4 Major Reasons Why SUI Crypto May Lead Crypto Market Rally

Key Insights:

• Sui crypto soars to eighth position in Total Value Locked at nearly $2 billion in an unreal bullish DeFi push.
• 10% of TVL are Bitcoin-related assets, driving increased demand on the Sui network.
• SUI ETF and ecosystem growth might support the coin’s rally to a new ATH.

Sui (SUI) has seen a price spike of over 3.80% in the last 24 hours as the coin initiated a rebound move.

Sui’s strong bullish indicators have caught the attention of renowned analyst Michaël van de Poppe, who believes the Sui network might play a pivotal role in the next cryptocurrency rally.

SUI Crypto Total Value Locked Signals Strong DeFi Growth

In a post on X, van de Poppe highlighted some key reasons for betting on SUI. Notably, Sui has climbed up in ranking per its Total Value Locked (TVL), emerging in 8th position.

This suggests that the volume of capital staked, lent or locked in the Sui network has increased significantly.

An indication that Sui is becoming a serious DeFi competitor and attracting substantial investor interest.

In January 2025, Sui TVL soared to over $2 billion as user adoption increased, signaling growing confidence among investors.

As per DefiLlama data, Sui’s current TVL stands at $1.873 billion for the Layer-1 blockchain known for its high throughput and low latency transactions.

The rise in TVL could also indicate the increasing activity on the Sui network as SUI is used for transaction fees hence signaling demand.

Additionally, van de Poppe noted that SuiLend has become the largest lending protocol. In the last one month, there has been a 90% increase with over $700 million in TVL.

This development makes it one of the leading lending applications in the Sui ecosystem, another indication of growing demand and usage of the network.

Bitcoin Integration Boosts Cross-Chain Potential

Ananlyst Van de Poppe also emphasized that out of the Total Value Locked, 10% of it are Bitcoin-related assets. With this, he suggested that Sui is integrated with the broader crypto market.

As such, it is likely that Bitcoin holders could become attracted to the Sui ecosystem, boosting cross-chain activity.

This development might trigger a situation where Bitcoin’s bullish performance could positively impact Sui.

Worth noting is that increased Bitcoin inflows could drive demand for SUI which is used as gas fee for transaction and staking.

A growing demand for SUI could trigger a spike in value leading to a rally as predicted by van de Poppe.

Institutional Interest and SUI Crypto ETF Filing Spark Bullish Sentiment

According to the market analyst, Sui crypto could rally towards an all-time high (ATH) based on institutional demand for a spot SUI exchange-traded fund (ETF).

Primarily, a Sui ETF would allow traditional investors to gain exposure to SUI. This could translate to more capital inflow to the network and increased demand which might lead to value appreciation.

Canary Capital Group in mid-March 2025, filed the first application with the Securities and Exchange Commission (SEC) seeking to launch an ETF tied to SUI.

There has also been interest from other asset managers like 21Shares. Interestingly, after the filing, SUI witnessed a price surge as the market reacted positively to the news.

This supports van de Poppe’s prediction that Sui could hit an ATH while riding on the back of these factors.

As of press time, SUI price was changing hands at $3.34, representing a 4.18% increase in the last 24 hours. There has also been a significant spike in trading volume by 38.37% to $710.48 million.

Market analysts project that in the short term, SUI could rally to $8.85, reversing its current ATH of $5.35, set in January 2025.

This largely depends on the ability of the ecosystem to sustain the current momentum.

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