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SUI Network Sees Greater Net Flow Compared to Solana and Base in the Last 7 Days


Date: Wed, Oct 16, 2024, 02:27 PM GMT

In the cryptocurrency market, Sui Network (SUI) has emerged as a standout favorite among altcoins. The project has experienced significant growth in the Layer-1 space, attracting the attention of traders and investors alike. Despite recent market volatility putting a temporary halt to its rally, SUI has managed to achieve an 6.54% gain over the past week and a remarkable 90% increase in the last 30 days.

sui coin price 16 Oct
Source: Coinmarketcap

Weekly Netflow Rankings

Recent data from Artemis reveals that SUI Network has outperformed both Solana and Base in terms of net inflows in the past week. SUI recorded a total inflow of $79.5 million, with outflows totaling $22.1 million. This gives SUI a net flow of $57.4 million, indicating strong investor and developer interest.

SUI Networks NET FLOW
Source: Artemis

Following closely behind, Base secured a net flow of $44.1 million, with inflows of $69.9 million and outflows of $25.8 million. Solana, meanwhile, reported a net flow of $27.7 million, with inflows of $63.2 million and outflows of $35.5 million.

Weekly Inflow Rankings

In the overall weekly inflow rankings, SUI holds the third position with its $79.5 million inflow, trailing only Ethereum and Base. This trend signals a potential shift in interest towards SUI Network, showcasing its growing prominence in the blockchain space.

Source: Artemis

Conclusion

Sui Network’s strong net inflows compared to Solana and Base indicate increasing confidence from investors and developers in its potential. With its recent gains and robust performance, SUI Network is definitely a project to watch in the coming weeks.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.


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