The total value locked (TVL) of Sui Network exceeds $2.1 billion, driven by stablecoin inflows and integration with Microsoft.
Strong institutional interest follows Sui's partnership with Microsoft, allowing developers to access blockchain data through Microsoft Fabric.
The weekly DEX volume and user activity are at new highs, indicating growing market confidence and liquidity in the Sui ecosystem.
Sui Network (SUI) has reached a new milestone, with its total value locked (TVL) rising to new highs of over $2.1 billion.
This explosive growth is due to strong stablecoin inflows and elevated market momentum driven by its recent partnership with tech giant Microsoft.
DefiLlama data shows that the TVL of Sui was at $2.107 billion at the time of writing. It has increased by more than 104% since its annual lows of $1.031 billion recorded in March, with the growth indicating a growing user participation, market confidence, protocol growth, and liquidity.
Similarly, Artemis data shows that on Tuesday, Sui Network led all blockchains in stablecoin inflows over the last 24 hours. Specifically, the total supply of stablecoins on the network surpassed the $1 billion mark.
This integration allows Microsoft's vast ecosystem of developers to access the complete history of the Sui blockchain in real time. The move paves the way for a new wave of institutional-grade blockchain applications.
Market technical signals also reflect bullish fundamentals. According to Rose Premium Signals, SUI's price action remains strong despite a current pullback.