- The market capitalization of the SUI ecosystem reached $8.54 billion, of which SUI is $5.4 billion and FDUSD is $3 billion.
- SUI is among the top three Altcoins in terms of net flow, occupying over 9% of the capital flow in the Ethereum ecosystem.
- As investors turn to the SUI ecosystem, SUI's dominance has surged 270%, reaching 0.27%.
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In October, the SUI ecosystem continued to attract investor attention, setting several notable new records.
While the recovery momentum of many Altcoins has stagnated, SUI hit a new all-time high (ATH) of $2.16 this month.
SUI Ecosystem Market Cap Exceeds $8 Billion
The market capitalization of the SUI ecosystem reached $8.54 billion in October. Of this, the individual market cap of SUI is around $5.38 billion, while the market cap of First Digital USD (FDUSD) is close to $3 billion. The daily trading volume of the entire ecosystem exceeds $6 billion, with the majority still dominated by SUI and FDUSD.
Other projects in the SUI ecosystem (such as decentralized exchanges (DEXs), MEME coins, and lending protocols) account for a smaller share. The market cap of MEME coins on SUI currently exceeds $296 million, an increase of 170% from $108 million at the beginning of October.
Typically, investors who purchase and hold SUI tend to reinvest their funds into other protocols and MEME coins within the ecosystem. This is similar to the surge in popularity of the Solana ecosystem last year.
SUI is One of the Top Three Altcoins in Net Flow in the Past Month
Further data indicates that SUI continues to attract positive signals from investors in the last quarter of the year. Artemis data tracks capital inflows and outflows across various ecosystems, and the data shows that SUI ranked third in Altcoin net flow over the past month, behind Ethereum and Solana.
In terms of cross-ecosystem bridge transactions, SUI accounts for over 9% of Ethereum's capital flow. These figures highlight the growing activity within the SUI network, reflecting ongoing user adoption and demand.
SUI Dominance Rises 270%, Reaching a New High of 0.27%
SUI dominance (SUI.D), which measures SUI's share of the total market capitalization, has risen significantly. The increase in dominance indicates that SUI is becoming the preferred choice for investors.
In just the past two months, SUI.D has surged 270%, reaching a new high of 0.27%, although it has since retreated to 0.26%. At this time, the market share of most other Altcoins is declining, while Bitcoin's dominance remains above 56%.
The trajectory of SUI is similar to that of SOL before its massive rally.
Through technical analysis, many investors are optimistically anticipating that SUI's price may follow a pattern similar to SOL. However, under the pressure of early investors taking profits, SUI may face a significant correction.
This is because the price has risen by nearly 120% in the past 30 days. In such a scenario, investors are bound to take profits.
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