- SUI expanding fast; strong DeFi growth and NFT adoption underway.
- Walrus Protocol uses 26% storage; strong privacy and Filecoin rival.
- Suilend leads SUI DeFi; zero-fee borrowing and high APYs offered.
As the Sui blockchain continues to mature, several projects within its ecosystem are starting to show breakout signs. With strong development activity and rising adoption, a few altcoins connected to SUI could be set for big moves. Here’s a look at three SUI ecosystem tokens that might have 10x potential in the next market cycle.
SUI (SUI)
The analyst started with the network’s native token. Even though SUI is only about two years old, it’s made good progress.
The project keeps expanding its DeFi and NFT presence, with recent launches like Nautilus, a tool bringing privacy and tamper-proof oracles to the SUI network.
SUI currently holds the 8th spot in total value locked (TVL) among blockchains. At around $3.40 per token and still about 40% below its all-time high, many analysts see this as a good entry point, expecting the price to climb as the ecosystem grows.
Related: Is Bitcoin Finally Becoming a “Stable” Asset? The New Data Is Shocking
Walrus Protocol (WAL)
One of the most-watched projects on Sui is Walrus Protocol (WAL), a decentralized storage platform designed to be a faster and more efficient alternative to networks like Filecoin. After raising $140 million and launching its mainnet in March.
Walrus has already seen impressive adoption, with more than 26% of its available storage in use and is also integrated with the above Nautilus for enhanced privacy and data encryption.
Its token, WAL, recently reached an all-time high of $0.76, and while it’s pulled back to around $0.51, it’s still up on the day. With new partnerships and adoption, the analyst said that WAL could 10x in the coming months.
Related: Altcoins Bounce Back: ETH, ADA, SOL, and More Enter Key Buy Zones
Suilend (SEND)
SEND is the top lending and borrowing protocol on SUI. It leads in DeFi TVL and recently introduced 0% borrowing fees. The platform also offers attractive APYs — for example, 42% on DEEP and 64% on WPLUS tokens.
More than $100 million in BTC-backed assets have already been deposited into Send, making it the leading Bitcoin-backed DeFi protocol on SUI. The SEND token currently trades at around $0.53, far below its previous highs, offering a good entry point.
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