Sui's 35.24% Account Surge Drives 89.88% DEX Volume Growth

Sui's latest price was $3.80, down 0.498% in the last 24 hours. The cryptocurrency has been making significant strides in the cryptocurrency landscape, particularly in key growth metrics for 2025. The network has seen a remarkable surge in accounts, with a 35.24% increase in just 30 days, bringing the total to 190 million accounts. This growth is accompanied by a rapidly expanding DeFi ecosystem, where the total value locked has risen from $1 billion to over $2 billion. Sui now ranks as the third-largest blockchain by daily active addresses, with nearly 2.5 million users, indicating a strong user base and active community.

Support for the Sui ecosystem is growing, with major exchanges and platforms integrating Sui trading and ecosystem access. Binance has added Sui to its Alpha program, introducing airdrops for active traders. Backpack Exchange has also integrated Sui trading, allowing users to bridge, swap, and explore protocols like Sui Lend and Navi Protocol. Additionally, Sui has partnered with 21Shares to develop product collaborations and research, which may lead to a Sui exchange-traded fund (ETF). The team describes Sui as a high-throughput, scalable chain suited for real-world assets, stablecoins, and DeFi.

Sui's decentralized exchange (DEX) activity has experienced significant growth, with total volume reaching $90.79 billion as of the 15th of May. This marked an 89.88% year-to-date increase in DEX trading volume. Cetus Protocol alone accounted for 58.83% of the total, positioning it as the dominant player in the ecosystem. This uptick reflected intensified on-chain participation, particularly on native platforms. Social dominance for Sui has climbed to 1.24%, while Weighted Sentiment has risen to 2.30, according to Santiment data. These spikes suggest increasing interest and discussion surrounding Sui across social channels. Historically, such moves often precede or accompany speculative rallies, especially when aligned with network activity growth.

Despite the price swings, Funding Rates remain muted. At the time of writing, the aggregated Funding Rate stood at 0.01%. This flat structure reflected a balanced market, with no extreme bullish or bearish bias among leveraged traders. Such neutral rates reduce the likelihood of sudden reversals triggered by over-leveraged positions. Sui was trading inside a clear ascending channel at press time, with support near $3.53 and resistance around $4.58. The price recently touched $3.72, hovering near the middle of the channel. The 9 EMA sat at $3.95, while the 21 EMA tracked slightly higher at $3.98. Meanwhile, MACD lines showed weakening momentum, with the signal line at -0.0267 and MACD at -0.0385. While the structure remained intact, bulls must defend the mid-zone to maintain trend continuation.

Sui's rising DEX usage, elevated social sentiment, and short-side liquidation potential create favorable conditions for bullish continuation. However, weakening derivatives activity and flat Funding Rates highlight a cautious mood among traders. Whether Sui breaks above $3.90 and reclaims upper channel levels will depend on renewed demand and sustained ecosystem engagement.