Sui (COIN: $SUI) is a pioneer layer-1 blockchain and smart contract ecosystem that uses the delegated proof of stake consensus mechanism. It aims to make ownership of digital assets secure, private, and accessible.
Sui uses Move, its native programming language, the delegated proof-of-state mechanism, and parallel transaction procession to ensure scalability without compromising security.
The native SUI token hit a new all-time high price of $2.18 on Wednesday, March 27, which is in line with an upward trend in the past few weeks.
SUI and Revolut Partnership
Sui recently unveiled its collaboration with the global neobank and financial technology company Revolut.
The collaboration aims to enhance the recognition and utilization of blockchain technology among Revolut’s 40 million customers worldwide. As of the partnership, SUI will leverage Revolut’s Learn Program to provide educational content to its “relatively untapped” global audience about the future of crypto in the global space.
This partnership is about integrating technologies and engaging users willing to discover blockchain technologies, helping both companies expand their reach.
The Managing Director of the SUI Foundation, Greg Siourounis, said, “By joining forces with Revolut, we have a chance to introduce millions of users to Sui, […] which is providing the technological underpinnings that will enable businesses to build working solutions and empowering individuals to access those products and services seamlessly.”
Crypto Global Business Development Manager at Revolt, Kotryna Baldovskaja, stated, “We aim to equip our users with knowledge about one of the most impressive technological breakthroughs we’ve seen in crypto and the countless opportunities that lie within the Sui ecosystem.”
Revolut has entered into several other major collaborations in the crypto sector. For instance, it recently teamed up with MetaMask, a popular crypto wallet, to introduce Revolut Ramp to users in the UK and European Economic Area (EEA) earlier this month. The feature lets users purchase crypto using their card on their Revolut account balance and send it to an external crypto wallet of their choice.
SUI Total Locked Value Hits $735M
According to the data of DefiLlama, SUI recently surpassed $735M TVL (total value locked). It is a major growth for the company in 2024, surpassing its previous recorded TVL of $212.88 million. The token price has surged 9.23% in the past seven days, fueled by the collaboration with Revolut.
SUI Price Trend
At the time of writing, $SUI is trading at $2.13, with a gain of 13.22% in 24 hours. The market cap is $2 billion, with a 24-hour trading volume of $1 billion. The trading volume has surged by 141.03% in the past 24 hours, helping to drive up the price of SUI.
Should You Buy $SUI?
SUI aims to become a major player in the DeFi space. It has a large following and has experienced a massive surge in popularity in 2024. As a long-term investment option in the crypto space, SUI is a great option. It has all the features of the Ethereum network while offering lower fees and faster speeds.
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