Sui Network's Market Cap Surges, Outpacing BNB Chain in Daily Active Addresses
1min read Sui's latest price was $3.35, down 0.042% in the last 24 hours. Sui Network has demonstrated a remarkable recovery in May, positioning itself among the top 10 altcoins by market capitalization, excluding stablecoins. Despite its relatively modest market cap compared to other Layer 1 networks, Sui has shown unique user appeal. On-chain data from Artemis reveals that since the beginning of the year, Sui Network has recorded over 1 million new wallet addresses daily. These new wallets account for more than 80% of the total daily active addresses. The number of new addresses on Sui began to rise sharply in mid-February, with daily active addresses consistently staying above 1.5 million per day. For comparison, BNB Chain has an average of around 1 million daily active addresses, yet its market cap is seven times higher than Sui’s.
Sui’s growth extends beyond wallet creation. Data from DefiLlama indicates that daily trading volume on Sui’s decentralized exchanges (DEXs) has consistently surpassed $400 million throughout 2025. Additionally, the market cap of stablecoins on Sui has doubled since the start of the year, now exceeding $900 million — the highest level in the network’s history. These figures reflect a significant rise in user demand within the Sui ecosystem. A recent report from BeInCrypto even revealed that institutional investment flows into Sui have surpassed those of Solana.
The positive news about Sui isn’t limited to on-chain metrics. It also comes from strategic partnerships. In early May, 21Shares — one of the world’s leading crypto exchange-traded product providers — announced a partnership with Sui Network to expand the ecosystem’s global reach. Federico Brokate, Head of US Business at 21Shares, expressed confidence in Sui’s potential, stating, “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.”
Ask Aime: What's driving Sui Network's growth and why is it attracting institutional investors?
