Sui Soars 23% as DeFi Ecosystem Gains Momentum and Analysts Turn Bullish

The Sui cryptocurrency has seen a major breakout, climbing 23% in the past 24 hours, driven by a surge of investor optimism surrounding its rapidly growing DeFi ecosystem, and a broader bullish turn in the cryptocurrency market. On top of that, last month’s headline-grabbing partnership with World Liberty Financial, a firm backed by U.S. president Donald Trump, is still driving interest in Sui.Trade Crypto on KrakenOnce considered an under-the-radar player in the smart contract platform arena, Sui has now secured its place among the top 10 DeFi ecosystems, ranking 9th globally in total value locked (TVL). This growth reflects a strong and accelerating wave of developer and user activity, as well as increasing investor confidence in the protocol’s scalability and execution.Sui has advanced to the 9th spot in the market cap rankings: Image source: DeFi LlamaOver the past few months, Sui has seen a sharp uptick in ecosystem adoption, with several decentralized finance (DeFi) projects experiencing outsized gains.Investor attention isn’t limited to SUI itself. Several major projects building on the Sui blockchain have posted significant price increases over the last week:These moves signal a broader bullish sentiment across the Sui ecosystem and underscore the maturity and resilience of its DeFi stack.Adding to the buzz, Raoul Pal, the founder of macro investment platform Real Vision and a highly influential voice in crypto circles, recently shared a bullish take on Sui. Posting a SUI price chart on X (formerly Twitter), Pal commented:I love $SOL but $SUI is my favoured child, if I need to have a favorite… pic.twitter.com/KUDHVuJF2HPal’s endorsement is seen as a significant stamp of macro-level approval, especially as he has historically focused on projects he believes offer structural growth potential.Another potential factor fueling this rally is Sui’s recent partnership with World Liberty Financial, a financial platform with ties to Donald Trump’s family. As we reported previously, the collaboration aims to bring tokenization and blockchain innovation to mainstream financial infrastructure. This has not only created a splash in crypto markets but has also drawn broader attention to Sui from outside the blockchain-native community.Get Started on Kraken