In a shifting market landscape, Tron (TRX) has slipped in rankings as SUI Blockchain surges ahead, driven by strategic partnerships and increased trading volume. Despite an interesting update, investors seem to be more captivated by a new DeFi project called DTX Exchange.
As a revolutionary hybrid trading platform poised to change the market, DTX Exchange is already making its name known in the presale market. In this article, we’ll see why it’s indeed likely to be named alongside the top 20 exchanges by 2028.
TRX Bears Dominate as Whale Outflows Surge
Recent market data reveal that TRX is experiencing a bearish trend in transaction volume and price, as more investors are selling than buying. Large holders, or “whales,” are also reported to be moving more TRX out of exchanges than they are putting in, indicating a lack of confidence.
This update has reportedly led to a decline in Tron’s trading volume to $1.25 billion as per CoinMarketcap data. This drop has allowed the SUI Blockchain to surpass Tron, achieving an impressive $2 billion in daily transaction volume. Currently trading around $0.25, TRX is down by 8.8% over the past week. If this trend continues, it could drop to $0.22.
Sui Partners with Arkham & Ant Digital for Growth
Arkham Intelligence is reportedly collaborating with Sui Network to integrate Sui blockchain data into its analytics platform. This partnership will provide Sui Blockchain users with access to tools like dashboards, real-time alerts, and visual tracking. Sui has also partnered with Ant Digital Technologies and ZAN to tokenize real-world assets. This initiative aims to make these assets accessible to global investors via the Sui blockchain.
Thanks to these developments, Sui Blockchain has seen significant growth in 2024, adding $1 billion in total value locked and achieving $2.93 billion in trading volume last week. Currently trading at $4.62 following a 41% increase in the past week, Sui Blockchain is becoming a major player in the space, with daily volumes exceeding $2 billion, outpacing even Tron.
DTX Exchange: Bridging TradFi & DeFi with Hybrid Platform & 100x Potential
DTX Exchange stands out as a next-generation hybrid trading platform that combines the best attributes of centralized (CEX) and decentralized (DEX) exchanges. This unique combination allows users to trade an impressive range of asset classes, including cryptocurrencies, stocks, and commodities, all through its revolutionary interface.
At the core of DTX Exchange is VulcanX, a proprietary Layer 1 blockchain designed to bridge the gap between traditional finance (TradFi) and DeFi. This innovative system enables users to trade over 120,000 asset classes on a single platform, making it a powerful tool for both novice and experienced traders.
For investors looking to access these premium features, DTX’s token is attractively priced at just $0.12 during its presale phase, presenting a compelling investment opportunity. With its disruptive technology and a strong adoption trajectory, analysts predict an impressive 100x rally post-launch, potentially positioning it among the top exchanges by 2028.
Key Takeaway
While SUI Blockchain enjoys partnerships and increased trading volume, TRX is facing declining investor confidence and bearish market trends. Amid this, DTX Exchange continues to make headlines as a revolutionary hybrid trading platform with a unique blockchain and a successful presale, positioning itself as a potential future market leader.
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