tl;dr
Sui Network (SUI) is rapidly growing as a leading Layer 1 blockchain in 2025, marked by record decentralized exchange (DEX) volume, rising Total Value Locked (TVL), strong institutional interest, and infrastructure advancements. In Q2 2025, daily DEX volume increased 20.8% to $367.9 million, TVL gre...
Sui Network (SUI) is rapidly establishing itself as one of the fastest-growing blockchain ecosystems in 2025, setting a distinctive course among Layer 1 blockchains. The ecosystem’s growth is underpinned by record-breaking decentralized exchange (DEX) volume, significant increases in Total Value Locked (TVL), robust institutional interest, and notable advancements in infrastructure, all pointing to sustainable development potential.
In the second quarter of 2025, Sui Network achieved several important milestones. The daily average DEX trading volume surged to $367.9 million, a 20.8% increase from the previous quarter, with Cetus and Bluefin contributing the lion’s share at $170.7 million and $78.5 million daily, respectively. TVL grew impressively by 44.3%, reaching $1.76 billion, while in SUI tokens, the TVL climbed 17.7%, indicating that the growth was driven by actual asset utilization rather than just token price appreciation.
Institutional engagement accelerated significantly during this period. Grayscale launched DeepBook and Walrus Trusts to increase exposure to Sui’s core protocol assets, while 21Shares filed for a spot SUI ETF in the United States. Fireblocks’ integration of Sui expanded access for financial institutions, creating new pathways into the on-chain market.
The infrastructure around Sui also expanded swiftly. Mysten Labs introduced “Seal,” a decentralized secret management solution in testnet, enhancing Web3 app data security. Stablecoin adoption gained traction with major exchanges like MEXC and Kraken supporting native USDC on the Sui network, facilitating faster and more cost-effective capital flows from centralized finance (CeFi) to decentralized finance (DeFi). Additional partnerships and integrations with Ledger, Axelar, Backpack, Privy, Trust Wallet, and Microsoft Fabric improved Sui’s capabilities in custody, cross-chain interoperability, and enterprise data usage.
Market performance reflected this momentum, with SUI’s circulating market capitalization climbing 31.3% to $12.34 billion, outpacing the broader cryptocurrency market’s 23.5% growth. Despite this strong performance, the SUI price remained 34% below its all-time high, trading at $3.51 with a modest 1% increase in the 24 hours before the report.