Cryptocurrency wallet Trust Wallet has just integrated layer 1 blockchain Sui Network.
According to data provided by CoinGecko, the daily trading volume of the native SUI Network token has reached $1.6 billion, with a capitalization of $723 million, following the mainnet launch.
A total of 528 million SUI tokens are circulating, and its issuance is 10 billion coins.
During the first minutes of trading on Binance, the asset reached $2.16, subsequently dropping 37% to $1.38.
Despite the negative dynamics following the listing, participants in the sale of the token continued to profit. Prior to the listing, the token was trading at $0.03 and $0.1, a potential gain of more than 200%.
Most of SUI’s trading volume comes from Binance (50%), followed by Bybit (12%), OKX (11%) and KuCoin (7%).
A “permanent” Sui Network test network was launched in March and will continue to operate after the launch of the protocol.
According to the Sui Foundation, more than 50% of the expected tokens will be used to develop the project.