Sui beats Avax, Near, Hype in volume, yet traders exit: What’s going on?

SUI’s monthly trading volume reached 44.59 billion USD, exceeding the combined volumes of AVAX, NEAR, and HYPE by 8 billion USD.

Despite the impressive trading volume, the price of SUI dropped by 4% in the last 24 hours, reflecting broader market trends.

The increase in volume is attributed to advancements in SUI’s DeFi protocols, including support for Bitcoin, which has significantly boosted liquidity.

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