SUI has reached $ 3.
that ON (SUL) The ecosystem showed explosive traction as the trading volume surged 180% ($ 3.8 billion) in the Memecoin craze.
Several memo people in the ecosystem have increased in the last 24 hours to double or triple numbers.
For example, tardi (tardi) and agent S (agent S) exploded 124% and 100%, respectively. Others like Blub and Lofi gathered 42%and 12%.
Source: CoinmarketCap (Sui Ecosystem Performance, April 23)
Overall, the market cap of ecosystems increased by 28% to $ 12 billion, emphasizing massive dumping among all chain traders.
Sue’s Dex volume explodes
The speculative interest above was strengthened by network towing. According to Defillama, SUI ‘S DEX transaction volume has soared from 30%to 549m over the last 24 hours.
In fact, this has been increasing since April 20.
Source: Defillama
On Monday, Dex volume surged to $ 327 million, with $ 549 million from Tuesday’s highest rally.
At the time of writing (Wednesday), the amount surged to $ 770 million, repeating speculative bubbles in the chain. Overall, SUI Chain has traded $ 2.5 billion worth of tokens over the last seven days.
As an extension, this means the demand for SUI as the basic token of users and chains. AmbCrypto has explored how these factors could increase the price rally of the SUI over the last two days.
Source: Artemis
According to the Artemis Data, the SUI price since mid -April is related to the strong surge in $ 2.1 to the daily activity address (YELLOW) and DEX trading volume (CYAN).
The active address reached 1.7 million on April 20, but Dex’s rise was much higher as of April 22, the SUI was much higher to $ 2.7.
Interestingly, the Wednesday rose to $ 770 million on Wednesday, rising to $ 2.9 with the extended rally. ERGO, DEX Volumes (Memecoin Frenzy) contributed to the rally. So what is the next step in Altcoin?
Source: SUI/USDT, TradingView
In the Daily Price chart, SUI has risen 26% over the last 24 hours, reaching $ 3.5. But I had to erase overhead obstacles (moving average) to $ 3 and $ 3.1.
In addition, every day RSI is close to an over -zone, suggesting that the rally may be slightly cooled before the next leg. uptrend Or go back.