SpringSui is a Liquid Staking Token (LST) developed by Suilend, a defi super app on Sui.
It offers significant improvements over existing LSTs, most notably instant unstaking. Instant unstaking allows for infinite liquidity when unstaking, enhancing safety by reducing the risk of depegging. In the future, other teams will be able to deploy their own LSTs on the platform permissionlessly and at no cost using the SpringSui Standard.
Spring Staked SUI Price Analysis
As of December 25 2024 Spring Staked SUI has a marketcap of $38M.
This is {{percentagefromath}} from its all time high of $4.96.
In terms of its tokenomics, there's a total supply of 8.3M with 100% currently outstanding.
Keep in mind Spring Staked SUI has a fully diluted value of $38M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
