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Sui Eyes $5.30 as TVL Tops $2.18B and Daily Users Hit 1.5 Million
By: cryptofrontnews|2025/05/15 11:00:10
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Sui’s TVL has surged to $2.18B, nearing all-time highs with rising DeFi adoption.Daily active users remain strong, peaking at 1.7M with continued Phantom Wallet support.SUI price eyes $5.30 as it consolidates above $3.85 with bullish RSI and MACD signals.Sui continues its upward trend as total value locked (TVL) surpasses $2.18 billion, approaching all-time highs. The network shows consistent growth across key metrics, including active users and decentralized exchange (DEX) volume. As of May 14, Sui is among the top-performing Layer-1 chains, supported by strong ecosystem development and technical structure.TVL Growth and Adoption Push Network to the ForefrontSui’s total value locked has grown from around $1.8 billion in April to over $2.18 billion by May 14, 2025, according to data from DeFiLlama. This rise places it among the leading blockchains by TVL. https://twitter.com/kyledoops/status/1922366270131077213The increase is supported by growing decentralized finance (DeFi) activity and cross-chain capabilities. On May 8, Sui integrated with the Axelar Network, allowing native assets to be bridged to other blockchains. This move boosted Sui’s appeal for developers seeking access to wider liquidity. Meanwhile, Phantom Wallet added support for the network on May 13, enabling easier swaps between Sui and other chains such as Ethereum and Solana. User adoption also remains strong. The Sui network continues to register between 1.2 million and 1.5 million daily active addresses, with a peak of 1.7 million recorded on April 29.Price Action Holds Above Support as Bulls Target $5.30SUI’s price has recovered 140% since April 13, moving from $1.73 to a recent high of $4.20. The token is now consolidating above $3.85, with strong support around the $3.50–$3.85 zone.Technical indicators suggest bullish momentum remains intact. The Relative Strength Index (RSI) stays near 68, and the Moving Average Convergence Divergence (MACD) remains positive. According to an observation by Ali Charts on May 12, the next resistance zone is around $5.40.Source :Ali Charts(X)If current market strength holds and SUI closes above $4.35, analysts expect a test of the previous all-time high at $5.30 before the quarter ends.The post Sui Eyes $5.30 as TVL Tops $2.18B and Daily Users Hit 1.5 Million appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
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