Momentum is fast for the SUI network. In a video posted to X, SUI network's chief product officer Adeniyi, announced that the network is about to “kickstart a movement carrying millions and millions of users” to the layer-1 blockchain.
The video quickly spread throughout Crypto Twitter as a sign of Sui's growing ambition.
BREAKING: $ Sui CPO @Emanabio:
“We are about to kickstart a movement that carries millions and million -million users @SuinetworkCarrying pic.twitter.com/rcfmzip8mt
– Matteo 🦭/acc (@matteodotsui) May 7, 2025
A major on-chain milestone followed that disturbance. On May 7, the SUI officially crossed 10 billion total transactions, according to data from Suiscan. This milestone is placed tightly on the top tier of layer-1s regarding the raw throughput, leading many more prominent competitors.
Sui is currently trading for $ 3.77, up to 11.2% daily, with a 24-hour trade volume of $ 2.38 billion. The token maintains strong support after rallying from a mid-April base around $ 1.75. The price is combined with the $ 3.20- $ 3.50 zone, following a sharp rally that pushed close to $ 4 last month.
The main technical ones remain constructive. The 21-day EMA sits at $ 3.05 while the 50-day SMA rests at $ 2.54. At the Sui price above the same, the uptrend structure remains intact. The RSI remains healthy in the mid -60s, suggesting momentum without excessively.
The Defi Ecosystem fuels of the Sui Network
Sui's total amount is locked currently seated at $ 2.033 billion, with over $ 461.85 million in DEX volume and $ 45.34 million in Perps Trading in the past 24 hours, according to Defillama. The network's Stablecoin market cap has also grown to $ 917 million, and the flowers continue to exceed the flows.
The growth is slightly driven by the Navi protocol, the dominant network lending platform, which now holds more than 61.79% of BTC being deployed to Sui Defi.
As previously reported, the NAVI account for nearly 1,300 BTC of 2,100+ BTCs currently allocated to entire SUI -based protocols. Suinlend and Scallop follow with smaller market sharing.
The fuel portion of the rally is aspiring ETF. The SUI Network has now seen two major ETF filing in 2025 – from Canary Capital and 21shares. While the two are waiting for the approval, the recent collaboration of 21shares in the SUI Foundation indicates the strengthening of institutional alignment.
Moreover, the Virtual MasterCard Rollout of the SUI Network throughout Europe has further strengthened the attention. Integration allows crypto-dressed users to spend SUI on 20,000+ European retailers via Apple Pay and Google Pay-a real-world case of use where some layer-1s can match.
Sui's path now depends on converting technical and defi traction to long -term user activity. The network gets steam, with sunny active addresses that fall to about 1.5 million, and the volume of transaction is hitting new highs.
