In 2025, a 'rebirth counterattack' drama is unfolding in the crypto market—starring the Sui network.
From the hacker attack in May and the TVL plummet, to the current market cap soaring to $14.7 billion, TVL hitting a new high, code activity returning to its peak, and trading volume surging, SUI has proven with solid data: the black swan is not the endpoint, but rather the starting point towards mainstream narrative.
💥 SUI price has shown strong four consecutive days of gains, market cap ranks 11th globally
On July 28, the SUI price briefly broke $4.44, setting a new high since early 2024, with a monthly increase of 53%. It has risen for four consecutive days since July 24, with the weekly chart also showing four consecutive gains.
Current market cap: $14.7 billion, ranked 11th globally among crypto asset market caps
FDV has reached: $43.048 billion, making it one of the most noteworthy Layer 1 assets
🧨 After the hacker attack, the ecosystem rebounds: TVL reaches an all-time high, DEX trading surges
In May 2025, the largest DEX protocol in the Sui ecosystem, Cetus, was attacked, resulting in losses of up to $223 million, causing market panic.
But in just two months, Sui has delivered results with data:
📈TVL soared from a low of $1.538 billion to $2.296 billion, reaching an all-time high
💱In the past 24 hours, DEX trading volume reached $550 million, with Cetus accounting for $225 million
💸 USDT's net inflow in a single day increased by 21%, stablecoin market cap approaching $1 billion
This means that capital inflow + increased trading activity + community rebuilding trust have enabled Sui to shake off the shadow of hackers and enter an accelerated growth phase.
💼 Nasdaq-listed company takes action! Lion holds over a million SUI
Web3 is no longer an inside game, SUI is becoming the new darling of traditional capital.
Nasdaq-listed company Lion Group (LGHL) announced the purchase of 1,015,680 SUI, currently valued at approximately $4.31 million
As early as June, the company had already purchased emerging assets such as SOL, HYPE, and SUI
US-listed company Everything Blockchain is also preparing to increase its holdings of SUI
Although Lion itself is a micro-cap company, the symbolic significance of this kind of operation is very strong: SUI is becoming one of the assets allocated by traditional financial institutions.
📊 Code submissions are active, ecosystem transparency is improving, and developer influx is noticeable
Terminal data shows that the number of code submissions in the Sui ecosystem quickly rebounded to a high after a brief decline in May, indicating that developers' confidence in Sui has not diminished, but rather has been spurred by the crisis to push ecosystem governance towards more open-source and transparency.
The Cetus team also announced that they will gradually open up the protocol code to reduce centralization risks, responding to previous community concerns regarding the asset freezing mechanism.
🏛 SUI spot ETF under review, with a 60% approval probability releasing long-term benefits
In March 2025, Canary Capital submitted to the SECSUI spot ETF application
The SEC review process has begun, with a maximum review period of 240 days
The SUI ETF submitted by 21Shares has also entered the process
According to Bloomberg ETF analyst Eric Balchunas, the probability of SUI ETF approval is expected to reach 60%. If it opens up inflows like Bitcoin and Ethereum ETFs, it will have a huge positive impact on market confidence.
Notably, VanEck expects SUI to eventually capture 5.5% of the L1 market share, with a market cap reaching $61 billion, and the price per unit could reach $16.
📣 KOLs are collectively calling it, could SUI ignite a new cycle in the altcoin bull market?
In terms of market sentiment, several KOLs have voiced their support:
"SUI should aim for new highs"—Twitter KOL
Currently, as we stand on the eve of a new round of altcoin bull market explosion, SUI is expected to continue leading the new cycle with strong consensus, data recovery, capital support, and ETF expectations, becoming one of the most promising Layer 1 assets in 2025.
✅ Summary: SUI is no longer the 'new public chain that needs an opportunity,' but is now the main character on the crypto stage.
From hacker attacks to ecosystem reshaping, from capital favor to ETF potential, from TVL explosion to four consecutive days of price gains, SUI is mounting a beautiful counterattack, providing confidence to the entire market and writing a strong reversal template for itself.
Next stop, will SUI become the 'next Solana'? Worth your continued attention.
