The SUI blockchain platform has achieved a remarkable milestone by surpassing Cardano in total value locked (TVL), reaching an impressive $593 million. This surge, fueled by a $310 million influx in the past month, underscores SUI's growing popularity among investors in the decentralized finance (DeFi) sector.

Developed by former Meta engineers, SUI has experienced exponential growth in its TVL, rising from $211 million at the beginning of the year. This steep ascent reflects the rapid adoption of the platform and confidence in its technical infrastructure. The remarkable increase in the value of SUI's native token, up by 131%, further validates this growth. Surpassing Cardano's TVL, last reported at $407 million, is a significant milestone for SUI, highlighting its robust growth trajectory.

A key distinguishing factor for SUI is its high throughput and efficiency, capable of handling 6,000 transactions per second at its peak and generating 13.8 million blocks in a single day last December. With its ability to process large transaction volumes while maintaining lower gas fees compared to competitors like Ethereum, SUI stands out in the market.

Despite its recent surge, market analysts are advising caution, suggesting a potential price correction ahead. Analyst Trader XO mentioned securing profits around $1.50 and being open to re-entering the market under more favorable conditions. Similarly, Adrian Zduńczyk noted that breaching the $1.63 support level could prompt SUI to find new support levels around $1 or $0.72. This anticipation of a potential bearish trend underscores the volatile nature of the crypto market.