Sui, the native cryptocurrency of the SUI Layer-1 blockchain, is designed for high transaction speeds and efficient deployment of smart contracts. Over the past few weeks, the cryptocurrency has been trending upward, largely due to the launch of Circle’s USDC stablecoin on the Sui network. More recently, Coinbase activated sending and receiving support for stablecoin USDC on the Sui network. These events have positioned Sui as a key player in the evolving crypto landscape.
Sui is trading at $1.9, a jump of over 12% in a week.