Sui Network's ETF filing and 9.6% staking APR drive ecosystem growth and institutional adoption

Sui Network has announced a series of strategic moves aimed at expanding its ecosystem and enhancing institutional access. Canary Capital recently filed a proposal for a spot SUI exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), marking a significant step toward mainstream adoption. This initiative aligns with a partnership between Sui and 21Shares to facilitate global access to the token, while World Liberty Financial (WLFI) added SUI to its crypto reserves, further cementing its role in decentralized finance (DeFi) infrastructure [1].

Retail investors gained new exposure options through Bithumb’s SUI staking vault, which offers a 9.6% annual percentage rate (APR) with institutional-grade custody and daily rewards. The platform, accessible to over two million verified Korean users, simplifies yield generation by eliminating complex setup requirements [3]. Meanwhile, Mysten Labs introduced a composable Move Software Development Kit (SDK), enabling developers to deploy cross-chain applications, issue non-fungible tokens (NFTs), and build DeFi strategies with modular storage tools. The update is expected to reduce integration costs and accelerate application deployment [4].

The network’s ecosystem continues to grow, with over 50 million accounts and 100 decentralized applications (dApps) active by early 2025. Total value locked (TVL) fluctuated between $1.8 and $2.1 billion, while daily decentralized exchange (DEX) trading volume ranged from $400 million to $800 million. Scallop, a DeFi lending protocol, secured $130 million in TVL, highlighting Sui’s appeal to both developers and users [5]. However, the network faced challenges, including a $29 million loss from a security exploit in mid-2025. Sui subsequently partnered with Blockaid to strengthen its security framework and integrated zero-knowledge (zk) Login and WebAuthn passkey support to improve user authentication [6].

Token unlock events in late 2024 and mid-2025, releasing $50 million and $265 million worth of SUI, introduced short-term price volatility. Despite this, whale accumulation suggests sustained interest. Binance’s launch of SUI/USDC and SUI/FDUSD perpetual futures pairs, coupled with 30-day maker fee reductions, is expected to boost derivatives volume and liquidity [2].

Looking ahead, Sui Network initiated a private beta with a European telecom operator to explore blockchain’s role in IoT infrastructure. The pilot will use on-chain data signatures to track energy-efficient sensors, potentially establishing a precedent for telecom firms to adopt smart contracts in hardware integration [7].

As of the latest report, SUI is trading at $3.77, a 3.39% increase, with a market capitalization of $13.05 billion. The token’s circulating supply of 3.45 billion SUI represents 34.5% of its maximum supply of 10 billion, indicating room for future supply events. Technical analysis suggests potential price targets above $3.80, with support levels at $3.52 and $3.31 [8].

Source: [1] [Sui ETF Filing and Institutional Partnerships] https://coinmarketcap.com/community/articles/68810cd782064c4d9c12fd4c/

[2] [Binance Futures Launch] https://coinmarketcap.com/community/articles/68810cd782064c4d9c12fd4c/

[3] [Bithumb Staking Vault] https://coinmarketcap.com/community/articles/68810cd782064c4d9c12fd4c/

[4] [Mysten Labs SDK Release] https://coinmarketcap.com/community/articles/68810cd782064c4d9c12fd4c/

[5] [Ecosystem Growth Metrics] https://coinmarketcap.com/community/articles/68810cd782064c4d9c12fd4c/

[6] [Security Enhancements] https://coinmarketcap.com/community/articles/68810cd782064c4d9c12fd4c/

[7] [IoT Trial Expansion] https://coinmarketcap.com/community/articles/68810cd782064c4d9c12fd4c/

[8] [SUI Price and Technical Analysis] https://coinmarketcap.com/community/articles/68810cd782064c4d9c12fd4c/