SUI 再次反弹至一个月高位，突破 1.44 美元

该平台还吸引资金流入其 DeFi 领域。 SUI 是独特的平台之一，提供类似图形的结构而不是区块链。

SUI price analysis for September 26 reveals a strong bullish momentum as the token price has surged again to reach a one-month high, breaking above the $1.44 resistance level. The platform is also drawing inflows into its DeFi sector.

SUI 9 月 26 日的价格分析揭示了强劲的看涨势头，代币价格再次飙升，达到一个月高点，突破 1.44 美元阻力位。该平台还吸引资金流入其 DeFi 领域。

SUI is offering a graph-like structure instead of a blockchain. The native SUI token has broken out of its declining range, returning to the highest levels since April. It has peaked at $2.10 and the recent rally re-sparks hopes of a price discovery and a move to double-digit prices.

SUI 提供了一种类似图形的结构，而不是区块链。原生SUI代币已突破下跌区间，回到4月份以来的最高水平。它已达到 2.10 美元的峰值，最近的反弹重新激发了人们对价格发现和价格升至两位数的希望。

The SUI rally coincided with a market-wide recovery, led by Bitcoin (BTC) moving above $63,800. For SUI, the main factor was the announcement of launching native USDC stablecoins in the near future. The announcement started the rally this week, also causing a drive against short positions.

SUI 的上涨与整个市场的复苏同时发生，在比特币 (BTC) 的带动下，比特币升至 63,800 美元以上。对于 SUI 来说，主要因素是宣布在不久的将来推出原生 USDC 稳定币。该公告引发了本周的反弹，也引发了空头头寸的上涨。

SUI has been hyped as one of the altcoins positioned to rally during a new market cycle. The asset will still need to compete with L2s and other liquidity hubs, which have already established their dominance in DEX trading, lending, and NFT activities.

SUI 被宣传为在新市场周期中有望上涨的山寨币之一。该资产仍需要与 L2 和其他流动性中心竞争，这些中心已经在 DEX 交易、借贷和 NFT 活动中确立了主导地位。

Open interest for the token expanded by 30% in the past week, up to $300M. After the latest price hike, SUI traders wiped out short positions for most of the past week. There was a marked shift to longs from September 19 onward, making up more than 55% of all derivative volumes. The shift also suggests SUI may reverse direction, if traders decide to liquidate longs.

过去一周，该代币的未平仓合约增加了 30%，达到 3 亿美元。在最近一次价格上涨之后，SUI 交易员在过去一周的大部分时间里清空了空头头寸。从 9 月 19 日起，多头明显转向，占所有衍生品交易量的 55% 以上。这一转变还表明，如果交易者决定清算多头，SUI 可能会逆转方向。

SUI trading volumes are relatively high at $709M in 24 hours, similar to the levels from the March and April rallies. The rapid asset expansion is also setting up expectations for a correction in the short term.

SUI 交易量相对较高，24 小时内达到 7.09 亿美元，与 3 月和 4 月反弹的水平相似。资产的快速扩张也引发了短期调整的预期。

Token unlock may depress the SUI price

代币解锁可能会压低SUI价格

The recent SUI rally was heating up for as long as three weeks. The latest drive to $1.41 precedes a known unlock event that will dilute the circulating supply.

最近的 SUI 反弹持续升温长达三周。最近一次上涨至 1.41 美元是在已知的解锁事件发生之前，该事件将稀释流通供应量。

SUI has a total supply of 2.69B tokens, with a total supply of 10B. Until 2027, token unlocks will continue with regular new inflows. Currently, only 28% of the supply is unlocked, with most of it having flowed into the markets.

SUI总供应量为2.69B代币，总供应量为10B。到 2027 年，代币解锁将继续定期有新资金流入。目前，只有28%的供应量被释放，其中大部分已流入市场。

The next unlock will expand the circulating supply by 64.19M SUI, or 2.40% of the total supply. It is uncertain if the recipients will sell the coins, but the market may potentially have to absorb $82.81M after the October 1 unlock.

下次解锁将增加流通供应量 64.19M SUI，占总供应量的 2.40%。目前尚不确定接收者是否会出售代币，但在 10 月 1 日解锁后，市场可能需要吸收 8281 万美元。

SUI relies on marketing to grow

SUI靠营销成长

The recent SUI rally follows a period of social media marketing, aiming to elevate the network to compete with the current top chains. SUI launched relatively late in 2023, when most of the positions were taken by L2 and traffic was already established on Ethereum, Solana, BNB Chain and a few others.

最近的 SUI 集会是在一段时期的社交媒体营销之后发生的，旨在提升该网络与当前顶级连锁店的竞争能力。 SUI 在 2023 年推出相对较晚，当时大部分位置都被 L2 占据，并且以太坊、Solana、BNB Chain 和其他一些平台上已经建立了流量。

The SUI team will not give up and the asset keeps growing its influence on X. The token is also widely distributed, with top addresses only containing 15% of the supply. The network, however, is not as transparent as Ethereum or L2s, with no data on fees. SUI is not EVM compatible and will explore alternative methods for onboarding stablecoins. As of September, SUI carries more than $377M in the form of stablecoins, mostly on lending protocols.

SUI团队不会放弃，该资产对X的影响力不断增强。代币分布也很广泛，顶级地址仅占供应量的15%。然而，该网络不像以太坊或 L2 那样透明，没有费用数据。 SUI 与 EVM 不兼容，将探索引入稳定币的替代方法。截至 9 月，SUI 拥有超过 3.77 亿美元的稳定币，其中大部分是基于借贷协议。

The SUI ecosystem reports $830.78B in value locked, expanding from $500M in August. For now, the protocol is not considered undervalued, as its market cap above $3.6B is much higher than the value locked on the protocol.

SUI 生态系统报告锁定价值为 830.78B 美元，较 8 月份的 5 亿美元有所扩大。目前，该协议并不被认为被低估，因为其市值超过 $3.6B 远高于该协议锁定的价值。

The ecosystem hosts the NAVI protocol, a collateralized lending facility offering loans against SUI, USDC, USDT, WETH, and WBTC. The chain also hosts DEXs and smaller lending hubs, but NAVI still controls more than 40% of the liquidity.

该生态系统托管 NAVI 协议，这是一种抵押贷款工具，提供针对 SUI、USDC、USDT、WETH 和 WBTC 的贷款。该链还拥有 DEX 和小型借贷中心，但 NAVI 仍控制着超过 40% 的流动性。

Most of the recent ecosystem expansion comes from NAVI, which only held around $140M in value locked as of August 6.

最近的生态系统扩张大部分来自 NAVI，截至 8 月 6 日，其锁定价值仅约为 1.4 亿美元。

SUI claims to have up to 1.6M daily active accounts, a level similar to TRON’s high-traffic network. There is no specific data on user count for apps, though Navi Protocol has reported up to 10K daily active users.

SUI 声称拥有高达 160 万个每日活跃账户，与 TRON 的高流量网络水平类似。尽管 Navi Protocol 报告称每日活跃用户高达 10K，但没有有关应用程序用户数量的具体数据。

The biggest problem for SUI is the rapidly expanded supply. In 2023, the project started off with around 500M tokens, going through its biggest cliff unlock in April. SUI expanded its supply from around 1B tokens to 2.3B in a single event. Currently, the supply is growing more gradually, but will still grow to 3.63B in a year.

SUI面临的最大问题是供应量的迅速扩大。 2023 年，该项目以约 5 亿代币启动，并在 4 月份经历了最大的悬崖解锁。 SUI 在一次活动中将其供应量从大约 1B 代币扩大到 2.3B。目前，供应量增长较为缓慢，但一年内仍将增长至3.63B。