The development of the blockchain industry is often driven by the rise of key ecosystems, and Sui is rapidly becoming one of the most promising public chains in this cycle. From market capitalization and on-chain data to infrastructure support, Sui's performance has already surpassed many established competitors, even attracting heavyweight players long entrenched in the Solana ecosystem — Backpack and Phantom's full commitment, with the latest news indicating that over $200,000 in rewards will be distributed through Sui and Backpack's activities. Meanwhile, Binance Alpha's comprehensive support for Sui ecosystem assets further consolidates its position in mainstream trading platforms. This series of actions not only marks the widespread recognition of Sui's technological strength but also indicates that its explosive ecological growth has entered an accelerated phase.
Sui's On-Chain Data: A High-Growth Trajectory Beyond Expectations
Sui's on-chain performance is enough to prompt the market to reassess its positioning. As of recent data, Sui's market capitalization has entered the top ten in cryptocurrencies (excluding stablecoins), surpassing mature projects like Avalanche (AVAX), Toncoin (TON), and Chainlink (LINK). This achievement is backed by Sui's strong performance across multiple key metrics:
- Total locked value (TVL) exceeded $2.13 billion, ranking 8th among all blockchains, surpassing Avalanche, and firmly holding third place among non-EVM chains, only behind Bitcoin and Solana. This data indicates that Sui's DeFi ecosystem is attracting a large amount of capital, and users are confident in its long-term value.
- The supply of stablecoins is close to $900 million, setting a historical high. The scale of stablecoins is often an important indicator of the practicality of public chains and the activity level of financial activities, and Sui's rapid growth in this area shows that it has become an indispensable settlement layer in the multi-chain ecosystem.
- DEX trading volume approached $13 billion within 30 days, ranking sixth across all chains. This data not only reflects the strong trading demand on Sui but also highlights its potential as an efficient trading network, especially in terms of high throughput and low latency technological advantages.
These data points together depict a rapidly expanding ecosystem, and the recent addition of Backpack and Phantom injects more robust infrastructure support into this growth.
Comprehensive Integration of Backpack: Strategic Leap from Solana to Sui
Backpack was once one of the most influential infrastructures in the Solana ecosystem, renowned for its efficient and secure user experience in exchange and wallet products. Now, Backpack has announced the complete integration of Sui into its exchange and wallet systems, which is a milestone cooperation. The latest news indicates that over $200,000 in rewards will be distributed through Sui and Backpack's activities, and users are reminded to pay close attention to the official announcements from both parties to avoid missing out.
First, the launch of the Backpack exchange enables Sui ecosystem projects to directly reach a broader trader community. Users can now seamlessly trade native assets on Sui through Backpack, including upcoming new tokens like $WAL, $DEEP, and $CETUS. Backpack has also distributed over $200,000 in rewards through incentive activities, further promoting user participation in Sui's ecosystem. This deep collaboration not only enhances the liquidity of Sui assets but also expands Backpack's multi-chain strategy.
Secondly, the integration of Backpack wallet allows users to manage Sui assets more conveniently, including exchange, cross-chain bridging, and exploring leading DeFi protocols like Suilend and Navi Protocol. Backpack's full support for Sui, to some extent, reflects the market's recognition of Sui's technical architecture — its efficient smart contract execution capability based on the Move language and unique object storage model are attracting more and more developers and users to migrate.
Phantom Opens to Sui: A New Entry for 15 Million Users
If the integration of Backpack is a strategic-level collaboration, then Phantom's comprehensive support for Sui signifies broader user coverage. As one of the largest wallets in the cryptocurrency space, Phantom has previously been a core entry point to the Solana ecosystem, boasting over 15 million active users. Now, Sui has officially concluded its testing phase on Phantom and is open to all users, while also launching cross-chain exchange functionality, allowing users to seamlessly transfer assets between SOL, ETH, and SUI.
The significance of this initiative lies in the fact that Phantom's large user base can now access the Sui ecosystem with zero barriers, whether participating in DeFi, NFTs, or emerging on-chain applications. The launch of cross-chain exchange functionality further reduces operational friction for multi-chain users, making Sui an important component in the asset allocation of Phantom users. Historically, the integration of top wallets has often significantly boosted the adoption rate of public chains, and Phantom's involvement undoubtedly paves a fast lane for Sui's next phase of growth.
Support from Binance Alpha: Sui Assets Enter Mainstream Trading Vision
In addition to support from wallets and exchanges, Binance Alpha's full launch of Sui ecosystem assets further enhances its market exposure. As an innovative asset trading segment under Binance, Binance Alpha focuses on discovering early high-potential projects, and the inclusion of Sui ecosystem tokens indicates that it has entered the strategic vision of mainstream trading platforms.
According to the announcement, Binance Alpha now supports limit order trading on the SUI chain and plans to offer exclusive airdrops for active users. This move not only provides a broader liquidity pool for Sui projects but also gives Binance users an early opportunity to engage with the Sui ecosystem. Historical cases show that Binance Alpha's support can significantly enhance the trading activity of related assets, and Sui, as one of its key focus public chains, is likely to see more ecological assets launched in the future.
Sui's Competitive Advantage: Why Top Infrastructures Choose to Bet?
The simultaneous efforts of Backpack, Phantom, and Binance Alpha are no coincidence. Sui's technical architecture and ecological development strategy have given it a unique competitive advantage:
1. High Performance and Scalability: Sui uses a DAG (Directed Acyclic Graph)-based consensus mechanism that can process transactions in parallel, significantly enhancing throughput and reducing latency. This feature makes it particularly outstanding in high-frequency trading scenarios (such as DeFi and gaming).
2. Security of the Move Language: Sui's smart contracts are developed based on the Move language, which is designed for asset security and can fundamentally avoid common vulnerabilities such as reentrancy attacks, providing higher security assurance for developers and users.
3. Object Model and Storage Optimization: Sui's innovative object storage model allows for more flexible data management, reducing the problem of state explosion while lowering on-chain operation Gas costs.
These technical advantages, combined with an increasingly robust developer community, make Sui one of the few emerging public chains capable of attracting retail, institutional, and infrastructure providers simultaneously.
Sui's New Role in the Multi-Chain Era
From the explosion of on-chain data to the full support of Backpack, Phantom, and Binance Alpha, Sui's rise is no longer just a single public chain growth story but an important part of the multi-chain ecological evolution. Its technological strength and ecological strategy are attracting more and more top partners, while the continuous inflow of users and capital further consolidates its position as the next-generation high-performance blockchain. With the integration of more leading projects and the unfolding of ecological activities, Sui's next phase of development is worth looking forward to.