Sui Beats Avax, near the noise in size, yet merchants come out: What happens? star-news.press/wp

Main meals

SUI’s monthly trading volume won AVAX, Hype, near combined, reaching 44.59 billion dollars. Increased volume increased with BTCFI’s launch on Deepbook and TVL registration.

At the time of the press, SUI has decreased by 4 % in the past 24 hours, According to To Coinmarketcap. The decrease in the broader transparent morale in the wake of a brief gathering earlier in the week.

Sway rose to a local height of $ 4.40, but despite the withdrawal, the size of the chain remained strong. Data from Coingecko showed that the SUI trading volume continued to rise.

So win the competition

Analytically, the SUI code size was more than total Avalanche (Avax), hyperliquid (HYPE) and protocol (near).

SUI size in July amounted to $ 44.59 billion, which was 8 billion dollars more than its competitors. It guarantees the size of all cexes and Dexes bodies, which confirms the broader acceptance of Altcoin.

Source: Bullfight Romero/X.

The increase in size was driven by a group of advanced protocols such as CETUS and the newly launched BTCFI, which opened the new liquidity routes of the network.

What leads the increase?

One of the main engines of the Sui magazine was the Defi protocols, which now accommodated Bitcoin (BTC). This was a new milestone, taking into account how it was difficult to expand with BTC codes.

BTCFI will be allowed to use Bitcoin to sui’s Deepbook to provide liquidity on swimming pools, performance and options, benefit, lending and borrowing.

This would introduce completely new liquidity on L1 Blockchain I mentioned on x (Previously Twitter).

Source: Devillama

The total value of SUI has grown by more than 480 % since January, reaching $ 2.295 billion by late July.

When the liquid liquid, borrowing, and dual boxes, TVL reached 3.48 billion dollars-the highest level ever.

Stablecoin’s activity has also been strong, with a maximum market of $ 1.036 billion and daily flows at $ 2.36 million, indicating the deployment of fixed capital through protocols.

Ichimoku’s resistance only turns the cloud resistance

With Altcoin’s victory over the front of the size, PRICE on the other hand was trying to stay above the Ichimoku cloud. The price movement turned at the level, which was coinciding with the downward trend line.

Sui was trading at $ 3.82, and the price seemed to have re -tested a $ 3.61 region.

The wonderful oscillator showed a modest bullish momentum, but the sellers took control of the cookie.

The money flow index (MFI) decreased to 36.47, indicating that the money was coming out of the assets despite the positive structural growth.

Source: TradingView

Despite the poor prices, derivative data showed optimistic expectations with caution. OI’s weighted financing rate remained positive, indicating that long traders were still paying short pants.

Meanwhile, the open interest decreased from $ 2.66 billion to $ 2.41 billion, but it remained decisively above 2 billion dollars.

This flexibility hinted that the institutional interest or whale did not completely dry, even amid the wider market corrections.