SUI’s performance has been impressive, outperforming SOL by 30% in January 2025. The strong growth trend which began last September continues, making SUI a notable competitor in the layer 1 space. This period also saw a 30% increase in active addresses on the SUI network.
SUI’s network saw significant growth, with gas consumption rising from 16,000 to 21,000 units and an increase in transactions. This activity contributed to SUI’s price reaching approximately 5 USD. A bullish momentum suggests a possible increase to 6 USD or more in the short term.
There is speculation that SUI might overtake ADA in terms of market cap by February 2025 if its growth continues. Currently priced at 15 billion USD, SUI is catching up to ADA’s 32 billion USD. A positive market sentiment is reflected by 57% of top traders on Binance believing in SUI’s upward trend.