Layer-1 (L1) coin SUI has defied the broader market downturn, surging 4% in the past 24 hours to become the top-performing cryptocurrency.
The price surge follows news thatWorld Liberty Financial (WLFI), a decentralized finance (DeFi) protocol affiliated with US President Donald Trump, has entered a “strategic reserve deal” with the blockchain network.
SUI’s Uptrend Gains Momentum
According to a March 6 blog post by the Sui Foundation, the developer team behind Layer-1 blockchain Sui has entered into a partnership with WLFI. The collaboration explores product development opportunities by leveraging Sui’s technology and includes integrating Sui-based assets into WLFI’s “Macro Strategy” reserve.
Following the news, SUI’s price jumped by double digits and reached a high of $3.11 on Thursday. This price hike was also fueled by news that Canary Capital filed to establish a trust entity in Delaware for its proposed Canary SUI ETF.
While it has since experienced a slight correction, Sui has continued to experience steady demand over the past 24 hours, increasing the likelihood of a sustained rally in the short term.
SUI’s Balance of Power (BoP) on the daily chart confirms this buying pressure. At press time, this indicator, which compares the strength of the bulls against the bears, is above zero at 0.18.
When an asset’s BoP climbs during a price rally, buying pressure strengthens, with bulls exerting significant control over price action. This suggests that SUI’s current uptrend has strong momentum and could potentially continue if demand remains high.
Furthermore, its rising Chaikin Money Flow (CMF) supports this bullish outlook. At press time, this indicator, which tracks how money flows into and out of an asset, posts a positive value of 0.02.
SUI’s CMF setup indicates more capital flows into its spot markets than out. This suggests strong accumulation and is a bullish signal, reinforcing the likelihood of continued price appreciation.
SUI Faces Key Decision Point
SUI trades at $2.79 at press time, exchanging hands slightly below the resistance formed at $3. If demand strengthens, SUI could break above this resistance and flip it into a support floor.
A successful breach of this level could propel the coin’s price to revisit its all-time high of $5.35, last reached on January 6.
Over the past few months, Ethereum has experienced a significant decline in user activity on its blockchain. This slowdown has reduced the network’s burn rate—a mechanism that helps decrease ETH supply over time.
With fewer tokens being burned, ETH’s circulating supply has risen, putting inflationary pressure on the asset. As a result, the coin has struggled to maintain a stable price above the $2,000 level in recent months.
Low Burn Rate Equals More Coins in Circulation
According to Ultrasoundmoney, 72,927 ETH, valued at $134 million at current market prices, have been added to ETH’s circulating supply in the past month alone.
At press time, this sits at 120,730,199 ETH, significantly above pre-merge levels.
This increase in ETH’s supply is driven by a decline in user activity on the Ethereum network, reducing its burn rate. Ethereum’s burn mechanism, introduced through EIP-1559, destroys a portion of transaction fees to reduce the circulating supply of ETH.
However, this mechanism is directly tied to network usage. So, when fewer transactions occur like this, less ETH is burned, resulting in ETH’s supply spiking.
According to Etherscan, the daily amount of ETH burnt has dropped by 95% year-to-date. In fact, the network recently recorded its lowest amount of coins burnt in a single day on April 20.
Many users and developers are migrating from Ethereum to Layer-2 (L2) solutions like Optimism and Arbitrum. These networks offer significantly lower transaction fees and faster execution, reducing user activity on Ethereum’s mainnet.
For example, as of April 30, the average transaction fee on Optimism’s mainnet was just $0.024. By contrast, completing a transaction directly on Ethereum cost users an average of $0.18 on the same day, which is over seven times more expensive.
Optimism Average Transaction Fee. Source: Dune Analytics
Moreover, thanks to the recent meme coin mania, “Ethereum killers,” such as Solana, have gained significant traction over the past few months, drawing users away from the L1.
Together, these trends have led to a decline in Ethereum’s transaction count, hence the network’s low burn rate.
How Do Ethereum’s Fundamentals Stack Up?
The drop in Ethereum’s user demand and the subsequent rise in ETH’s supply have raised important questions about the strength of its fundamentals.
When asked how Ethereum currently compares to other Layer-1 (L1) networks amid broader market weakness, Vincent Liu, Chief Investment Officer at Kronos Research, offered his perspective.
“Ethereum’s fundamentals remain strong relative to other Layer 1s, particularly when you consider its total value locked (TVL) of $368.921 billion, which positions it at the top of the leaderboard,” Liu said.
Although Liu acknowledged that Ethereum ranks fifth in 24-hour fees, behind Tron, Solana, HyperLiquid, Bitcoin, and BNB Chain. He emphasized that the network still “demonstrates significant demand and usage.”
Temujin Louie, CEO of Wanchain, shares a similar perspective. While speaking with BeInCrypto, Louie noted:
“Compared to other Layer 1s, fundamentals remain Ethereum’s strength. Unlike many Layer 1s with aggressive inflation as part of their design, Ethereum’s post-merge architecture makes it potentially deflationary. However, the benefits of EIP-1559 depend on on-chain activity. Nevertheless, this is a structural advantage over most competing Layer 1s.”
While increased activity across Layer-2 (L2) solutions and “Ethereum killers” like Solana may have contributed to a decline in user demand on Ethereum itself, Louie believes that the L1 network “remains a leader in decentralization and has a near-unmatched track record that continues to secure its place in the market.”
What About ETH Price?
Even with strong fundamentals, declining activity on Ethereum poses challenges for ETH in the short- to mid-term. Commenting on this, Liu explained that lower network activity generally signals weaker demand for ETH.
At the same time, increased coin issuance on the network undermines Ethereum’s deflationary model, which was designed to support price appreciation.
“This combination could result in bearish price movements,” Liu warned, “especially as investors look to alternative Layer 1s offering better scalability and lower fees.”
Kadan Stadelmann, CTO of Komodo Platform, also highlighted the role of macroeconomic factors:
“If Ethereum experiences an extended decrease in usage, the price could fall considerably depending on how much use drops, especially if the Fed continues its policy of quantitative tightening compared to quantitative easing. Short-term, this could mean price drops down to the $2,000 range. If the trend continues, however, then Ethereum could find itself in a prolonged consolidation period or outright downtrend.”
ETH Eyes $2,000 Breakout Amid Strengthening RSI
ETH currently trades at $1,834, noting a 1% price dip over the past day. Despite the brief pullback, the bullish pressure in the coin’s spot markets continues to strengthen, reflected by the coin’s climbing Relative Strength Index (RSI).
At press time, this momentum indicator is at 57.68. ETH’s RSI readings signal growing bullish conditions. This indicates that the altcoin has room for upward movement if buying pressure increases.
In this scenario, its price could break above $2,027.
The cryptocurrency space is no longer booming with the same noise. After years of hype cycles and headline-grabbing surges, 2025’s so-called “bull run” is failing to meet expectations. Economic headwinds, regulatory pressure, and reduced retail participation have cooled the market. Liquidity is tightening. Attention has shifted elsewhere. The din that once surrounded crypto has dulled into a quieter, more reflective moment.
For the better part of a decade, blockchain innovation was defined by spectacle. Speculation became the business model. Projects raced to capitalise on virality. Memecoins rose and fell with astonishing speed, generating massive returns for a few and confusion for everyone else. Beneath it all, there were builders with a different vision, those trying to use this technology for more than fleeting value. But their efforts were often drowned out by the roar of markets chasing the next pump.
Now, as the tide recedes, the shortcomings of that era are plain to see. Many projects had no meaningful use case. Even those that pointed toward real-world utility – DAOs, DeFi, NFTs -often failed to mature beyond early experimentation. Governance mechanisms lacked teeth. Infrastructure remained incomplete. In some cases, user engagement dwindled as the novelty wore off and long-term viability failed to materialise. It has left the industry with a credibility gap, and a reckoning.
Yet this moment also presents an opportunity. The speculative layer that once dominated attention has thinned, leaving space for substance. What’s emerging is not a collapse but a reset. A chance to realign blockchain innovation with real-world impact. The next evolution of crypto will not be defined by entertainment or artificial scarcity, but by usefulness. By systems that solve problems, coordinate action, and create lasting value.
This shift is already underway. Regulation is forcing a higher standard. Institutions are becoming more discerning. Communities are demanding transparency and utility. The market is evolving from one driven by hype to one shaped by application. That doesn’t mean the energy is gone, it just means the rules are changing.
To move forward, the industry must stop asking what will go viral and start asking what will endure. That means designing protocols that are built to last, not just built to launch. It means giving governance real structure, with accountability and clarity. It means aligning token economies with incentives that support users and communities over time, not just early speculators. And perhaps most importantly, it means integrating blockchain into real-world systems rather than operating in isolation.
There are already signs of progress. Projects are emerging in infrastructure, regenerative finance, decentralised science, and commodity-backed ecosystems. These are areas traditionally underserved by both capital and coordination. Some are experimenting with new models for local ownership and community governance, using blockchain to formalise systems that were previously informal or extractive. These may not be the loudest stories in the space, but they are arguably the most important.
The tools now exist to create decentralised structures that actually function. These are systems where decisions are made transparently, value flows can be tracked, and outcomes are measurable. But this requires more than code. It requires discipline, legal interoperability, regulatory foresight, real partnerships, and long-term thinking. In other words, the ability to build not just technologies but systems.
That is the real test ahead. Can blockchain move from the margins of speculation to the centre of meaningful coordination? Can it deliver financial inclusion, resource governance, or institutional resilience in ways legacy systems have failed to do? The answer lies not in the next trend but in the next ten years of committed, structured innovation.
This is not a romantic ideal; it is a necessity. Many of the world’s most critical systems, from land ownership to energy access to clean water, remain inefficient, inequitable, or entirely absent. These are domains crying out for better governance. Blockchain is not a silver bullet, but it does offer a new grammar for decision-making. When combined with real-world expertise and institutional-grade delivery, it can unlock systems that are more transparent, participatory, and accountable.
Of course, the speculative side of crypto will not disappear. Nor should it. Speculation is part of any emerging technology’s lifecycle. But the dominance of speculation must end. If Web 3.0 is to fulfil its potential, it must prove its relevance where it matters most — in the everyday lives of people, in the infrastructure of economies, in the regeneration of systems we rely on. That is where credibility will be won.
The good news is that the builders who remained through the noise are still here. They are launching projects in challenging jurisdictions. They are working through regulatory hurdles and building bridges between on-chain governance and off-chain enforceability. They are not promising the moon. They are rolling up their sleeves.
This is what comes next. Quietly, but with intent, a cohort of serious actors is shifting the blockchain narrative from disruption to integration. From fanfare to function. From tokens that entertain to systems that empower. Whether in agriculture, climate resilience, digital identity, or access to finance, this new wave of projects is less concerned with hype and more focused on legacy.
Among them is Kula, a governance-first blockchain platform focused on real-world commodities such as land, water, and energy, and their structured investment through decentralised systems. With projects underway in Zambia and Nepal, and others planned in Malaysia and beyond, Kula reflects the kind of long-term, compliance-aligned thinking this new era demands. It is one example of the shift now taking root: less noise, more impact.
Cosmos (ATOM) is gaining strong bullish momentum, jumping over 14% in the last 24 hours as technical indicators flash potential for further upside. The token’s Relative Strength Index (RSI) has surged from deeply oversold levels to nearly overbought territory, highlighting an aggressive wave of buying pressure.
On the Ichimoku Cloud chart, ATOM has broken above the cloud with bullish crossovers forming, suggesting a possible trend reversal is underway. As the price nears a key resistance zone, traders are watching closely to see if ATOM can maintain this breakout and push toward the $6 mark in April.
This rapid rise suggests strong buying pressure over a short period, signaling a dramatic shift in sentiment. The RSI is a momentum oscillator that measures the speed and change of price movements, with values ranging from 0 to 100.
Typically, a reading below 30 indicates an asset is oversold and may be due for a bounce, while a reading above 70 suggests it’s overbought and could be primed for a pullback.
With ATOM’s RSI now nearing the overbought threshold at 70, it indicates that the recent price run-up may be nearing exhaustion—at least in the short term.
While a breakout above 70 could signal a strong bullish continuation, such high RSI levels also come with caution, as traders may begin to take profits or reassess entry points.
If momentum holds, ATOM could push into overbought territory and extend its gains. However, if buyers begin to fade, the price could see some short-term cooling as the market digests the recent surge.
ATOM Ichimoku Cloud Shows A Bullish Setup
Cosmos is showing a bullish breakout on the Ichimoku Cloud chart. The price has decisively moved above the cloud, indicating a potential trend reversal.
The blue conversion line (Tenkan-sen) has sharply turned upward and now sits above the red baseline (Kijun-sen), which is a classic bullish crossover.
This alignment reflects growing short-term momentum and could support further upside if it holds.
Additionally, the Leading Span A (green cloud boundary) has started to curve upward, while Leading Span B (red boundary) is beginning to flatten.
This shift is causing the cloud ahead to thin out, signaling that bearish pressure is weakening. With the price above the cloud and the lagging span (Chikou) clear of recent price action, the overall setup leans bullish.
The current alignment of the EMA lines shows growing bullish momentum, and a golden cross—where a short-term EMA crosses above a longer-term EMA—appears to be forming. If confirmed, this signal could attract more buyers and reinforce the potential for a continued upward move, especially if volume supports the breakout.
