As the SUI blockchain continues to mature, several projects within its ecosystem are beginning to show breakout signs. With strong development activities and increased adoption, some altcoins connected to the SUI could be set to a big move. Looking at the next three SUI ecosystem tokens, it could be ten times more likely in the next market cycle.
on(sul)
Analysts started with native tokens for the network. The SUI is only two years old, but it’s going well.
The project continues to expand the presence of Defi and NFT with recent launches like Nautilus, a tool that brings privacy and tamper-proof oracle to SUI networks.
Source: CoinMarketCap
SUI currently holds the eighth spot in total value lock (TVL) among blockchains. It still costs around $3.40 per token, a record high of around 40%, many analysts consider this a good entry point and expect prices to rise as the ecosystem grows.
Related: Has Bitcoin finally become a “stable” asset? The new data is shocking
Selling Protocol (WAL)
One of the most viewed projects in SUI is Walrus Protocol (WAL), a distributed storage platform designed to be a faster and more efficient alternative to networks such as Filecoin. After raising $140 million and launching Mainnet in March.
Walrus has already seen an impressive adoption, with over 26% of the available storage being used, and is integrated with the Nautilus above for enhanced privacy and data encryption.
Source: CoinMarketCap
That token, Wal, recently reached an all-time high of $0.76, pulling back to around $0.51, but it’s still up that day. With the new partnership and recruitment, analysts said Wal could be 10 times more in the coming months.
Related: Altcoins bounce: Enter ETH, ADA, SOL, and other key purchase zones
suilend (send)
Submission is the top lending and borrowing protocol at SUI. Leading Defi TVL, it recently introduced a 0% borrowing fee. The platform also offers attractive APY. For example, 42% for Deep and 64% for WPLUS token.
Source: CoinMarketCap
Over $100 million of BTC-backed assets have already been deposited into transmissions, making it SUI’s leading Bitcoin-assisted Defi protocol. Send Token is currently trading at $0.53, far below its previous high, offering a good entry point.
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