The price of Sui Network slows down after a mass rally, but Defi Inlet tells the bullish story – cryptomos
Sui Network loans ecosystem sees a wave of capital rotation, with Bitcoin strongly flowing into natural protocols.
According to recent data from Tororo Romero, the Sui Block Chain loan platforms now have over 2100 BTC, with the Navi Protocol alone accounts for 61.79% of the shares, nearly 1300 BTC.
Navi dominance comes in the middle of a wider rise in Def activity in the SUI network. The protocol now has over $ 630 million in TVL, a $ 24.8 million market ceiling and borrowed assets of more than $ 150 million.
Navi's daily symbolic volume is about $ 4.36 million, while annual fees and revenue are estimated at $ 11.5 million and $ 6.3 million, respectively. Its low symbolic price of $ 0.051 and an increase in influx refers to traction growth without speculative excessiveness.
Redemption from a pricing after a 100% rally
Sui has improved to $ 3.31 after reaching $ 4 at the end of April, after the last month, almost 100% rally. Part of this rally is due to the potential ETF's approval of the ETF, presented by the Canary Capital Committee (SEC).
Moreover, Sui Price saw the nails after announcing that the team behind the blockchain was set to the market virtual Mastercard, which allows users to buy crypto across Europe.
But Sui Network indicators are despite the rebound bullish.
On a daily chart, Sui holds over 21 mothers ($ 3.05) and 50 SMA ($ 2.54), maintaining a breakthrough in the structure. RSI at 64 and Stoch RSI over 68 reflect a strong but cooling trend. Macs remain in bullish territory, although the momentum has slowed down.
Sui TV is just over $ 2.05 billion, while the ceiling of the stable market has risen to nearly $ 900 million. Dexi volumes are more resistant to over $ 330 million in the last 24 hours, with a permanent inflow more than 220 k.
Key loan players include Suinlend with 37.4% BTC and a scallop with a minimum of 0.79%, strengthening the NAVI grip on the loan landscape.
Sui Network Loan Time could support new high points
If the inflow continues and the Sui retains support for more than $ 3.05, the interest of institutional and retail sales in bitcoin-guarantee loans may form another leg.
The BTC concentration in the NAV protocol highlights the user's confidence in this mechanics and risk profile, positioning it as a money market in the stack of Sui Defi.
Continuous earnings and fees throughout the ecosystem even further emphasize the persistence of the protocol, especially if TVL continues to climb until May.
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