Sui's DEX Volume Surpasses Avalanche Polygon Optimism TON

Sui, a blockchain network, has made significant strides in the decentralized finance (DeFi) market, achieving a remarkable $48.4 billion in decentralized exchange (DEX) volume by May 2025. This figure surpasses that of several major blockchains, including Avalanche, Polygon, Optimism, and TON. The Avalanche C-Chain reported around $20 to $25 billion in trade volumes, while Polygon's PoS chain had approximately $15 billion in DEX trading volume. Optimism reflected roughly $12 billion in investments, and TON saw low volumes of approximately $2 billion. This performance highlights Sui's growing appeal to both liquidity providers and active traders, with daily DEX volumes often exceeding $400 million.

The rapid growth of Sui's DEX volume indicates a shift in market focus from leading Layer 1 and Layer 2 blockchains. The network's success can be attributed to several factors, including low transaction fees, fast confirmations, and a growing number of decentralized applications (dApps) launched on the platform. These features have attracted more users, leading to increased trading activity and liquidity. The high level of DEX trading volumes on Sui suggests that the network is becoming an established marketplace for trading, with a fast-growing liquidity pool.

Sui's rise has broader implications for the DeFi market. The network's growth could prompt investors and project teams to pay less attention to older blockchains, fostering new ideas in both Layer 1 and Layer 2 technology. Existing chains may need to improve their services to regain their leadership position. Long-term trading activity on Sui could also attract institutional traders and new digital currency projects looking for an active trading market. The network's success underscores the potential for new protocols to disrupt the DeFi landscape and drive innovation in the industry.