Sui price triples in 3 months, signals changing of the guard in DeFi

Challenger blockchains Sui, Sei and Ronin are having a moment. 

Their native cryptocurrencies have tripled in price over the past three months, outperforming all other layer-1 assets in the top-100 by market cap.

Market leaders bitcoin (BTC), ether (ETH) and binance coin (BNB) meanwhile gained about 30% in that time. Solana (SOL) and avalanche (AVAX) nearly doubled.

SUI, SEI and RON are far smaller cryptocurrencies with less liquid markets (all three combined are not even one-third of AVAX’s market cap), so increased volatility is to be expected.

Still, the data suggests those networks have garnered increased usage over the past few months, at least in the case of Sui and… Read more on Blockworks

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