SUI (Sui) has risen 11.99% in the last 24 hours.

Gate News Bot news, on November 25, according to CoinMarketCap, as of the time of writing, SUI is currently priced at $1.55, with a rise of 11.99% in the last 24 hours, reaching a high of $1.69 and a low of $1.32, with a 24-hour volume of $1.073 billion. The current market capitalization is approximately $5.699 billion, an increase of $610 million compared to yesterday.

Sui is a blockchain platform focused on providing Web3 experiences, characterized by high scalability, security, and low cost. Its core features include the use of the Move programming language, zkLogin authentication, verifiable off-chain computation Nautilus, and other innovative technologies, aimed at providing efficient blockchain infrastructure for areas such as gaming, finance, and commerce.

Important news about SUI recently:

1️⃣ SUI ecosystem introduces new yield tokens R25 has launched the interest-bearing tokens rcUSD and rcUSDp on the Sui network, backed by diversified and compliant real-world assets. The introduction of this innovative financial product is expected to enhance the diversity and attractiveness of the Sui ecosystem, providing users with new investment options, and may be one of the positive factors driving the rise in SUI prices.

2️⃣ Sui chain stablecoin supply has significantly increased In the past 24 hours, SUI has shown outstanding performance in terms of stablecoin supply changes, with a net inflow of 2.4 billion USD, leading other major blockchains. This significant influx of funds indicates an increased confidence among investors in the SUI ecosystem, which may be a key reason driving the rise in SUI token value.

3️⃣ AI technology empowers Sui ecosystem DeFi innovation The perpetual contract trading platform Astros in the Sui ecosystem has announced a collaboration with the AI cryptocurrency research platform Surf Copilot, aiming to deeply integrate AI technology into the on-chain trading interface. This initiative is expected to provide users with a more efficient and low-threshold trading experience, reflecting Sui's ongoing innovation in the DeFi space and potentially attracting more users and developers to the Sui ecosystem.

From a technical perspective, the SUI price has rebounded strongly after a 15.21% drop on November 21, with a nearly 12% rise in 24 hours, indicating an improvement in market sentiment. Large inflows of stablecoins and ecological innovations may be the main factors driving the price recovery. However, given the recent volatility, investors should remain cautious and pay close attention to market trends.

This message is not intended as investment advice; investors should be aware of market volatility risks.