SUI Surges as Top L1 Contender Ahead of Basecamp

Route 2 FI

/2025.04.24 17:18:36

$SUI jumps 30% today, up nearly 50% from this month’s low, fueled by strong DeFi growth, rising TVL, and exchange listings. It now ranks #9 by TVL (~$1.8B) and #6 by DEX volume. With over $900M in stablecoins and Sui Basecamp approaching, sentiment is bullish as SUI positions itself as a leading L1 alongside Solana.

$SUI is one of the strongest coins out there. Up 30% today to $2.90 — nearly 50% since the local bottom earlier this month.

What’s driving the bullish sentiment for @SuiNetwork:

-Shaping up to be the trade of the cycle. Many want another L1 winner alongside Solana. Sui is leading the trend.

-One of the biggest chains by most metrics — now #9 by TVL (~$1.8B) and #6 by monthly DEX volume, closing in on Arbitrum

-DeFi growth: $900M+ in stablecoins on Sui and 10%+ of TVL is in BTC bridged to Sui

-Ecosystem traction: $DEEP up 67% in the past week after tier 1 exchange listings and $WAL is in the top 100

-Sui Basecamp coming up next week (Sui’s biggest event of the year, think ETH CC, but for SUI). Could be some bullish catalysts they've been holding off.

Disclaimer: I’m bullish on $SUI and still holding my position.

Source # SUI # DeFi # Layer1 # Altcoins

Add to Favorites Download image Share x Copy link

Relevant content

Bitcoin’s Next Move: Sideways Relief Before a Deeper Bear Market?

Bitcoin may enter a prolonged sideways phase between $57K and $87K as markets enter a relief period following a 52% drop from ATH. This consolidation could mirror the 2022 fractal, creating liquidity before a potential breakdown toward the $44K–$50K range.

Doctor Profit/2026.03.09

Bitcoin Crypto Bearish Liquidity Fractal

From “Buy $1 of Bitcoin” to Token Controversies: The Davinci Jeremie Story

Davinci Jeremie urged people to buy $1 of Bitcoin in 2013 and became a symbol of early conviction. Years later, fame, lifestyle flexing, and token promotions sparked criticism. His journey reflects both crypto foresight and influencer-era controversy.

StarPlatinum/2026.03.04

Davinci Bitcoin Influencer Tokens Controversy

Jane Street Under the Microscope: Liquidity, Derivatives, and Market Disruption Claims

A sweeping narrative ties Jane Street to India’s expiry-day options case, alleged 10AM Bitcoin sell patterns, Terra’s collapse, and ETF plumbing. While none prove misconduct, critics argue a common structure: move spot, monetize derivatives, keep execution opaque.

Bull Theory/2026.02.27

JaneStreet Derivatives Liquidity Bitcoin Terra

Jane Street, ETFs, and Bitcoin: Allegations, Market Structure, and the 10AM Debate

A controversial narrative links Jane Street, ETF mechanics, and Bitcoin’s price behavior, pointing to lawsuit allegations, 10AM volatility patterns, and derivative hedging dynamics. The discussion raises broader questions about liquidity, structure, and price discovery.

Justin Bechler/2026.02.26

Bitcoin JaneStreet ETF Volatility Derivatives

Jane Street and Terra: Revisiting the UST Collapse Through New Allegations

A new federal lawsuit alleges Jane Street exploited non-public information tied to Terraform’s liquidity defenses, accelerating UST’s depeg and the Terra collapse. The firm denies the claims. The case may reignite debates on structure, design, and regulation.

Diana/2026.02.25

Terra JaneStreet UST Lawsuit Depeg

Bitcoin at Extremes: Oversold Signals and the Bottom Formation Thesis

Mean reversion and on-chain models sit at levels historically linked to bottom formation after capitulation. Realized losses reached record USD values, while deviations from anchor models remain extreme. Price pain may be fading; patience remains key.

Checkmate/2026.02.25