According to Lookonchain, the $SUI token has experienced a significant price surge of 60% in the past week, primarily driven by a 38% increase in Total Value Locked (TVL), now at $1.645 billion. Additionally, daily trading volume on decentralized exchanges (DEXs) has skyrocketed by 177% to $599 million. The rapid growth of stablecoins on the Sui network over the past two months is also contributing to this bullish trend.