Crypto markets overall are about where they were at the start of the year. But not every crypto has gone sideways like bitcoin and ether.

SUI, the native token for the layer-1 blockchain of the same name, has almost doubled its price against bitcoin since January 1. 

The network, stewarded by former Meta employees once focused on Diem and considered a rival to Solana, also just passed $500 million in total value locked in its DeFi apps for the first time.

SUI leads a small set of cryptocurrencies which have seen their bitcoin ratios increase in the year to date. 

Of the 60 or so cryptocurrencies worth $1 billion or more which aren’t stablecoins, wrapped assets or liquid staking…

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