Bitget Research: SUI Ecosystem's TVL breaks through 900 million USD, setting a new record. Frequent positive news from Solana Breakpoint supports the long-term price of SOL

BTC spot ETF had net inflows on 4 out of the past 5 working days, with a total net inflow of $397 million last week. The price of BTC has risen by 9% over the past week and is currently fluctuating between $62,000 and $64,500. The ETH/BTC exchange rate has rebounded to 0.04, and the gas on the ETH chain has risen to more than 20 gwei.

Bitget Research stated that SUI's ecosystem TVL broke through $900 million, setting a new historical high. The price of SUI coin increased by 48% within seven days as market speculation about "SUI becoming Solana killer" grew. The Solana Breakpoint 2024 conference ended without any significant impact on SOL coin prices from announcements made at the event regarding new plans or major product iterations; however these have laid a solid foundation for long-term development in supporting Solana's ecosystem.