Scallop, an SUI lending protocol, has the SCA token which has also shown active movement and has appreciated within a week.

Last week, $SUI recorded $3.12 as its previous peak or last week also had some upward movement before that.

On November the 6th, SUI first gave out a price increase having at the time been quoted as $1.96. today has rounded the token in numbers then the price values went up. As of writing this paper, SUI’s valuation in the market has gone to the tune of $8.6 billion as the worth of the tokens.

There is also a fact that SCA tokens of Sui lending protocol Scallop have also gained much value over the last 7 days.

SCA Tokens have also seen appreciation over the last days and this is due to activity and demand for the asset.

November the 6th was recorded as the second day in a row that saw SCA increase and an 85 % squeeze in price was also seen that was again $0.52.

As of writing this paper, SCA has increased by $0.5 which represents an increase from $0.5 today by 23% saying Thank You to anyone who had assists in making it a possible achievement.

Suis ecosystem has been peer to peer and SCA is positioned within the SCA SCALLOP group which began its operations. Scap SUI is the first DeFi model with an official grant from the Sui Foundation.

Recent Sui Achievements

On the behalf of the Sui team, on the eighth of November Sui re-shared another remark from Blockworks via X showing the recent Sui wave in a rather conspicuous manner.

Blockworks also pointed out that during the last month more than one so-called Sui network key performance indicators made new all-time high sailing the sails.

These include volumes of DEX, the amount paid in fees for transactions, and total value locked – all of them achieved a new record for the network.

In October, the monthly spot DEX volume on Sui on the contrary reached new people’s attention after close to $ 5 billion dollars was registered.

Also, some of the applications on the network enjoyed a lot of this increase in action with one of them, Cetus Protocol which had settled over 4 billion dollars in monthly spot volume and held the largest share market (over 90%) in both volumes and TvL amongst the Sui DEX markets.

Also, Sui’s money markets are absolutely active with total value locked up as well as borrows outstanding in all three leaders Navi protocol, Suilen Protocol and Scallop as stated earlier above being the highest.

Also over the course of the last three months, Sui has finished up third with the most 3 chains by the net inflows with total figures of above 428 million dollars chased only by Base and Solana.

#SUIHitsATH #BTCNear82k #AltCoinRush #Trump47thPresident $SUI