The Suis Network (SUI) has shown an impressive recovery in May, making it one of the first 10 altcoins by market capitalization (excluding stablecoins).
Although the market capitalization of the SUP ecosystem is still relatively modest compared to other layers 1, the network shows single call signs.
Signs of the explosive activity suis on chain in May
According to the chain data Since Artemis, since the beginning of the year, Suis Network has recorded more than a million new portfolio addresses every day. These new portfolios represent more than 80% of total daily active addresses.
The data show that the number of new addresses on Sui has started to increase sharply in mid-February. Daily active addresses have also increased, systematically above 1.5 million per day.
By way of comparison, the BNB chain has on average 1 million Daily active addresses. However, BNB's market capitalization is seven times higher than that of Suis.
The growth of sui goes beyond the creation of the portfolio. Defillama's data show that the daily negotiation volume on decentralized SUP (DEX) scholarships has always exceeded $ 400 million throughout 2025.
In addition, the market capitalization of Stablecoins sur Suis has doubled since the start of the year. It now exceeds $ 900 million – the highest level in network history.
These figures reflect a significant increase in user demand within the SUC ecosystem. A recent Beincrypto report even revealed that institutional investment flows in Suit had exceeded those of Solana.
The positive news on sui are not limited to chain measures. It also comes from strategic partnerships. At the beginning of May, 21Shares – One of the main suppliers of negotiated products in exchange for global crypto – announced a partnership with Suit Network to extend the global scope of the ecosystem.
“We believe that sui has technical foundations, defective ecosystems and developers and institutional alignment to play a central role in crypto for a long time,” said Federico, US business manager at 21Shares, said.
Given these positive signals, some analysts to wait for The sui price to get back to $ 5 or even more in the coming months. Beincryptto's analysis also suggests that the price could increase if a golden cross was confirmed.
At the time of writing the editorial staff, SU is negotiated about $ 3.25, recovering almost 90% against the lowest April of $ 1.73.
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