Solana price exploded in 2021, it was one of those crypto success stories that seemed almost too good to be true. When the year kicked off, you could pick up SOL tokens for somewhere between $1.29 and $1.50. Nobody could have predicted what came next. By November, SOL had shot up to around $260 – its peak price that still hasn’t been touched since. We’re talking about gains of more than 17,000% in less than a year.
It was the kind of performance that had everyone talking, from crypto veterans to people who’d never bought a digital asset in their lives. Solana went from being a relatively unknown blockchain to a household name practically overnight.
The SUI network has been blazing hot also since September 2024, and despite a major setback with the Cedus protocol exploit that drained about $220 million, crypto analyst Altcoin Buzz believes this ecosystem still has what it takes to replicate Solana’s legendary 2021 performance in the upcoming bull run.
Altcoin Buzz, who runs a cryptocurrency analysis channel, remains bullish on SUI token prospects despite the temporary cooling effect from the Cedus incident. He points out that while the exploit wasn’t good news, there’s so much other positive momentum happening with SUI that he expects it to continue doing many of the things Solana accomplished during its breakout year.
SUI Token Remarkable Growth Trajectory
The numbers tell a compelling story about SUI token rise. Altcoin Buzz highlights that SUI has climbed from $0.78 to its current all-time high of $5.35 since September 2024, representing an impressive 7x gain in just four months. While he acknowledges that SUI won’t replicate Solana’s extraordinary 100x multiplication from January to November 2021, he sees significant potential for further growth.
From its current position below $4, Altcoin Buzz suggests that SUI could realistically achieve a 5x to 10x increase. He emphasizes that SUI has historically shown strong recovery patterns, bouncing back effectively after every market dip throughout the past year.
The network has been capturing serious institutional attention, particularly through its integration with Microsoft Fabric for the Microsoft-backed Space and Time mainnet launch. This partnership is especially noteworthy because the platform initially selected only three networks: Bitcoin, Ethereum, and SUI. For a project significantly smaller than Bitcoin and Ethereum, being included in such exclusive company represents major validation.
SUI’s tech upgrades and DeFi growth set the stage for a breakout
Altcoin Buzz delves into the technical improvements that form SUI’s backbone. The network uses the Move coding language, which saw an upgrade to Move VM 2.0, enabling 30 to 65% faster transactions even under heavy load conditions. This performance boost is particularly valuable for blockchain gaming applications.
The Aurora feature allows for unlimited scaling, supporting hundreds of thousands of transactions per second while keeping costs low. Pilot Fish increases scalability by enabling single validators to use multiple machines, boosting throughput when transaction loads increase. The Move Registry (MVR) functions like a domain name service, giving Move packages human-readable names instead of complex 64-character hex addresses.
SUI DeFi ecosystem has been experiencing explosive growth. The network now ranks eighth among all chains for total value locked (TVL), with the highest TVL growth among all chains last month. BTC-focused DeFi already represents 10% of SUI’s total TVL, with 600 BTC bridged to the network since February.
Stablecoin adoption has been particularly impressive. SUI led stablecoin inflows for two consecutive days, seeing $83.4 million one day and $184 million the next. The network has reached $1 billion in stablecoin TVL, doubling this figure in just two months. This stablecoin momentum coincides with SUI’s DEX volume hitting new all-time highs.
Altcoin Buzz points to several promising ecosystem projects worth monitoring. Walrus Protocol (WAL) serves as a decentralized storage solution built by the same Mysten Labs team behind SUI. DeepBook (DE) functions as the backbone of the DeFi ecosystem, using an on-chain order book that provides a centralized exchange-like trading experience on decentralized infrastructure.
Haedal Protocol (HAEDAL) deserves special attention as a liquid staking platform that launched less than a month ago with a relatively small $32.4 million market cap. Despite the current market turbulence from the Cedus exploit, Altcoin Buzz believes this project warrants keeping on investors’ radars.
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The Cedus situation, while unfortunate, has been handled professionally according to Altcoin Buzz. The team managed to freeze $160 million of the exploited funds and is negotiating the return of the remaining $60 million, offering a $6 million bounty for assistance. Importantly, the exploit affected a SUI ecosystem platform rather than the SUI network itself, though related tokens have experienced some collateral impact.
Looking ahead to 2025, Altcoin Buzz maintains his optimistic outlook for SUI. The combination of strong technical fundamentals, growing institutional adoption, expanding DeFi ecosystem, and proven resilience positions SUI to potentially capture the same explosive growth trajectory that made Solana one of 2021’s biggest success stories. While the recent exploit created temporary headwinds, the underlying strengths and momentum suggest SUI could indeed emerge as the standout layer-1 blockchain of the next bull run.
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