According to Lookonchain, the $SUI price has surged by 60% over the past week, driven by a 38% increase in Total Value Locked (TVL) to $1.645 billion and a significant rise in daily DEX volume, which reached $599 million—a 177% increase from last week. This growth in TVL and trading volume indicates a strong bullish sentiment and increased investor confidence in the $SUI ecosystem. Additionally, the rapid growth of stablecoins on the Sui network over the last two months supports the upward price movement, suggesting a robust DeFi expansion. [Source: Lookonchain]