SUI Network Sees 145% Surge in Daily Active Users Driving Token Price to $4

The SUI Network has witnessed a remarkable 145% surge in daily active users within a 24-hour period, signaling a robust expansion of its user base and broader adoption. This significant increase in user engagement underscores a renewed interest in the SUI ecosystem, as interactions within the network show a clear upward trajectory. The surge in user activity is further supported by data indicating a substantial rise in new wallet engagements during the same period.

In tandem with the increase in user activity, the price of the SUI token reached an intraday high of $4, reflecting the positive market sentiment driven by heightened wallet activity. Although the token experienced a minor correction shortly after, it was trading at $3.94 at the time of reporting, marking a slight 0.14% increase over the past 24 hours. Despite this minor pullback, the trading volume remained positive, with a 1.54% uptick, reaching $2.53 billion. This indicates sustained interest and activity within the SUI Network.

The recent surge in the SUI token's price, which has breached the $3 resistance point, is a positive indicator of increased momentum. This momentum is further bolstered by the continued rise in daily active users, suggesting that the network's growth is not merely a fleeting trend but a sustained upward movement. Analysts suggest that if the price can maintain its position above $4 and establish a new support area, the asset may gain additional momentum, potentially leading to further price appreciation.

The rise in user activity on the SUI Network is accompanied by increased on-chain engagement and development initiatives. Notably, the integration of tBTC through a partnership with Threshold Network has introduced new use cases, contributing to the asset's recent performance. This combination of enhanced utility and user growth is likely to sustain investor and developer interest, fostering a positive feedback loop that drives further adoption and development within the SUI ecosystem.

Currently, the SUI token is trading approximately 26% below its all-time high of $5.35, which was achieved in January 2025. Given the current market conditions and the growing optimism surrounding the SUI Network, there is potential for another run at the earlier high, provided that the momentum is maintained. The network's ability to attract more users and developers, coupled with its innovative features and user-friendly interface, positions it well for continued growth and success in the blockchain industry.