- Revolut adds in-app $SUI staking to earn passive income for its 45M users.
- SUI price rises by 6.3% to $0.956 mark.
- Market Cap gains a $200M boost and trade volume of $580M in 24 hours.
Sui price shows a positive uptick today with a 6.2% gain that’s fueled by Revolut’s new in-app staking support. The release of the new staking support raised the market cap of the Layer1 blockchain by an additional $200 million, according to a CoinGecko tweet.
The layer-1 powerhouse has reclaimed its bullish momentum in the last 24 hours. As per the price chart, the token is trading around $0.957 after bouncing off a key support level near the $0.90 mark to test the immediate resistance, giving some relief to the traders.
Increased Retail Adoption With In-app Staking
One among the many reasons for the sudden bullish growth in $SUI price can be credited to the announcement from the global fintech heavyweight Revolut. The platform has officially integrated the network’s native token into its “Earn” section, allowing its userbase of over 45 million to stake the token directly within the app.
The addition of the staking feature on Revolut lowers the entry barrier for many retail investors looking to earn passive rewards on the Sui network. Historically, Revolut’s support for specific crypto features has acted as a major liquidity driver, and the market’s reaction to $SUI staking is no different.
$SUI Price Surges With $200 Million Cap Boost
Another reason for the price surge can be credited to the market capitalization getting an additional boost of $200 million in a single day. CoinGecko reports SUI’s total market cap valuation at $3.71 billion. The sheer size of the market cap is enough to secure the 30th position among the top cryptocurrencies ranked by market cap.
Trading volume has also seen a spike, with over $580 million worth $SUI traded in the last 24 hours. The millions in traded value indicate high conviction among traders, especially as the Layer1 Blockchain continues to outperform the broader altcoin market.
What is Next for Price Movements?
A quick look at the token’s 15-minute chart reveals a classic stair-step recovery. After a period of consolidation earlier on March 23, a massive green candle, which was likely triggered by the Revolut news, caused the price to spike from $0.90 to the $0.97 zone.
If the price continues to stumble due to profit booking by institutions, the price can likely test the support that is at the $0.936 level. The purple line on the chart suggests there is a strong buying interest in the zone. However, if the price is able to keep momentum in its run towards the $0.9724 mark, a breakout above the level would clear the path for a psychological restest of $1.0.
Editor’s Note
With the recent launch of Hashi Protocol and increasing TVL in the DeFi sector, Sui is positioning itself as one of the key players among Layer 1 blockchains in 2026. With Sui Stack (S2) evolution in place, it is becoming a top choice for developers building decentralized applications. The utility provided by SUI is among the top reasons for its growth as an emerging Layer1.
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