Sui (SUI) Gains Momentum as Developer Internship Launches and TVL Surges

Sui offers a new opportunity for developers looking to build and scale within its network. This comes after the core developers of the network, Mysten Labs, rolled out the ‘LAUNCH Career’ program, a three-month internship program designed to help young developers grow in the network.

The LAUNCH Career program is intended to connect developers with teams that are working on it. This program provides an opportunity for developers to gain practical, real-world experience and get paid for it, which is intended to develop the Sui developer community and grow the ecosystem.

This is another indicator that Mysten Labs is interested in the long-term development and advancement of the ecosystem through the development and nurturing of talented individuals.

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TVL Expansion Redefines Sui’s Position in the Market

However, the crypto analyst, Nekoz, revealed that Sui is quickly becoming one of the best performers in the crypto space, with the Total Value Locked (TVL) increasing by more than $634 million in 2026. This represents an accelerated level of activity on the blockchain and the growing confidence of developers and allocators of capital who are increasingly choosing it as their Layer-1 chain of choice.

Source: X

Industry watchers indicate that the TVL trend is surging rapidly, and this suggests a long-term transformation rather than a flash pump. With increased liquidity and adoption on the Sui Network, it is losing the ‘underdog’ image and emerging as the ‘benchmark’ in its sector. With improved fundamentals, the market is now focusing on the price discovery process.

Price Action Signals Consolidation as Pressure Eases

On the SUI weekly chart, the current price is around $1.78, which is below the group of EMAs of 20, 50, and 100 weeks, ranging between $2.14 and $2.52. It is in a bearish zone with support turned to resistance. It was pushed towards the lower Bollinger Band due to the huge fall from around $4 to $4.5. It is currently stabilizing.

Source: TradingView

Momentum indicators reveal that the RSI is around 40, having touched the high 30s. It is not a strong sell, but there is not enough evidence for a reversal either. The minor correction is not a strong rally upwards. For further strengthening, the RSI needs to cross 50, and the price has to cross the 20-week EMA. Otherwise, the trend remains cautiously weak.

Also Read: SUI Hits Major Milestone with 21Shares 2x Leveraged ETF Launch