Sui Network's ecosystem is thriving in this cycle
Sui's (
@SuiNetwork) TVL has increased by 9.4% in the last 30 days to $459.5 million.
However, year-on-year, TVL is 77.4% lower than it was last year.
Applications built on Sui are earning daily fees of $142,625, more than 36 times the fees earned by the base layer itself.
This shows that most economic activity happens on the application layer rather than on the blockchain itself.
Right now, the $SUI token is priced at $0.8, up 11%in the past 24 hours.