SUI surges 44% in July, outshines Ethereum, Solana in L1 comeback

Key Points

1. SUI's price surged 44% in July, reaching nearly $3.90, outperforming Ethereum (9.2%) and other major L1 blockchains.

2. SUI/BTC ratio posted a 10.14% intraday gain, signaling capital rotation into SUI, while ETH/BTC and SOL/BTC stalled at resistance.

3. SUI's Total Value Locked (TVL) hit an all-time high of $2.219 billion, indicating strong ecosystem traction and DeFi adoption.

4. Monthly fees on SUI jumped 42% to $42k, double that of Ethereum, reflecting increased network activity and liquidity.

5. SUI's price momentum is supported by real ecosystem growth, not just speculative trading, as users lock value into its DeFi protocols.