The Sui blockchain saw major gains after Copper’s USDC integration, with SUI hitting a new all-time high of $4.40. The cryptocurrency market volatility worked in SUI’s favor as the layer-1 platform gained 16% in 24 hours. This showed strong blockchain scalability with the market cap reaching $12.3 billion. The move helps reduce crypto security risks and brings more institutional investors to Sui’s growing ecosystem amidst rising cryptocurrency market volatility.
How Copper’s USDC Support Impacts the SUI Price and Blockchain Scalability
Copper USDC Integration Enhances Institutional Infrastructure
Copper’s USDC integration brings professional-grade tools to Sui’s DeFi system, which now manages over $2 billion.
Adam VandenBoogaard, co-head of revenue for Americas at Copper, said:
“Support USDC on the Sui blockchain is a notable step in strengthening our partnership with Sui. With much more to unlock across the stablecoin and Real-World Asset spaces, we’re committed to connecting the institutional finance world to on-chain opportunities on the Sui Network.”
Market Performance Amid Blockchain Scalability Challenges
SUI prices have soared 110% in the past month and 560% over the year, reaching another all-time high. The token jumped from $0.3648 in October 2023 to $4.14 today – a 1,060% increase. Enhanced blockchain scalability and stronger crypto security measures have made big investors more confident in SUI’s potential.
Copper USDC Partnership Drives Multi-Platform Growth
Phantom Wallet joined the Sui network, too, adding features like multi-chain support and asset swaps to address crypto security risks.
Sui Foundation head of ecosystem development Jameel Khalfan emphasized:
“Adding support for this asset within Copper’s enterprise-grade custody services will only add to the astounding growth of Sui as a destination for DeFi users.”
Sui now ranks among the top 10 DeFi chains, showing strong signs of future growth.
