Sui Network becomes the fastest-growing public chain by 2025! TVL exceeds $1.76 billion, with Grayscale and 21Shares making significant layouts to ignite SUI price expectations.

Messari's latest report shows that Sui Network achieved breakthrough growth in Q2 2025: the average daily trading volume on DEX reached $367.9 million, and TVL experienced a big pump of 44.3% to $1.76 billion. Institutional movements such as Grayscale launching the DeepBook trust and 21Shares applying for a Spot SUI ETF are driving SUI's circulating market capitalization to surpass $12.3 billion. The ecological infrastructure continues to improve, and the integration of stablecoins and cross-chain is accelerating.

Sui Network becomes the strongest dark horse public chain in 2025, DeFi ecosystem fully explodes Sui Network (SUI) is rising as the fastest-growing blockchain ecosystem in 2025. Compared to other Layer 1 public chains, Sui is gradually establishing a unique market position with record DEX volume, TVL growth, and institutional participation, demonstrating sustainable ecological development potential.

In Q2 2025, Sui chain on-chain data reached an all-time high, with daily average DEX trading volume of 368 million USD Messari's latest report indicates that the Sui Network will achieve multiple milestones in the second quarter of 2025. The on-chain DEX's average daily trading volume reaches $367.9 million, a month-on-month rise of 20.8%, with Cetus and Bluefin contributing $170.7 million and $78.5 million in average daily trading volume, respectively.

TVL rises 44.3% to surpass 1.76 billion USD, real locked-in demand drives ecosystem growth

(Sui TVL | Source: Messari)

DeFi capital inflow has become another highlight. The total value locked (TVL) in the Sui network increased by 44.3% month-on-month, reaching $1.76 billion. Calculated in SUI, the TVL grew from 536.6 million SUI to 631.8 million SUI (an increase of 17.7%), indicating that the growth is not solely driven by the rise in token prices, but reflects the actual asset utilization and demand for locking.

Institutional heavyweight layouts intensify, Grayscale and 21Shares ignite expectations for SUI ETF

(Sui Q2 2025 Key Metrics | Source: Messari) In the second quarter of 2025, institutional participation significantly increased: Grayscale recently launched DeepBook and Walrus trust products, directly exposing Sui core protocol assets; 21Shares applied for a Spot SUI ETF in the United States; Fireblocks completed the Sui integration, opening new on-chain market channels for financial institutions.

The infrastructure ecosystem continues to expand, with giants like Microsoft and Ledger accelerating integration Sui infrastructure ecosystem expands in sync: Mysten Labs launches the decentralized key management solution "Seal" on the testnet, adding a layer of data security for Web3 applications. In the stablecoin sector, several exchanges have begun supporting Sui native USDC, achieving more efficient capital flow from CeFi to DeFi. Key integrations with Ledger, Axelar, Backpack, Privy, Trust Wallet, and Microsoft Fabric further enhance Sui's strength in custody, cross-chain interaction, and enterprise data utilization.

SUI circulating market capitalization exceeds 12.3 billion USD, price still down 34% from historical high The circulating market capitalization of SUI rose by 31.3% to $12.34 billion, surpassing the overall performance of the cryptocurrency market (23.5%). However, the price of SUI is still down 34% from its historical peak, standing at $1.34 at the time of writing, with a 24-hour rise of 1%.

[Conclusion] Sui Network continuously releases value through technological innovation and ecological construction, with the synchronous expansion of institutional capital and infrastructure injecting strong momentum into its long-term development. Although the SUI price has not yet fully reflected the ecological progress, the substantial growth of TVL and volume has confirmed the continuous deepening of its public chain competitive barriers. With the warming expectations of ETF and the deepening of cross-chain integration, Sui is expected to continue its leading public chain growth trend in 2025.