Sui's Price Drops 3.84% Amid $1.8B TVL Milestone

Sui's latest price was $2.78, down 3.838% in the last 24 hours. The cryptocurrency has been gaining significant attention due to its recent developments and network growth. The Total Value Locked (TVL) on the Sui network has reached an impressive $1.8 billion, positioning it as the third-largest non-EVM chain. This substantial TVL indicates a high level of user engagement and trust in the Sui ecosystem. The circulating supply of SUI stands at 3.39 billion out of a total 10 billion, showcasing the network's robust infrastructure and potential for future growth.

One of the key drivers of Sui's momentum is the growth of SuiLend, a lending protocol on the network. Over the past month, the TVL of SuiLend has surged by 90%, exceeding $600 million. This rapid expansion highlights the increasing demand for decentralized financial services on the Sui network and supports the overall momentum of the SUI token. The stablecoin supply on the Sui chain has also seen a significant increase, rising from $400 million in January to $1.2 billion, further bolstering the network's financial stability and user confidence.

Wallet integrations have played a crucial role in enhancing user interaction with the Sui network. The support from Phantom and the launch of the Slush wallet have made it easier for users to access and utilize the network's features. These integrations not only improve user experience but also attract new users, contributing to the network's growth and adoption. With both technical indicators and on-chain metrics aligned, Sui is entering a phase of heightened interest and scrutiny from traders and analysts alike.

Sui's ecosystem is thriving, with notable developments that add to its appeal. Walrus, a DePIN (Decentralized Physical Infrastructure Network) protocol built on Sui, has achieved a place in the top 100 and is becoming one of the leading DePIN projects in the space. This protocol combines blockchain technology with real-world devices, demonstrating the practical applications and real-world use cases of the Sui network. The traction gained by Walrus indicates that developers are choosing Sui over other chains, which is a positive sign for the network's long-term strength and sustainability.

The Sui blockchain has demonstrated notable ecosystem expansion throughout 2025, highlighted by significant technological progress and increasing adoption. This growth reflects a period of maturation and broader integration within the blockchain industry. Corporate engagement with the network gained traction as Lion Group Holding Ltd. allocated $5 million towards acquiring SUI tokens for its treasury reserve strategy in late June 2025. This substantial institutional purchase underscores confidence in Sui’s long-term value proposition and its potential role in diversified corporate asset management frameworks.

A major technical achievement occurred when the network's Total Value Locked (TVL) surpassed $1.8 billion. Reaching this threshold signifies substantial capital commitment within Sui's decentralized applications and smart contracts, reflecting strong developer traction and user trust in the platform's infrastructure for building and deploying financial services and other decentralized solutions. Concurrently, Sui underwent a scheduled token unlock event releasing tokens valued at approximately $123 million. Such events are regular occurrences within blockchain protocols designed to distribute tokens to early contributors and ecosystem participants. While token unlocks can increase circulating supply, Sui's network activity and TVL milestone suggest robust underlying demand and utility.

Beyond financial applications, Sui's utility extended to supporting major international events. The network played a role in the International Weightlifting Federation's (IWF) leadership gathering in Lausanne, Switzerland, during late June 2025. This application demonstrates Sui's use beyond cryptocurrency markets, facilitating logistics or credentialing for large-scale global organizations. Analysts observing Sui's trajectory point to a transformative shift occurring in 2025, driven by its rapidly expanding ecosystem and the achievement of critical technological milestones. The convergence of institutional adoption, strong capital inflows measured by TVL, and practical utility in real-world scenarios positions Sui as a noteworthy participant in the ongoing development of scalable, high-performance blockchain infrastructure.