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SUI boosted by ETF talk and a growing DeFi sector

SUI rallied to a one-month high, after expanding by 60% in the past week. The L1 platform traded as an undervalued asset, before getting a boost from ETF filings and expanding DeFi lending.

SUI broke out from its recent lows to trade at a one-month high. The token added 60% in the past week alone, reaching $3.39 with rapid expansion. SUI achieved an all-time high above $5.30 in January, a level not too far off. This sparked speculations SUI could extend its gains for new all-time highs above $7. 

24, 2025

For now, the product is still only accessible to accredited investors. However, SUI is also aiming at a wider user base. The bullish scenario for SUI is to rival Solana as a cheap and fast chain for building apps and real economic activity. 

SUI grows the DeFi lending sector

SUI is a multipurpose L1 chain, which adapted to the shifting Web3 demand. Previously, the chain marketed itself through NFT collections. SUI also carries meme assets and Bitcoin-based DeFi tokens, including several types of wrapped BTC.

SUI total value locked increased by nearly 40% in the past week, tracking the token’s rally. Currently, the protocol carries $1.63B locked in lending protocols and in the form of stablecoins. SUI has been a long-running project, going through multiple bull and bear cycles. In Q1 2025, SUI expanded its daily active addresses, with a baseline of 1.5M to 2.5M daily active users.

SUI active addresses showed more consistent daily activity in Q1, tapping demand for DeFi lending. | Source: Artemis

SUI receives over $125M flowing in from the Ethereum ecosystem. Of those inflows, over $115M come from stablecoins, with around $10M from other tokens. 

Despite the slowdown, SUI is now boosting its $879M. Most of the growth comes from USDC inflows, as the SUI protocol aims to track Solana’s success in building liquidity. 

SUI also carries a growing array of tokens, including BTC liquid staking $BTC