Cryptocurrencies with Notable Increases on May 9: Sui, EigenLayer, SushiSwap, ssv.network
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In the past 24 hours, the crypto market has seen an extraordinary surge, adding over $235 billion to its total market capitalization. This powerful move is driven by renewed institutional interest and growing real-world use cases, creating confidence in the future of blockchain technology. Here, we cover some of the standout stars today: Sui (SUI), EigenLayer (EIGEN), SushiSwap (SUSHI), and ssv.network (SSV), each pushing their respective sectors forward.
Hot Crypto Movers - Today's Lineup
- Sui - the edgy Layer-1 blockchain with its unique object-centric design, promising high scalability, fast finality, and low fees. Powered by Move programming language, it simplifies developers' lives while boosting the user experience with features like zkLogin, sponsored transactions, and customizable transaction blocks.
- EigenLayer - introducing "restaking" on Ethereum, enabling users to recycle staked ETH or LSTs, securing other decentralized services and enhancing Ethereum's overall security. Its native token EIGEN serves as a universal intersubjective work token.
- SushiSwap - a leading DEX and AMM operating on over 40 blockchain networks. Swap, stake, and enjoy competitive pricing with advanced tools like Smart Pools, SushiXSwap, and xSUSHI.
- ssv.network - a decentralized staking infrastructure providing enhanced security by splitting and distributing Ethereum validator keys across multiple independent nodes.
Let's dive into why these tokens are among the day's hottest movers.
1. Sui (SUI)
The Sui blockchain, made for global adoption, showcases high scalability, quick finality, and low fees through its one-of-a-kind object-centric architecture and parallel transaction execution. Fueled by developer-friendly features, SUI, its native token, supports staking, gas payments, and governance actions, proving central to network security and utility. Currently priced at $3.99, SUI displayed a 16.70% gain in the past 24 hours and an impressive 105.64% rise in the last month. With a daily range of $3.53 to $4.08, SUI demonstrates volatility and upward momentum, pulling 92% of the top 100 crypto assets over the past year. Discover Game Dollar, Sui's programmable gaming stablecoin, created by Playtron and M0 Foundation for a compelling gaming ecosystem.
2. EigenLayer (EIGEN)
EigenLayer, an innovative solution on Ethereum, introduces a novel approach to staking by allowing users to "restake" ETH or LSTs to secure other decentralized services. This novel method strengthens Ethereum's security by pooling resources efficiently, reducing fragmentation, and enabling broader participation. Trading at $1.10 after a 39.80% climb in the last 24 hours, EIGEN has climbed 56.34% in the last month, boasting a 24-hour range between $0.793 and $1.18. This growth indicates renewed interest in EigenLayer's vision and concept.
3. Solaxy (SOLX)
Another hot gainer is Solaxy, a Layer 2 solution for the Solana network, focusing on scalability, staking rewards, and early investment advantages. The Presale has already collected an impressive $33.7 million, pricing SOLX at $0.001718. Investors can stake SOLX tokens for up to a 119% annual percentage yield (APY) while earning benefits before the Token Generation Event (TGE). Once TGE takes place, $SOLX will be listed on major exchanges, providing opportunities for liquidity and trading.
4. SushiSwap (SUSHI)
SushiSwap, a leader in the DeFi sector, is a decentralized exchange and AMM that operates across multiple blockchain networks. Swap tokens, earn rewards, and stay ahead of the game using features like xSUSHI, Smart Pools, and SushiXSwap. SUSHI, its native token, is being traded at $0.7759, showing a 26.42% surge in the past 24 hours and a 56.54% jump over the past month, rallying alongside broader DeFi momentum.
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- The blockchain technology-driven crypto market, experiencing a surge of $235 billion in the past 24 hours, is streamlining finance with emerging players such as Sui, EigenLayer, SushiSwap, and ssv_network.
- Sui, with a unique object-centric design, has showcased a 16.70% gain in the past 24 hours, signifying its potential as a Layer-1 blockchain for global adoption.
- EigenLayer, an innovative solution on Ethereum, reported a 39.80% climb in the last 24 hours, strengthening Ethereum's security through its novel approach to staking.
- SushiSwap, a leading decentralized exchange and AMM, has experienced a 26.42% surge in the past 24 hours, often corresponding with broader DeFi momentum.
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