- SUI ecosystem market cap reaches $8.54 billion, with SUI at $5.38 billion.
- SUI ranks third in altcoin netflow, behind Ethereum and Solana.
- The coin’s dominance surges 270% to 0.27%, amid potential correction warnings.
The SUI ecosystem has emerged as a focal point for investor attention this October, setting multiple records and outperforming many of its altcoin peers. While numerous cryptocurrencies struggle to maintain recovery momentum, SUI had achieved new all-time high of $2.16, showcasing its robust market performance.
CoinMarketCap data reveals that the SUI ecosystem’s total market capitalization has surged to an impressive $8.54 billion. SUI token itself accounts for $5.3 billion of this valuation, while First Digital USD (FDUSD) contributes nearly $3 billion.
Daily trading volume across the ecosystem has exceeded $6 billion, primarily driven by SUI and FDUSD activities.
SUI ecosystem meme coins surge
The ecosystem’s growth extends beyond its primary assets, with meme coins on SUI experiencing a remarkable 170% increase in market cap since the beginning of October, now totaling over $296 million.
This trend mirrors the pattern seen in the Solana ecosystem’s rise to popularity last year, as SUI holders reinvest in various protocols within the ecosystem.
Artemis data further underscores SUI’s growing appeal, ranking it third in altcoin netflow over the past month, trailing only Ethereum and Solana. Cross-ecosystem bridge transactions reveal that SUI accounts for over 9% of capital flow from Ethereum, highlighting the network’s increasing activity and user adoption.
SUI’s market dominance (SUI.D) has seen a meteoric rise, surging 270% in the past two months to reach a new high of 0.27%. This increase in market share comes at a time when most other altcoins are experiencing declines, and Bitcoin dominance remains above 56%.
