Sui Flips Chainlink’s Market Cap As Its Price Pumps 44% in 7 Days

TheCryptoTimesPublished on 2025-04-24Last updated on 2025-04-24

The high-performance layer 1 blockchain network, Sui has flipped Chainlink in market cap as its price pumps over 44% in the past 7 days. With this shift, Sui is now the 11th largest crypto asset while being positioned in rows of Tron and Cardano. 

Chainlink’s market cap, which is currently $9.46 billion, has been swiftly surpassed by that of Sui today following the recent push in SUI price. The market cap of Sui firmly touched the $10 billion mark before it pushed back in a decent decline with it now sitting at $9.76 billion. 

As per latest market data, SUI price has pumped 43.58% in the past 7 days with it now trading at $3 with a 24 hour trading volume of $2.68 billion. 

Sui Price Pumps 44% In 7 Days
Sui Price Pumps 44% in 7 Days – Source: CoinMarketCap

The increased attention on the Sui network in the past few weeks is attributed to some major developments in recent times. Earlier this month, the CBOE filed for a spot SUI ETF with the SEC which marked a turning point for this altcoin. 

Meanwhile, memecoins like MUI, LOFI and BLUB and DEEP token – which all are deployed on the Sui network – have also helped SUI price spikes rapidly in the past 7 days. 

Can SUI Enter in the Top 10 Crypto List?

Sui currently sits at the 11th position among largest crypto assets by market cap. To enter the top 10 crypto club, it will need a push of more than double of is current market cap in order to surpass Tron, which is at 10th number. 

Sui Market Cap Surpass Chainlink – Source: Coinmarketcap
Sui Market Cap Surpasses Chainlink – Source: CoinMarketCap

While it seems hard for as of now, the crypto industry is full of surprises and a continued surge could make it possible for Sui to break into the top 10 positions. 

Also read: Ethereum won’t survive in 10 years: Charles Hoskinson of Cardano

Related Reads

After HashKey's Listing: Behind the Glory, How to Balance the Two Bowls of "Coin" and "Stock"?

On December 17, 2025, HashKey Group became the first licensed digital asset exchange in Hong Kong to go public. While many see this as a milestone suggesting a future akin to Coinbase, the reality is more complex. Listing marks a new phase where HashKey must navigate challenges beyond regulatory approval, including market performance and dual valuation mechanisms. Unlike Coinbase, whose stock is heavily influenced by trading volumes and market cycles, HashKey operates as a comprehensive platform offering trading, custody, asset management, and compliance services. Its revenue model is slower and less directly tied to market volatility, making Coinbase’s valuation logic inapplicable. A core challenge is balancing its publicly traded stock price with its native ecosystem token, HSK. Although HashKey states that HSK is solely a utility token for platform fees, the two assets operate under different market logics: stock price reflects traditional corporate performance and governance, while token price is driven by narrative, sentiment, and external factors. As a public company, HashKey must adhere to strict disclosure rules under securities law, yet its Web3 operations involve 24/7 markets where information spreads rapidly. This raises questions about timely disclosure, insider information, potential conflicts of interest, and market manipulation risks. The key to balancing stock and token isn’t synchronizing their prices, but establishing consistent, transparent governance and disclosure frameworks for both. HashKey must demonstrate it can manage dual expectations without compromising regulatory compliance or investor trust. Its listing represents a new corporate form merging Web3 innovation with public market accountability. The industry will watch whether HashKey can sustainably manage these dual pressures and set a precedent for future Web3 enterprises.

marsbitHace 7 min(s)

After HashKey's Listing: Behind the Glory, How to Balance the Two Bowls of "Coin" and "Stock"?

marsbitHace 7 min(s)

2025 Global Crypto Regulatory Map: The Dawn of the Co-optation Era, The Year Crypto and TradFi Converged

2025 marks a pivotal turning point for the global crypto industry, transitioning from a period of unregulated growth into an era of institutional integration. The U.S. led a significant regulatory shift with the passage of the GENIUS Act, establishing a federal framework for stablecoins and recognizing crypto as a distinct asset class. Under new SEC leadership, the aggressive enforcement approach was replaced with compliance-friendly policies, including innovation exemptions for DeFi and DAOs. Meanwhile, the EU fully implemented MiCA, raising compliance standards and consolidating oversight across member states, though at the cost of pushing out smaller players. Hong Kong enacted its Stablecoin Ordinance, positioning itself as a hub for institutional crypto and real-world asset (RWA) tokenization, while Japan proposed major tax reductions to attract crypto investment. The overarching theme is “incorporation”—regulators are systematically integrating crypto into traditional financial systems. Stablecoins are at the forefront of this change, facing new compliance requirements and market reshuffling. While regulation brings legitimacy and institutional capital, it also challenges crypto’s decentralized ethos. The industry must now navigate this new landscape, balancing compliance with innovation.

marsbitHace 9 min(s)

2025 Global Crypto Regulatory Map: The Dawn of the Co-optation Era, The Year Crypto and TradFi Converged

marsbitHace 9 min(s)

Hyperliquid team to unlock 1.2 mln HYPE tokens on January 6 – Details

Hyperliquid has announced a scheduled token unlock for January 6, with the team’s allocation reduced by 30% from 1.7 million to 1.2 million HYPE tokens. This change is speculated to align with lower platform revenues, which fell 30% month-on-month to $73 million in December. Revenue decline has slowed the pace of daily buybacks from nearly $3 million to under $500,000 since November. Additionally, Hyperliquid’s market share in the perpetual DEX space has dropped sharply from 75% in May to 14% in December, due to rising competition from platforms like Lighter and ASTER. Despite these challenges, HYPE’s price has shown steady recovery since mid-December.

ambcryptoHace 12 min(s)

Hyperliquid team to unlock 1.2 mln HYPE tokens on January 6 – Details

ambcryptoHace 12 min(s)

Panga Capital: Three Crypto Narratives — Clarifying Semantics to Uncover Opportunities

Crypto should be viewed not as a single industry but as a new asset class and foundational technology—similar to electricity or the internet—that will reshape existing industries and create entirely new ones. It enables the transfer of value at near-zero marginal cost, much like the internet did for information. The term "Crypto" often conflates three distinct concepts: 1. **CryptoMoney**: The "hard money / store of value" narrative, exemplified by Bitcoin, which still has significant growth potential relative to gold's market cap. 2. **CryptoTech**: Infrastructure like Layer-1 blockchains. While innovation continues, many developers find existing tech "good enough," making extreme returns here less likely. 3. **CryptoApplications**: User-facing B2C/B2B apps and new business models that leverage crypto for superior or cheaper solutions. This category includes emerging use cases like stablecoins, prediction markets, and AI-agent economies operating on-chain. The convergence of AI and Crypto is particularly promising, enabling agent-to-human economies where value creation and consumption occur on-chain. Regulatory clarity outside the U.S. may further accelerate development. Although all three areas use the term "Crypto," the greatest wealth creation and 1000x opportunities are expected in CryptoApplications. The industry is poised to reinvent entire sectors, moving beyond the internet’s restructuring of information to restructuring value itself.

marsbitHace 17 min(s)

Panga Capital: Three Crypto Narratives — Clarifying Semantics to Uncover Opportunities

marsbitHace 17 min(s)

In Web3 Storytelling, You Don't Need Creativity

In the Web3 content space, many creators mistakenly believe they lack creativity, but the real issue is the absence of contrast in their narratives. Contrast refers to a shift or change—such as moving from "before" to "after," "expectation" to "reality," or "belief" to "realization"—that makes content engaging and memorable. Without this transformation, content remains flat and forgettable, merely presenting information like features, data, or promises straightforwardly. The human mind is activated by unexpected changes, not linear facts. For example, instead of stating "Solana is fast and cheap," a contrast-driven approach would describe the surprise of a transaction completing instantly. This creates a relatable moment. Embracing contrast often involves acknowledging past mistakes, doubts, or uncertainties, which fosters authenticity and connection with audiences. To incorporate contrast, ask: "What changed here?" Include elements like a mistaken assumption, a moment of hesitation, or an unexpected outcome. In Web3’s noisy environment, contrast helps content stand out without needing exaggerated creativity—just genuine, relatable shifts.

marsbitHace 22 min(s)

In Web3 Storytelling, You Don't Need Creativity

marsbitHace 22 min(s)

Trading

Spot
Futures

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of S (S) are presented below.

活动图片