The SUI ecosystem’s market capitalization has climbed to $8.54 billion, with SUI itself contributing $5.38 billion. SUI currently ranks third in altcoin netflow, trailing Ethereum and Solana. The coin’s dominance has surged by 270% to 0.27%, though there are warnings of a potential market correction.
In October, the SUI ecosystem has garnered significant investor interest, breaking records and outperforming many other altcoins. While many cryptocurrencies are struggling to sustain recovery, SUI hit a new all-time high of $2.16, reflecting its strong market performance.
According to CoinMarketCap, the total market cap of the SUI ecosystem has reached $8.54 billion, with SUI tokens accounting for $5.3 billion and First Digital USD (FDUSD) adding close to $3 billion. The ecosystem’s daily trading volume has surpassed $6 billion, largely driven by activity in SUI and FDUSD.
Meme coins within the SUI ecosystem have also seen notable growth, with their market cap increasing by 170% since early October, now exceeding $296 million.
This growth echoes the rise of the Solana ecosystem last year, as SUI holders reinvest in various ecosystem protocols. Data from Artemis confirms SUI’s growing appeal, ranking it third in altcoin netflow over the past month, behind Ethereum and Solana. SUI now represents over 9% of capital flow from Ethereum in cross-ecosystem bridge transactions, underscoring its increasing activity and user adoption.
SUI’s market dominance (SUI.D) has surged 270% over the past two months to reach 0.27%, even as most altcoins experience declines, and Bitcoin’s dominance remains above 56%.
