SUI Crypto Sees Record User Growth Amid Institutional Adoption

SUI crypto has experienced a notable surge in user growth, with new account creations exceeding 400,000 per day in some instances. This increase in adoption is mirrored by institutional involvement, as three global entities have listed SUI ETNs or ETFs on prominent exchanges.

The network activity surrounding SUI has been mixed, with transaction speed remaining high but stablecoin volume declining. However, the overall fundamentals suggest a potential price bottom, particularly given the significant institutional backing in recent weeks.