Sui Network Surges 1.92% as Microsoft Partnership Drives TVL to $2.1 Billion

Sui's latest price was $3.94, up 1.92% in the last 24 hours. This surge in price is indicative of the growing interest and confidence in the Sui Network, which has seen significant developments recently. The total value locked (TVL) in the Sui Network has surged to over $2.1 billion, marking a 104% increase since its yearly lows recorded in March. This growth is driven by strong stablecoin inflows and heightened market momentum, fueled by its recent partnership with tech giant Microsoft.

Data from Artemis shows that on Tuesday, the Sui Network led all blockchains in stablecoin inflows over the past 24 hours, with the total stablecoin supply on the network exceeding the $1 billion mark. Adeniyi Abiodun, Mysten Labs co-founder and CPO, highlighted this achievement, stating that Sui Network tops the charts with $148 million net stablecoin inflows in the past 24 hours. Mysten Labs, the creator of the Sui blockchain, focuses on high throughput and low latency, making it a Layer 1 platform.

The volume of weekly decentralized exchange (DEX) activity on the Sui Network has also reached new highs, indicating a sharp uptick in user activity and liquidity across the Sui ecosystem. This broader narrative of enterprise adoption underpins the bullish market structure for Sui. During Microsoft’s Build conference, Sui was named one of the first blockchains to integrate with Microsoft Fabric via data indexing platform Space and Time. This integration enables Microsoft’s vast developer ecosystem to access Sui’s full-chain history in real-time, paving the way for a new wave of institutional-grade blockchain applications.

Space and Time emphasized the significance of this integration, stating that Microsoft developers will be able to access Space and Time indexed data from Bitcoin, Sui Network, and Ethereum through Fabric. Mysten Labs executive Adeniyi Abiodun projected the long-term vision for the Sui blockchain, predicting that by 2030, in-game ownership will be a standard feature in major games, with Sui Network serving as the backbone for this transformation. This vision aligns with the growing trend of blockchain integration in various industries, further solidifying Sui's position as a leading player in the market.

Technical market signals also reflect the bullish fundamentals for Sui. According to Rose Premium Signals, SUI’s price action remains strong despite a current pullback. They noted that Sui is holding its Inverse Head & Shoulders breakout. After breaking the neckline around $3.65–$3.75, the price pushed up to $3.94 and is now pulling back, retesting the breakout zone. Targets remain: 1st Target: $4.76, 2nd Target: $5.67. Holding above $3.65–$3.70 confirms strength. Investor interest in Sui continues to grow, with notable figures such as macro investor Raoul Pal stating that over 70% of his portfolio is currently allocated to Sui. With surging TVL, institutional-grade partnerships, and accelerating developer adoption, Sui appears well-positioned for continued expansion.