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

TheCryptoTimes2025-04-24 tarihinde yayınlandı2025-04-24 tarihinde güncellendi

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

İlgili Okumalar

Bitcoin's Dormant Capital Has Finally Awakened

Bitcoin, the largest and most secure cryptocurrency, has historically been underutilized, with over 60% of its supply dormant for more than a year and less than 1% engaged in DeFi. While other ecosystems like Ethereum and Solana evolved with smart contracts and vibrant economies, Bitcoin’s largely remained a passive asset due to its security-first architecture, limited scripting capabilities, slow upgrade processes, and cultural conservatism. Previous workarounds—wrapped BTC, federated systems, cross-chain bridges, and sidechains—introduced trust assumptions, custodial risks, and security vulnerabilities, failing to align with Bitcoin’s trust-minimized ethos. Recent breakthroughs are changing this. Innovations like BitVM enable Bitcoin to verify off-chain computations without executing them, allowing for Bitcoin-backed rollups, trust-minimized bridges, and programmable vaults. Upgrades like Taproot have expanded Bitcoin’s capabilities, enabling native assets (e.g., Taproot Assets for stablecoins) and more complex cryptographic structures. New models also allow Bitcoin to earn yield natively—through staking, restaking, and Lightning Network-based liquidity provision—without leaving self-custody. This emerging BTCFi ecosystem comprises infrastructure for secure execution environments, verifiable bridges, yield markets, and Bitcoin-native assets, all without compromising Bitcoin’s core security or self-custody principles. This marks the first time Bitcoin has a financial ecosystem capable of supporting its trillion-dollar market cap, potentially unlocking vast dormant capital and integrating it into a productive, decentralized economy.

深潮2 dk önce

Bitcoin's Dormant Capital Has Finally Awakened

深潮2 dk önce

LA do-gooder claims he collected 100K pounds of trash from streets — blames city for slow collection: ‘Just do your job’

A Los Angeles resident who has taken it upon himself to clean up the city's streets claims to have personally collected over 100,000 pounds of trash. He is now criticizing the city's sanitation department for its slow collection services, which he says undermines his and other volunteers' efforts. His message to city officials is a direct plea for them to fulfill their basic responsibilities: "Just do your job."

nypost18 dk önce

LA do-gooder claims he collected 100K pounds of trash from streets — blames city for slow collection: ‘Just do your job’

nypost18 dk önce

Crypto Morning Brief: HashKey Discloses IPO Details, SEC Concludes Two-Year Investigation into Ondo

Crypto Briefing: HashKey Group, the parent company of Hong Kong's licensed exchange HashKey Exchange, has disclosed its public offering details, aiming to raise up to HK$1.67 billion with trading expected to begin on December 17. In regulatory developments, the U.S. SEC has closed its two-year investigation into Ondo Finance without filing charges, continuing a trend of dropped cases under its current leadership. Meanwhile, the CFTC launched a digital asset pilot program allowing Bitcoin, ETH, and USDC as collateral in derivatives markets. Major U.S. bank CEOs are set to meet with senators to discuss crypto legislation, focusing on stablecoin regulations. In other news, Bittensor will undergo its first token halving on December 14, reducing daily TAO issuance to 3,600. Binance confirmed an employee misused internal information for personal gain and has suspended them. MicroStrategy purchased an additional 10,624 BTC, bringing its total holdings to 660,624 BTC. Ripple completed a $500 million share sale with special investor protection clauses. Market commentary included a UAE official calling Bitcoin a key pillar of future finance, while Chinese media warned against risks in currency innovation.

深潮23 dk önce

Crypto Morning Brief: HashKey Discloses IPO Details, SEC Concludes Two-Year Investigation into Ondo

深潮23 dk önce

On the Eve of the Fed Rate Cut, Has the Bitcoin Bear Market Already Completed 90%?

Bitcoin's bear market, measured against gold rather than the U.S. dollar, may be 90% complete. Analysis shows that BTC/gold peaked in December 2024 and has since declined over 50%, breaking below the 350-day moving average—a historical indicator of bear market onset. Previous bear cycles in gold terms saw drawdowns of 76–86% over 350–400 days, suggesting the current 51% decline over a similar period may be nearing a bottom. Key retracement levels from Fibonacci analysis indicate strong support zones. The 0.618 and 0.5 Fibonacci levels from the last cycle low to the recent high correspond to approximately 22.81 and 19.07 ounces of gold per bitcoin, respectively. When converted to U.S. dollars, these suggest a potential accumulation zone between $67,000 and $80,000. Multi-cycle technical signals and reduced selling pressure from increased institutional adoption imply the bear market may conclude earlier than expected, with the current phase offering a strategic entry point.

marsbit27 dk önce

On the Eve of the Fed Rate Cut, Has the Bitcoin Bear Market Already Completed 90%?

marsbit27 dk önce

Hassett: Setting a Six-Month Interest Rate Roadmap 'Irresponsible', Praises Powell's Leadership

White House National Economic Council Director Kevin Hassett emphasized that pre-setting a six-month interest rate path would be "irresponsible," advocating instead for data-dependent monetary policy. In a CNBC interview, he praised Fed Chair Jerome Powell’s leadership in building consensus within the FOMC ahead of an expected rate cut. Hassett avoided specifying the number of rate cuts needed, underscoring the importance of flexibility over rigid forward guidance. He also expressed optimism about AI-driven positive supply shocks, similar to the 1990s tech boom, which could allow the economy to run hotter without inflation. Hassett noted improved bond market conditions and downward trends in Treasury yields, reflecting uncertainty around the Fed’s upcoming decision. His comments highlight the need for adaptive, data-driven policymaking in a complex economic environment.

marsbit30 dk önce

Hassett: Setting a Six-Month Interest Rate Roadmap 'Irresponsible', Praises Powell's Leadership

marsbit30 dk önce

İşlemler

Spot
Futures
活动图片