Sui Network Surges 12.303% as Institutional Investors Fuel Growth

Sui's latest price was $3.34, up 12.303% in the last 24 hours. The Sui network has attracted significant investment from institutional investors seeking to capitalize on its growing popularity. The network has experienced explosive growth in the past few months, catalyzed by rising demand from institutional investors. These investments highlight the growing confidence in the Sui network's potential and its ability to offer secure, efficient, and scalable financial services.

Earlier on Thursday, the Sui Network announced the launch of the Sui Mastercard, in collaboration with the xPortal crypto wallet. This partnership allows users to spend SUI with a Sui-branded virtual Mastercard, which can be added to Apple Pay and Google Pay for everyday crypto asset spending. The xPortal wallet, with 2.5 million users, has integrated Sui into its platform, offering functions such as buying, selling, exchanging, staking, and payments. xMoney provides a compliant payment infrastructure for this initiative. Sui plans to release a physical card in the future and expand to the U.S. market. This development is a significant step towards mainstream adoption of cryptocurrencies, making it easier for users to integrate digital assets into their daily financial activities.

On April 24, 2025, the SUI network made headlines because of an outstanding surge of decentralized finance (DeFi) activity in the crypto market. The Layer-1 blockchain's decentralized exchange (DEX) trading volume has risen by 38.51% over the past week, reaching a high of $2.77 billion. There is rapid growth in the SUI blockchain, which has resulted in it getting positioned as one of the top-performing networks. SUI DeFi Total Value Locked (TVL) also has increased by 9.64%, reaching a value of $1.595 billion. These metrics and insights show the growing users’ confidence along with increasing developers’ interest in the protocol’s capability to offer secure, efficient, and scalable financial services. This consistent rise in TVL signals that more capital is being locked into smart contracts, which further strengthens the network economic foundation.

Another huge development in the Sui network that has contributed to the SUI’s growth is its stablecoin ecosystem. The total marked capitalization of stablecoin on the network has hiked by 7.81% over the past week to reach $865.2 million. USD Coin (USDC) remains the dominant stablecoin on SUI, accounting for over 71% of the total stablecoin supply. This dominance indicates that increasing institutional preference for USDC reliability, transparency, and compliance. A strong stablecoin presence enhances DeFi usability and allows users to trade, stake, and lend with minimized exposure to market volatility.

SUI blockchain is unique because it is efficient and developer-friendly, and the protocol supports a wide array of DeFi applications that include automated market makers (AMMs), lending protocols, and synthetic asset platforms. This flexibility of the Sui network has attracted several DeFi projects that benefit from SUI’s low latency and high throughput. Combined with a growing community and increasing liquidity, the network seems to be establishing itself as a major player in the layer-1 blockchain space. SUI’s explosive rise in the DEX volume and its growing TVL, along with SUI price appreciation, reflect more than just a temporary hype and good performance. With the increased real-world utility and credibility in the DeFi space, more positive outcomes might come. As SUI blockchain continues to deliver on both fronts, its native token SUI could see continued interest and potential upward momentum. Now, whether SUI price hike more or maintains its current price will depend on its ability to sustain this engagement and increase it further in the crypto world. But the foundation does seem stronger than it ever has been.