In a surprising turn of events, two altcoins ranked among the top 100 have managed to defy the downward trend in the crypto market and experience significant gains this week, thanks to new developments in their respective ecosystems.

Helium (HNT), a decentralized Internet of Things (IoT) network, made an exciting announcement on Friday. It revealed that “two large US carriers” have initiated tests to offload their traffic onto the Helium MOBILE Network. MOBILE, which is based on the Solana blockchain (SOL), is a decentralized wireless provider and an integral part of the Helium ecosystem. Its main objective is to facilitate communication and data sharing among IoT devices connected to the network by supporting smart contracts and enterprise applications.

At the time of writing, HNT, the native token of Helium, is trading at $6.67. This crypto asset, ranked 66th by market capitalization, has experienced a remarkable surge of over 18% in the past 24 hours and nearly 48% in the past seven days.

Another altcoin making waves is Sui (SUI), a smart contract platform that has witnessed an increase in value following an announcement by the crypto giant Grayscale earlier this week. Grayscale revealed its plans to launch a trust specifically designed for SUI, which has further boosted its performance in the market.

Currently, SUI is trading at $0.86. As the 35th-ranked crypto asset by market cap, it has seen a modest rise of 2.55% in the past 24 hours and an impressive surge of nearly 55% in the past seven days.

In contrast, the overall crypto market cap has experienced a decline of 1.18% in the past 24 hours and over 13% in the past two weeks, according to data from CoinGecko.

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