Sui, a blockchain platform competing with Solana, is doing surprisingly well despite the recent crypto market downturn. This success is partly due to a new partnership.
A Boost from a Trump-Linked DeFi Protocol
The partnership is with World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol. While former President Trump isn’t directly involved with WLFI, he’s listed as their chief crypto advocate. A company affiliated with Trump and his family holds a significant stake in WLFI.
Zak Folkman, co-founder of WLFI, explained their choice of Sui: They were impressed by Sui’s development in the US, its scalability, and its growing user base. They see it as a perfect fit for their goal of expanding DeFi access in America.
Sui’s Price Performance
This news has been good for Sui (SUI). The token is currently trading at $2.76, a 5.18% increase in the last 24 hours. This is in stark contrast to other major cryptocurrencies, many of which are experiencing losses. Ethereum is slightly down, while Solana and Cardano have seen more significant drops.
Disclaimer: This information is for general knowledge only and is not financial advice. Always do your own research before investing in cryptocurrencies.
/p>
