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The Daily Hodl 2025-03-08 01:00:47

Solana Rival Sui Defies Crypto Market Slump and Surges Amid New Partnership With Trump-Affiliated DeFi Protocol

Solana Rival Sui Defies Crypto Market Slump and Surges Amid New Partnership With Trump-Affiliated DeFi Protocol

The layer-1 blockchain Sui ( SUI ) is defying the broader crypto market downturn after inking a new deal with a decentralized finance (DeFi) protocol linked to US President Donald Trump. The Solana ( SOL ) rival is witnessing price gains amid a new collaboration with World Liberty Financial (WLFI). Says World Liberty Financial co-founder Zak Folkman in a statement , “We chose Sui for its American-born innovation combined with impressive scale and adoption. It is a natural complement to our mission of bringing decentralized finance to more Americans. Given our plans to support foundational DeFi assets in the coming months, collaborating with Sui was an obvious decision.” World Liberty Financial’s website states that Trump is not an officer, director, founder or employee of the firm or any of its affiliates but lists the president as its chief crypto advocate. The website also notes that DT Marks DEFI LLC, a company affiliated with Trump and some of his family members, holds 22.5 billion WLFI tokens and is entitled to receive fees from the project. SUI is currently trading for $2.76, up by 5.18% over the past 24 hours. Leading altcoins hover in the red zone. The smart contract platform Ethereum ( ETH ) is down by 0.58%, while Solana and Cardano ( ADA ) plunged by 1% and 7.41%, respectively. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Solana Rival Sui Defies Crypto Market Slump and Surges Amid New Partnership With Trump-Affiliated DeFi Protocol appeared first on The Daily Hodl .

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