Most Profitable Cryptos This Week - $SUI 14% Surge

Following on from last week’s ‘flash crash’, gains across top cryptocurrencies have been few and far between. However, a small handful of top digital assets have yet performed well over the seven-day period.

$SUI Outperforms The Market

Within the top 100 cryptocurrencies by market capitalization, $SUI, the native token for Mysten Labs’ Sui Network, has performed best, clocking in an impressive 14.3% gain over the week at time of writing, according to data from CoinGecko.

Currently, $SUI boasts a market capitalization of nearly $400 million, less than four months after its official public mainnet launch. 

The direct cause of $SUI’s recent performance is not entirely clear. However, according to Sui’s blog, its most recent formal announcement came on August 18, when the recipients of some $900,000 worth of grants were announced.

‍

Weekly Gains from $DYDX and $TON

Not far behind Sui’s impressive run, comes decentralized finance protocol, dYdX ($DYDX), which recorded a 10% gain over the seven-day period, translating to a total market capitalization of more than $375 million, according to data from Coingecko.

Similarly, Toncoin’s $TON has seen a 6.8% recovery over the same timeframe, placing its own market cap at nearly $5 billion. 

Honorable mentions include Fantom’s $FTM, and Tron’s $TRX, which are up 5.8% and 4.6%, respectively, over the week.