🇸 Project summary @SuiNetwork – A 12-month strong growth journey (06/2024 – 06/2025). For reference, not financial advice!
1/7 – TVL & DeFi Volume skyrocketing
- TVL increased from ~$250M (Q2‑2024) → $1.75B by the end of 2024 → reaching $2.1B by summer 2025⚡.
- DEX volume reaches record highs: Q4‑2024 up to $265M/day (+445% QoQ), totaling $110B+ circulating within the ecosystem; despite a slowdown at the beginning of 2025, it is starting to recover quickly towards ATH 2024.
- Stablecoin supply exploded: $400M → $1.2B in just the first 6 months of 2025.
2/7 – Cross‑chain & Institutional onboarding
- Sui Bridge via Wormhole: in the last 3 months, there has been $945M in inflows, with Ethereum accounting for ~90%.
- Native USDC deployment (9/2024) alongside Circle CCTP, helping TVL rise from $700M to $900M in just a few weeks.
- Microsoft integration: through Space&Time indexer, allows for Sui data mining in Microsoft Fabric (May 2025) – opening up to enterprises & developers.
3/7 – Users & On‑chain activity
- Daily active wallets increased ~10x, reaching 471K addresses/day, peak >2.2M (23/5/2024) {cite}turn0search12{cite}.
Daily transactions skyrocketed: 9M → 11M transactions/day; TPS test reached ~297K/sec, latency sub‑400ms—helping support smooth DeFi/GameFi.
- Waiver commands like zwLogin, sponsored tx, storage blobs on Walrus testnet also enhance UX.
4/7 – Tokenomics & Fees
Fixed total supply: 10B SUI, using staking + light inflation (~0.34% per year Q4 2024) gradually decreasing.
Quarter Q4‑2024, fee yield reached $5.4M, increasing 6‑10x YOY.
High TVL & volume create substantial protocol revenue, paying fees helps incentivize validators & developers.
5/7 – Ecosystem & partnerships
- DeFi protocols: Cetus (CLMM), DeepBook, Suilend, NAVI… each protocol has a TVL of $240M+; SuiLend TVL increased ~90% in the first month of summer 2025.
- Blockchain, GameFi, NFT, SocialFi continuously developing: after 2024, MLS, ATP become partners; gaming console SuiPlayX1 launches in 2024.
- Institutional interest from VanEck, Grayscale, Franklin Templeton; stablecoins from Circle & First Digital (FDUSD, USDY…)
6/7 – Expert & KOL perspectives
✅ Advantages:
• Extremely strong TVL & on‑chain growth, cross‑chain inflow nearly $1B
• Superior technology: high TPS, low latency, excellent UX
• DeFi + stablecoin + enterprise integration create a diverse ecosystem
⚠️ Risks:
• DeFi capital flows can easily fluctuate with the general market
• DeFi chains are currently saturated; need further upgrades such as derivatives, infra tooling
💬 KOLs like CryptoMichNL, Blockonomi assess that a technical breakout is feasible around $3.15–3.30, could rise to $4+ if performance & adoption are maintained.
7/7 – Conclusion & action suggestions
- Investor/Trader: watch for entry around support levels $2.6–2.8, target retest $3.3–4.0, set stop at $2.6.
- Builders: integrate wallet (Phantom/Slush), Sui Bridge, layer game/DeFi.
- Institutions/Orgs: leverage MS Fabric integration, stablecoin use cases, compliance tools.
- Validator/staker: contribute to securing the network, receive very competitive rewards.
📌 In conclusion: Sui has gone from a hundred million TVL to multi‑billion dollars, is a versatile Layer‑1, with superior tech & one of the strongest ecosystems in the non‑EVM space today.
Will SUI be the 'Ethereum killer'? Keep an eye on the roadmap, on‑chain data, and the upcoming 'Sui 2.0' upgrade.
Are you holding or following any trends on Sui?
#SuiNetwork #SUI #DeFi #GameFi #Layer1 #Crypto #Blockchain #OnChainAnalytics
