- Grayscale launched the Sui Trust to boost institutional investment, signaling growing confidence in Sui’s long-term potential.
- Strategic partnerships, such as with xPortal and xMoney, aim to enhance SUI’s real-world utility through virtual Mastercard payments.
- Sui’s network fundamentals, including a 38 percent TVL surge, indicate strengthening ecosystem health and rising user adoption.
Grayscale has expressed strong confidence in the Sui network’s development efforts, coinciding with a sharp surge in the SUI price. The asset manager highlighted the network’s aim to bridge Web2 and Web3 technologies by introducing tools for cross-chain asset management, private AI data sharing, blockchain payments, and real-world asset integration.
The Grayscale Sui Trust from Grayscale introduces a new investment opportunity that gives accredited investors direct exposure to Sui native tokens. Since its inception, the Trust points to increasing institutional involvement, particularly because Grayscale has already attempted to turn other funds into spot ETFs. This development comes amid an already strong week for SUI, with the token posting gains of over 70 percent before a recent slight correction.
Sui Ecosystem Expands with Strategic Partnerships
Besides the support from Grayscale, Sui’s recent price rally has been strengthened by new partnerships aimed at increasing the network’s utility. The collaboration with xPortal and xMoney to introduce a virtual Mastercard will enable users to make payments directly with SUI, significantly boosting real-world usage of the token.
Moreover, Canary Capital’s earlier move to file for a Sui ETF suggests growing institutional interest in the altcoin. This trend is expected to encourage other asset managers to follow, adding further momentum to SUI’s market presence.
Network Metrics Reinforce Bullish Sentiment
Sui’s on-chain metrics have also contributed to the positive sentiment. The network’s total value locked (TVL) grew by 38 percent over the week, reaching $1.641 billion. Daily increases of nearly 7 percent underscore rising user confidence and capital inflows into the ecosystem. Sui’s decentralized exchange (DEX) volume has also seen an uptick, further reflecting heightened activity across its blockchain.
Several crypto analysts have suggested that SUI’s rally could continue in the short to medium term. Analyst Crypto Patel indicated that the token could eventually trade between $10 and $20, while Rose pointed out that SUI’s breakout from a falling wedge pattern has set new targets at $4.796 and $6.116.
