Why Did Sui Name Service (NS) Price Rise? - 16.05.2025

The native token of SuiNS, NS, plays a central role in the platform’s governance. Token holders can vote on key decisions such as protocol upgrades and treasury allocations. Additionally, NS tokens can be used to purchase SuiNS names at discounted rates and earn rewards by participating in governance votes.

With a 2.12% increase in the past 24 hours, NS is among the top-performing assets of the day.

A leading global exchange recently added the decentralized identity project SuiNS Token (NS) to its pre-listing platform, highlighting the project’s innovative solutions. While the official trading start date has not yet been announced, this development may have contributed to the recent price uptick.