Sui's Value Drops 70% Amid Market Correction, DEX Volume Surges

Sui, a fast-growing layer-1 blockchain, has experienced a significant market correction in recent months. The network, which had enjoyed considerable growth, has seen a downturn due to broader market sentiment and decreased investor enthusiasm. Despite this, the Sui team continues to push forward with ecosystem development and community engagement, focusing on the project's unique infrastructure and long-term potential.

The fall in Sui's value has been linked to a combination of factors, including profit-taking after its rapid price surge and a general market-wide downturn. However, the project's ecosystem continues to grow, with the recent launch of Walrus, an app that makes data ownership programmable, underlining Sui's credentials. This development, along with the network's strong fundamentals, positions Sui well for a potential recovery once market conditions improve.

Sui's decentralized exchange (DEX) ecosystem has shown strong performance, with protocols processing over $1.95 billion in volume, a 70% increase from the previous week. This surge pushed Sui to the seventh-largest DEX network by weekly volume, marking its best ranking in 2025. Notable performers included Cetus, Bluefin, DeepBook, Haedal, and Turbos, each showing significant increases in weekly volume. Additionally, Sui's total value locked has held steady at $1.26 billion, ranking it as the ninth-largest blockchain by TVL. Bridged assets on the network are valued at $1.77 billion, while the total stablecoin market cap sits at $721 million.

The technical analysis of Sui's price chart reveals a sharp downtrend since reaching its all-time high in January. The token bottomed at $1.9690 in March, reflecting the broader market volatility and regulatory uncertainties. Despite this downturn, the project's strong fundamentals and ongoing ecosystem development suggest that Sui is well-positioned for a potential rebound once market conditions become more favorable. The network's focus on utility and community engagement, along with its unique infrastructure, continues to attract long-term supporters who believe in the project's potential for growth.