Sui Network (SUI) is emerging as a leading Layer-1 blockchain with rapid growth in adoption and Open Interest, which surged over 700% in three months. Its price has increased by 3% in the past 24 hours, maintaining momentum after a 16% gain, suggesting a potential rally toward $4 by year-end.

SUI recently broke out of a descending channel, confirmed by positive CMF indicators. It has achieved over 1,000 TPS for three days, surpassing Solana in transaction speed, which boosts its appeal for users seeking faster transactions.

The SUI ecosystem is growing in key metrics like TVL and trading volume, with memecoins gaining attention. The surge in these tokens mirrors Solana's rise in 2021, positioning SUI as a strong contender in the crypto space, aiming for a $4 target.