SUI’s Price Rockets 18%: Axelar’s Cross-Chain Magic to Push It to $5?
SUI surges 18% after integrating Axelar for cross-chain interoperability, boosting DeFi. Will this drive SUI to $5? Explore the rally!
SUI, the token powering the high-speed Sui blockchain, has climbed 18% to $3.40, with analysts eyeing $5 following its mainnet integration with Axelar, a leading Web3 interoperability platform, on May 8, 2025. This partnership enables seamless asset transfers across over 70 blockchains, supercharging Sui’s DeFi ecosystem amid a short-term price rally.
What’s Happening?
Sui’s integration with Axelar allows asset issuers to tap into its blazing-fast Layer-1 network, which processed $11 billion in DEX volume over the past 30 days with 1.4 million daily active wallets. Axelar’s General Message Passing (GMP) and Interchain Token Service (ITS) enable secure, multichain tokenization, connecting Sui to ecosystems like Ethereum, Solana, and XRP Ledger. The rally aligns with bullish technicals—a golden cross and ETF filings by 21Shares and Canary Capital—driving SUI’s momentum.
Sui’s integration with Axelar allows asset issuers to tap into its blazing-fast Layer-1 network, which processed $11 billion in DEX volume over the past 30 days with 1.4 million daily active wallets. Axelar’s General Message Passing (GMP) and Interchain Token Service (ITS) enable secure, multichain tokenization, connecting Sui to ecosystems like Ethereum, Solana, and XRP Ledger. The rally aligns with bullish technicals—a golden cross and ETF filings by 21Shares and Canary Capital—driving SUI’s momentum.
Why It Matters
This move enhances Sui’s appeal for DeFi and NFT projects by offering limitless scalability and cross-chain liquidity. With $1.74 billion in TVL and a $918 million stablecoin market cap, Sui is a DeFi powerhouse. The Axelar integration could attract more developers, boosting adoption. However, a $332 million token unlock in May risks volatility, and past unlocks have triggered dips. If SUI holds above $3.25, analysts see $4.64-$5, but a drop below could test $2.80.
This move enhances Sui’s appeal for DeFi and NFT projects by offering limitless scalability and cross-chain liquidity. With $1.74 billion in TVL and a $918 million stablecoin market cap, Sui is a DeFi powerhouse. The Axelar integration could attract more developers, boosting adoption. However, a $332 million token unlock in May risks volatility, and past unlocks have triggered dips. If SUI holds above $3.25, analysts see $4.64-$5, but a drop below could test $2.80.
What’s Next?
Sui’s ecosystem is expanding with integrations like Stacks’ $sBTC and Game Dollar for gaming. If ETF approvals materialize and Axelar’s network grows, SUI could hit $8 by mid-2025. Yet, competition from Solana and regulatory hurdles may challenge gains. Keep an eye on trading volume and token unlock impacts.
Sui’s ecosystem is expanding with integrations like Stacks’ $sBTC and Game Dollar for gaming. If ETF approvals materialize and Axelar’s network grows, SUI could hit $8 by mid-2025. Yet, competition from Solana and regulatory hurdles may challenge gains. Keep an eye on trading volume and token unlock impacts.
What’s your take on SUI’s cross-chain surge? Comment below and follow trafy.io for more crypto updates!
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
