CandleFocus Sui Celebrates Major USDC Milestone Less Than 2 Months After Launch
2024-11-10
Author: Content Editor
The Sui network has achieved impressive growth in various aspects of its operations, with the USDC stablecoin surpassing $100 million on its network in less than 8 weeks since its launch. The network's stablecoin marketcap peaked at $438.4 million on October 8th but has since recovered to $388.03 million. The SUI token volume reached its highest daily on-chain volume of $2.416 billion on November 7th. The network's total value locked approached its previous all-time high at $1.1 billion. The SUI cryptocurrency has experienced rapid recovery, reaching its highest historical price of $2.38 on November 7th. However, there is a possibility of a bigger pullback if demand weakens, but there is also potential for further upside if the current support is broken.
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