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Sui achieved a record-breaking $304.3M average daily DEX volume in Q1, driven by platforms like Cetus and Bluefin. However, its native token SUI underperformed, dropping 40.3% in market cap. Meanwhile, NFT activity and institutional interest surged, despite a major Q2 exploit on Cetus.
- Sui's DEX volume surged to $304.3M daily in Q1, led by Cetus and Bluefin, but SUI's market cap fell 40.3%.
- NFT activity thrived with 13.2M SUI traded, while institutional adoption grew via Grayscale and Libre Gateway.
- A $223M exploit on Cetus in Q2 disrupted trading, with recovery hinging on a community vote to unlock frozen assets.
📎 Related coverage from: cryptopotato.com
Other Tags: BlueMove, Brevan Howard, Canary Capital, DeFi, DEX, NFT, Sui Foundation, World Liberty Financial