Solana and Sui surge, igniting interest in DeFi as TVL rebounds

Solana’s price surpassed 150 USD, bolstered by a DeFi TVL of 7.84 billion USD, a significant recovery indicating strengthened user trust.

Sui’s price surged to nearly 3.00 USD as its TVL increased over 20% to 1.52 billion USD within 24 hours, showcasing rising investor engagement in the ecosystem.

The derivatives market for both SOL and SUI revealed increased trader confidence, with significant open interest increases, signaling a shift towards a more risk-on sentiment.