Sui Network leads stablecoin ecosystem on Layer-1 blockchain
The stablecoin capitalization on SUI is outperforming the total stablecoin capitalization of NEAR, Sei, Berachain, Polkadot, and Cardano combined.
SUI price movement failed to break and sustain above the $3.50 mark.
Sui Network (SUI) has been one of the most prominent cryptocurrencies in the altcoin group since its strong growth in late 2023 and continuing into 2025. While the price increase has slowed down this year, the Sui network has still recorded a breakthrough in on-chain activity.
The reason may come from the fast transaction processing speed, along with the growing DeFi wave, which is competitive enough with Solana as well as other large Layer-1 chains.
Stablecoin market share, revenue and number of accounts on SUI
As of now, SUI has a stablecoin capitalization of $1.13 billion, far surpassing the combined $1.12 billion of its competitors, including Near Protocol ($652.6 million), Sei Network ($213.4 million), Berachain ($144.5 million), Polkadot ($77.3 million), and Cardano ($31.6 million). This reflects SUI's dominant position in stablecoin liquidity among the Layer-1 blockchain group.
Source: Torero Romero/X
Along with the superiority of stablecoin liquidity, the dApp ecosystem on Sui is also accelerating its development. In the last 24 hours, Bluefin leads in revenue with 23,000 USD, followed by Momentum ($19,000), Navi ($14,000), Haedal ($11,000), and Scallop ($10,000). The total revenue of the top 5 dApps reached 77,000 USD, showing the increasing usage of the Sui platform.
The combination of high stablecoin liquidity and surging dApp protocol revenue demonstrates the potential for expansion, as well as the ability to attract new users to the Sui Network ecosystem.
At the same time, the total number of accounts on Sui has been growing steadily from April to June 2025. Specifically, the number of accounts increased from 124.3 million on April 5 to 190.6 million on May 12 and reached 208.8 million on June 14, according to data from Sui Explorer.
This growth momentum, without any significant declines, further strengthens the belief in the sustainability of the expansion and attraction of new users, continuously setting new peaks in the number of addresses on the Sui blockchain.
Can SUI Price Keep Up With On-Chain Growth?
Despite the strong on-chain activity, SUI is still correcting down to the strong demand zone of $2.80 – $3.00 after failing to hold above the $3.50 resistance. The rejection at $4.00 in May further confirmed the short-term downtrend, putting SUI in a “two-track” position.
The MACD histogram remains below zero, and the MACD line is also below the signal line, implying that bearish pressure remains. However, if SUI holds above the $3 support, a recovery to the $3.50 zone remains possible. Conversely, a loss of this level could see the price retest the $2.50 zone.
Source: Trading View
Technically, the daily structure is still maintaining higher lows. However, the sell signals are becoming clearer, making the $2.80 – $3.00 area an extremely important support for the bulls.
The bullish divergence on the MACD could strengthen the possibility of a bounce for SUI. Conversely, if the price continues to be rejected at $3.20 and fails to form a successful MACD divergence, the downtrend could resume. The key factor is that the buying momentum needs to be stronger for SUI to once again attack the $3.50 resistance.
Source: https://tintucbitcoin.com/sui-network-giao-dich-tang-gia-i-ach/
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