Sui Price Jumps 8% as Volume and DeFi Activity Rise

Sui price surged 8% to around $0.768 on Thursday, outperforming the broader cryptocurrency market’s 2.18% gain over the same period. The SUI rally was supported by rising trading volume, a key technical breakout, stronger derivatives activity, Jupiter integration, and growing network usage.

SUI broke above the important $0.764 resistance level after repeatedly finding support near $0.70. The token traded between $0.714 and $0.779, while its market capitalization climbed above $3.14 billion. Trading volume also jumped 55% to approximately $572 million, signaling increased market participation.

Holding above $0.764 could strengthen the bullish Sui price outlook, with $0.78 and the psychological $0.80 level emerging as the next potential targets. However, failure to maintain the breakout could trigger profit-taking and put the $0.70 support zone back in focus.

Derivatives data also pointed to growing trader interest. SUI futures volume reached roughly $885 million, while open interest increased 6.45% to $628 million. Around $1.33 million in leveraged positions were liquidated during the period.

Improving conditions across the crypto market provided additional support. Bitcoin recovered above $78,000, Ethereum moved beyond $2,400, and XRP advanced as traders watched the $1.40 resistance level. Investors are also monitoring the September 15 CLARITY Act vote and the September 15–16 Federal Reserve meeting for potential impacts on risk sentiment and altcoin volatility.

Sui’s DeFi ecosystem received another boost from Jupiter’s Universal Deposit integration. Sui joined Ethereum, Base, and Arbitrum among the initially supported source networks. The service allows users to send supported Sui assets and receive USDC on Solana while Jupiter manages routing, bridging, and swapping.

The integration could improve liquidity movement between the Sui and Solana ecosystems. Other developments, including DeepBook liquidity, Hashi’s Bitcoin access, and gasless stablecoin transfers, may further support network adoption.

Recent data showed approximately 161,695 active addresses and 17.9 million daily transactions on Sui, while total value locked stood near 710 million in native terms. Continued network growth and strong trading activity could support SUI’s recovery, although losing breakout support would weaken the bullish outlook.