Sushi Value Rises by 5.1% Following Introduction of New Perpetual DEX on Sui Network
- Sui Network's DeFi ecosystem grows with $2B TVL, 700K daily users, and HyperSui's $2M presale launch. - SUSHI/SUI token surged 5.1% in 24 hours but fell 62.22% annually, amid bullish analyst forecasts up to $11.20. - HyperSui's cross-chain presale and 27,000% projected token appreciation aim to boost Sui's TVL and institutional adoption. - Backtesting strategies analyze 5%+ daily SUI surges to validate long-term value potential from major DeFi product launches.
On November 1, 2025, SUSHI experienced a 5.1% increase over 24 hours, reaching $0.5125. Over the past week, SUSHI declined by 5.59%, saw a 5.1% gain in the last month, and dropped 62.22% over the previous year.
The
HyperSui, a recently launched native perpetual DEX on the Sui Network, has attracted attention with innovative liquidity models and AMM-driven trading. Should HyperSui’s rollout succeed in attracting both institutional and retail participants, it could substantially increase the Sui Network’s TVL and, consequently, drive up demand for the SUI token.
Experts at Brave New Coin predict that SUI could reach between $7.70 and $11.20, depending on market dynamics and continued positive sentiment. In contrast, CoinPedia offers a more cautious projection of $3.42 by the end of October 2025. These forecasts underscore the potential for substantial growth in SUI’s value if the DeFi sector continues to develop.
Backtest Hypothesis
The influence of HyperSui on SUI’s price can be evaluated using an event-driven backtesting method. This hypothesis focuses on identifying instances where SUI’s price jumped by at least 5% in a single day, signaling increased trading activity and investor interest following major news or product launches. After pinpointing these events, the backtest would analyze how SUI and related DeFi tokens performed in the subsequent days and weeks.
A backtest covering the period from January 1, 2022, to November 1, 2025, could reveal whether such price spikes are linked to long-term gains, particularly around significant launches like HyperSui’s perpetual DEX. The analysis would track daily closing prices for SUI and assess returns over 1, 7, 30, and 90 days after each event. This strategy would offer data-driven evidence to support the idea that major DeFi innovations, such as launching a new DEX, can trigger both short-term price swings and lasting value increases for associated tokens.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Today: Will Bitcoin Revisit $100k? Is This a Period of Stabilization or a Pullback?
- Bitcoin retests $100,000 support amid divided market views on consolidation vs. correction. - Technical analysts highlight $100,000 as a psychological and structural pivot point for institutional activity. - Institutional inflows contrast with declining retail participation as new addresses drop 15% above $110,000. - Macroeconomic uncertainty and Bitcoin's 0.3 S&P 500 correlation fuel debates over its systemic risk hedge potential. - Surge in put options and 30-day high fear index signal caution despite
Mamdani's Initiatives Put New York City at Odds With Wall Street and Cryptocurrency Companies
- Zohran Mamdani's progressive policies as NYC's first Muslim mayor could reshape finance and crypto sectors, sparking debates on affordability and regulation. - Proposed 2% income tax on $1M+ earners and 11.5% corporate tax aim to fund housing and childcare, but may drive crypto firms to low-tax states like Texas. - Cuomo and Trump opposed Mamdani's agenda, while analysts debate his limited powers under state budget rules and potential regulatory pressures on crypto. - NYC's existing crypto regulations an
Bitcoin News Update: Major Institutions Support Canaan’s AI-Powered Mining Growth with $72 Million Funding
- Canaan Inc. secured $72M from Brevan Howard, Galaxy Digital , and Weiss to expand North American data centers, boost Bitcoin mining capacity, and fund R&D. - The investment follows a 50% YTD stock decline but strengthens its balance sheet, with CEO Zhang citing growing institutional confidence in its technology. - The deal aligns with industry trends as miners like CleanSpark and NIP Group pivot to energy-efficient AI infrastructure and diversified revenue streams. - Canaan paused 2025 equity sales, leve
Ethereum Latest Updates: Institutions Broaden Portfolios as Ethereum Drops to 36th
- Ethereum's market cap fell below $400B on Nov 5, ranking 36th globally as liquidations and ETF outflows accelerated. - Over $1.1B in crypto liquidations hit Ethereum and Bitcoin , with ETF outflows exceeding $500M as institutions diversify holdings. - Macroeconomic pressures and regulatory uncertainty worsened the selloff, pushing Bitcoin near $100K and altcoins into steep declines. - Analysts warn of further $6B liquidations if Bitcoin breaks $106K, with Ethereum facing potential $1,700 drop by mid-2026
Trending news
MoreCrypto prices
More
