The Sui Network ($SUI) has recently experienced significant growth, surpassing a price of $4.27 and reaching a peak of $4.67. This surge is indicative of the platform's increasing adoption and engagement in the decentralized finance (DeFi) space, with its total value locked (TVL) rising from $1.51 billion to $1.9 billion since December 2, 2024. Notably, Sui's TVL currently stands at approximately $1.8 billion, bolstered by key lending platforms such as Suilend and NAVI Lending, which together account for 58% of the TVL. The market capitalization of $SUI is reported to be around $13 billion, with projections suggesting it could exceed $50 billion. In addition, the $LOFI token, associated with the Sui ecosystem, has reached a market cap of $225 million and is positioned as a significant player within the Sui blockchain, ranking as the third project by market cap on the network. The rapid growth of $SUI has led to discussions about its potential to outperform other altcoins, particularly $SOL and $XRP, in the current bull market.