SUI News Today: Sui's TVL Surges to $2.46B on Stablecoin Boom and Tech Giants' Backing

The Sui blockchain's Total Value Locked (TVL) has surged to an all-time high of $2.46 billion, reflecting a 5.8% increase in 24 hours and marking one of its strongest recoveries since mid-2025. This growth is driven by robust stablecoin adoption, with stablecoin capitalization on the network reaching $732 million, and high decentralized exchange (DEX) activity, which hit $752 million in 24-hour trading volume. The TVL increase follows strategic partnerships with Google's Agentic Payments Protocol and Alibaba Cloud, which have enhanced the network's scalability and developer ecosystem.

The surge in TVL aligns with rising confidence in the SUI token, which has seen a 15.32% weekly gain, trading at approximately $3.5857. Analysts highlight key technical levels: resistance stacked at $3.8–$4.1 and firm support near $3.2–$3.4. A breakout above $4.34 could trigger a rally toward $5.50 and potentially $8.00, according to multiple analysts. This optimism is supported by strong on-chain metrics, including daily app revenue exceeding $150,000 and fresh capital inflows of $13.7 million in the last 24 hours.

The network's growth is further bolstered by real-world applications, such as Mojito Loyalty, a gamified platform built on Sui that enhances user engagement in Web3 commerce. Lending protocols like Navi have also contributed, with TVL growing 78.86% in the past month. Institutional interest is evident, as Sui's partnership with Google positions it for microtransactions in AI-driven ecosystems, while the launch of the suiUSDe stablecoin-backed by multiple digital assets-adds liquidity.

Price predictions vary but share a bullish consensus. Analyst Dan Gambardello targets $10–$11, citing an ascending triangle pattern and historical precedents for macro breakouts. Others, like Lennart Snyder, anticipate a $4.34 breakout leading to $8.00, while FOUR Crypto Spaces projects a $5.50 target. These forecasts are underpinned by Sui's competitive advantages, including zero chain fees, rapid settlement times, and growing developer adoption.

Despite the positive momentum, risks remain. A failure to surpass $3.8–$4.1 resistance could trigger pullbacks, capping short-term gains. However, the network's TVL growth, strategic partnerships, and expanding utility in DeFi and real-world applications suggest sustained demand. As Sui continues to attract institutional and retail participants, the ecosystem's ability to maintain this momentum will be critical to unlocking further price appreciation.

Source: [1] MEXC (https://www.mexc.com/en-GB/news/sui-network-hits-new-record-with-tvl-surging-to-2-4-billion/118009) [2] MoneyCheck (https://moneycheck.com/sui-network-tvl-rebounds-above-2-4b-as-liquidity-zones-take-shape/) [4] BeInCrypto (https://beincrypto.com/sui-tvl-surges-past-2-billion/) [5] FXStreet (https://www.fxstreet.com/cryptocurrencies/news/sui-price-forecast-sui-rebounds-amid-record-high-tvl-suiusde-announcement-202510021146) [11] The Market Periodical (https://themarketperiodical.com/2025/10/06/sui-price-eyes-rally-to-8-mark-amid-272-day-compression/) [13] The Coin Republic (https://www.thecoinrepublic.com/2025/09/17/sui-price-eyes-macro-breakout-as-analyst-predicts-rally-to-11/)