SUI (Sui) has fallen 7.19% in the last 24 hours.

Gate News Bot news, on November 3rd, according to CoinMarketCap data, as of the time of writing, SUI is currently priced at $2.21, falling 7.19% within 24 hours, with a high of $2.65 and a low of $2.17, and a 24-hour volume of $930 million. The current market capitalization is approximately $8.125 billion, a decrease of about $629 million compared to yesterday.

Sui is a decentralized blockchain platform designed to provide the advantages of Web3 while maintaining the usability of Web2. Sui uses the Move programming language, which has inherent security. The platform supports features such as zkLogin authentication, verifiable off-chain computation Nautilus, and secure seamless transaction signing Passkey. Sui is committed to providing scalable, fast, and low-cost infrastructure for fields such as gaming, business, and finance.

Important news about SUI recently:

1️⃣ Sui enters the US prediction market Sui Network has partnered with the U.S. regulatory prediction market platform Kalshi, allowing U.S. users to deposit SUI and native USDC on the platform. This move marks Sui's formal entry into the U.S. compliant prediction market space, expanding new application scenarios for its ecosystem.

2️⃣ Global users are about to gain broader participation opportunities Apart from the U.S. market, the collaboration between Sui and Kalshi is expected to expand to other regions around the world soon. This development is anticipated to bring more international users and liquidity to SUI, potentially enhancing its global market share.

3️⃣ Innovative Applications of On-Chain Prediction Markets Through its collaboration with Kalshi, Sui has demonstrated its innovative capabilities in on-chain prediction markets. This not only enriches the application diversity of the Sui ecosystem but also highlights its competitiveness in the fintech sector.

Despite the progress Sui has made in the prediction market sector, the SUI price still shows a falling trend in the short term, which may reflect broader market sentiment or the impact of other unknown factors. Investors should closely monitor the further developments of the Sui ecosystem and its potential impact on the SUI price.

This message does not constitute investment advice; investors should be aware of market volatility risks.