Sui’s Total Value Locked (TVL) skyrocketed dramatically from roughly $25 million at its launch on May 2023. By May 2025, it grew to a mighty $1.7 billion. This remarkable rise further highlights the surging optimism and engagement in the Sui ecosystem. At this point, Sui has a marketcap of $9.4 billion and FDV of $27.7 billion.
Developer Growth and Innovation
Further driving Sui’s success has been its strategic focus on building its developer ecosystem. The network enjoyed a huge surge in the total number of developers creating on its platform. This increase can be significantly credited to Sui’s new Move programming language that provides developers with high security and efficiency.
Sui funds research that challenges the limits of Sui and Web3 technology through non-dilutive, fixed $25,000 USD grants. These grants fund initiatives and projects that benefit the open-source Sui ecosystem, as well as creation of innovative applications that utilize Sui blockchain technology. Sui has taken an open and creative approach to fostering collaboration, building a creative community. It provides thrilling carrots such as Request for Proposals (RFPs) and hackathons.
Sui’s dedication to creating a diverse, adaptable developer ecosystem makes it a compelling platform for innovation. With significant resources and expertise at their disposal, Sui empowers developers to push the boundaries of what’s possible and play a vital role in the network’s expansion. This focused strategy has led to a wide swath of purposes and projects being developed on Sui.
Market Strength and Institutional Interest
Sui's native token, SUI, has demonstrated remarkable market strength, reflecting the network's growing adoption and utility. At the same time, the network’s stablecoin market cap has doubled since early 2025, exceeding $1.1 billion. This growth is a testament to the increasing need for stablecoins in the Sui ecosystem, enabling more seamless transactions and overall financial stability.
Sui’s stablecoin volume is through the roof! It went up from a $400 million cap in January to just under $1.2 billion in May 2025. Monthly transfers now top $70 billion each month, which underscores the huge capacity the network has to process numerous transactions. Sui’s cumulative DEX volume has exploded over $110 billion. It’s a lot—averaging more than $250 million a day, with even bigger spikes topping more than $800 million.
In recent weeks, Sui has made serious institutional waves, highlighted by Canary Capital’s filing for SEC approval for a $SUI ETF. The increasing presence of Bitcoin-pegged assets (wBTC, LBTC, stBTC) on Sui, now constituting approximately 10% of locked value, diversifies assets and broadens investor appeal beyond speculation. These strategic moves are a clear sign of increasing faith in Sui’s long-term promise and its capacity to pull in institutional capital.
Community Engagement and Global Expansion
Sui is the third-largest non-EVM chain by TVL and the 8th largest blockchain overall, surpassing established competitors like Aptos, Cardano, and Polygon. This accomplishment is a testament to Sui’s positioning as a formidable contender within the highly competitive blockchain space. Sui has held numerous events across Southeast Asia—we’ve seen a lot of activity in Vietnam—to bring in and onboard local users and developers.
These events are just a glimpse into Sui’s dedication to establishing a global, vibrant developer and user community. With an emphasis on community development and international growth, Sui seeks to build a vibrant and inclusive ecosystem. This process not only builds the network’s collective power, it encourages out-of-the-box thinking and deeper partnerships between members of the network.
Sui’s continuing success in attracting builders, institutions, and users is a testament to its strategic vision and execution thus far. The network's focus on innovation, community engagement, and global expansion has positioned it for continued growth and success in the Web3 space. As a result, Sui is committed to building a diverse ecosystem. It’s this sort of commitment that helps the platform remain competitive and attractive to developers, as well as to users.
