Top Crypto Gainers Today, September 3, Lighter, Arbitrum, Sui

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Top Crypto Gainers Today, September 3, Lighter, Arbitrum, Sui

Highlights:

  • Arbitrum is leading the top crypto gainers today after it jumped 17.48% due to strong network activity.
  • Lighter is seeing much stronger platform activity, with rising fees and token buybacks helping drive its latest move.
  • Sui is showing signs of a recovery after finding support near $0.70, with $0.75 and $0.79 as key levels to watch.

The crypto market is slightly up today after BTC reclaimed the key $78,000 support in the morning trading hours. The cryptocurrency had fallen to an intraday low of $76,200 yesterday before the recovery. The current market trajectory hinges on whether BTC can hold the $78,000 support and if Institutional investment in crypto ETFs will continue.

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As of press time, the overall market cap is up 0.34% to $2.62 trillion, while the trading volume is down 9.50% to $75.3 billion. The fear and greed index has dropped to the fear zone at an index of 72 after a few days in the extreme greed zone. According to Coinglass data, the market experienced cumulative liquidations of $285.49 million in the past day. With the market back in a consolidation phase, here are the crypto gainers today.

Top Crypto Gainers Today

1. Lighter (LIT)

Lighter has emerged among the top crypto gainers today, with a surge of 11.71% to $3.95, a new all-time high. In addition, its trading volume is up 17.34% to $106.9 billion, while the market cap stands at $987.52 million.

Top Crypto Gainers Today, September 3, Lighter, Arbitrum, Sui
Lighter Price Chart: CoinMarketCap

LIT has hit a new high today following a sharp increase in activity across the Lighter platform. The decentralized futures exchange processed $44.8 billion in perpetual futures volume over the past 30 days. The trading volume also increased 32% during the same period. Meanwhile, the platform fees jumped 72% to $4.48 million. Lighter directed $2.7 million of those fees into automatic LIT buybacks.

Lighter now controls 6.8% of onchain perpetual futures volume. The platform also handles more than 1% of the $5 trillion derivatives market. Analysts at Crypto2Community expect LIT to hit $5 in the short term.

2. Arbitrum (ARB)

Arbitrum is trading at $0.1347, representing a 17.48% increase on the daily chart. The market cap stands at $899.86 billion. Meanwhile, the trading volume has increased by 28.63% to $481.4 million.

Top Crypto Gainers Today, September 3, Lighter, Arbitrum, Sui
Arbitrum Price Chart: CoinMarketCap

ARB is among the top crypto gainers today following strong growth across the Arbitrum network. Arbitrum DAO generated $6.19 million in income during the first half of this year. Meanwhile, the protocol revenue margins topped 97%. The DAO also held $125 million in assets outside ARB.

Arbitrum processed 478 million transactions, representing about 18% of all transactions in its history. Meanwhile, the monthly stablecoin transfers averaged more than $70 billion. The surge in the network has led to the ARB token surging, with analysts expecting it to hit $0.14 as the network grows.

3. Sui (SUI)

Sui has joined the list of the top crypto gainers today and is currently trading at around $0.7661, with a 5.79% increase in the past day and 10.76% on the weekly chart. Its trading volume is up 37.87% to $550.2 million, while the market cap stands at $3.13 billion.

Top Crypto Gainers Today, September 3, Lighter, Arbitrum, Sui
Sui Price Chart: CoinMarketCap

SUI has flashed a TD Sequential buy signal on the daily timeframe after several days of steady declines. The signal appeared near $0.714 after SUI found support around the $0.70 area. Holding this zone could give the token room to recover toward $0.75.

A move above $0.75 could bring the $0.79 resistance back into focus. Meanwhile, further strength would expose $0.83 before SUI challenges the larger $0.87 level. SUI needs to protect $0.70 for the buy signal to remain meaningful, as losing that support could extend the decline further.

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