Sui Network Surges Past 1 Million Daily Wallets as Ecosystem Growth Accelerates
The Sui Network (SUI) is experiencing a rapid resurgence in 2025, firmly placing itself among the top 10 altcoins by market capitalization (excluding stablecoins). Despite a comparatively smaller market cap than some of its Tier-1 peers, Sui is showing signs of accelerated adoption, unique user engagement, and growing institutional interest.
Over 1 Million Wallets Created Daily
According to data from blockchain analytics platform Artemis, Sui has been registering over 1 million new wallet addresses each day since the beginning of the year. These wallets represent more than 80% of the network’s daily active addresses, signaling robust user onboarding.
The activity surge began in mid-February and has maintained momentum, with total daily active addresses remaining above 1.5 million — a notable figure considering that BNB Chain, with a market cap seven times larger, maintains a similar average.
DeFi Activity and Trading Volumes on the Rise
Sui’s momentum is not limited to wallet creation. On-chain data from DeFiLlama shows daily trading volume on Sui’s decentralized exchanges (DEXs) consistently exceeding $400 million throughout 2025. The network’s stablecoin market cap has also doubled year-to-date, now surpassing $900 million — the highest in its history.
This trend reflects sustained user interest and increasing liquidity in the Sui ecosystem, suggesting that users are not only joining the network but are actively participating in DeFi and other on-chain activities.
Institutional Support Grows Stronger
In another significant development, Sui Network has secured a partnership with 21Shares, a leading global provider of crypto exchange-traded products. The collaboration is designed to expand Sui’s presence and accessibility in global markets.
“We believe Sui has the technical underpinnings, DeFi and developer ecosystems, and institutional alignment to play a central role in crypto for a long time,” Federico Brokate, Head of US Business at 21Shares, said.
Price Outlook and Market Sentiment
Market sentiment around SUI remains optimistic. After hitting a low of $1.73 in April, the token has rebounded sharply and is now trading around $3.25 — a nearly 90% recovery. Analysts suggest that, with continued momentum and if technical indicators align, SUI could climb toward the $5 mark in the coming months.
A BeInCrypto report also notes that institutional inflows into SUI have, at times, outpaced those into Solana — a signal that larger players are paying close attention to Sui’s trajectory.