SUI Surpasses APT in Trading Volume, Gearing Up to Retest $1

Nov 23, 2023

The two newcomer Layer-1 blockchain networks Sui (SUI) and Aptos (APT) have both embarked on a double-digit bull run this November. The exponential growth of Sui Foundation’s native SUI is ignited by the emergence of new decentralized applications on the network.

To illustrate the rapid growth of SUI’s DeFi ventures, Bluefin released a decentralized exchange (DEX) on the SUI blockchain last week. Bluefin DEX has introduced several fresh features for crypto traders, including sub-second trades and wallet-less cryptocurrency trading, making DEX trading accessible to a broader audience.

Moreover, SUI Layer-1 blockchain technology is now also home to Ribbon Finance’s Aevo decentralized exchange, which offers a wide range of futures trading. Driving demand from long-term investors, SUI’s blockchain topped rival Aptos in trading volume.