The altcoin market followed suit as we entered July, with its total capitalization plunging to just below the $1.29 trillion mark. Despite this overall slump, SUI, SEI, and LINK swam upstream, recording increases as much as 40%.
Sui’s ecosystem has seen daily transaction volumes soar past $500 billion. This white hot level of activity further highlights its promise as THE emerging base layer platform for smart contracts and decentralized applications. Market analysts are closely watching to see how news involving Exchange Traded Funds (ETFs) affects SUI’s liquidity and price fluctuations.
Sei has been receiving a lot of hype in the crypto scene. Additionally, Circle, the issuer of the USDC stablecoin, has emerged as a significant holder of SEI tokens. Sei’s significance is even more underscored in the regulated stablecoin and decentralized finance (DeFi) ecosystem.
Chainlink (LINK)’s long-time collaboration with Visa, another development that has dramatically strengthened the oracle network’s adoption by institutional players.
Investors are particularly set on SUI, SEI, and LINK. In either case, their performance might herald enduring momentum and prospects for further expansion.
This suggests just how attractive Sui’s dev activity has been able to pull in. Like Ethereum, it has the potential to be a leading smart contract and decentralized application platform. Circle's significant holding of SEI tokens reinforces Sei's position within the stablecoin and DeFi sectors.
Chainlink's partnership with Visa marks a pivotal moment, expanding the oracle network's reach within traditional financial institutions.
