While Spot Bitcoin experienced a short-term rise after the ETF approval and reached above $ 48,000, this rise was short-lived and fell to $ 41,000.
While BTC continued to trade at $ 42,000 at the time of writing, some altcoins differentiated positively from Bitcoin and the market with their rise.
One of these altcoins was Sui (SUI).
While Sui experienced an increase of 11% in the last 24 hours, Sui TVL also increased.
Accordingly, while Sui TVL achieved great success by surpassing Bitcoin, Sui now ranks 12th among all chains globally, according to the on-chain data announced by DefiLlama.
While this situation was interpreted by analysts as a tremendous market optimism for SUI, the native token of the decentralized blockchain Sui, the increase in TVL was also reflected in the price.
SUI continues to trade at $1.41 at the time of writing.
*This is not investment advice.
