SUI Network Witnesses Outstanding Surge of Decentralized Finance (DeFi) Activity

On April 24, 2025, the SUI network made headlines because of an outstanding surge of decentralized finance (DeFi) activity in the crypto market.

The SUI network displayed outstanding surges of decentralized finance (DeFi) activity in the crypto market.

As of April 24, 2025, Layer-1 blockchain royal decentralized exchange (DEX) trading volume has risen by 38.51% over the past week, reaching a high of $2.77 billion. In the last 24 hours along trading volume cloaked at $806 million. There is rapid growth in the SUI blockchain, which has resulted in it getting positioned as one of the top-performing networks.

According to data from DeFi Llama, SUI DeFi Total Value Locked (TVL) also has increased by 9.64%, reaching a value of $1.595 billion. These metrics and insights show the growing users’ confidence along with increasing developers’ interest in the protocol’s capability to offer secure, efficient, and scalable financial services. This consistent rise in TVL signals that more capital is being locked into smart contracts, which further strengthens the network economic foundation.

Another huge development in the SUI network that has contributed to the SUI’s growth is its stablecoin ecosystem. The total marked capitalization of stablecoin on the network has hiked by 7.81% over the past week to reach $865.2 million. USD Coin (USDC) remains the dominant stablecoin on SUI, accounting for over 71% of the total stablecoin supply. This dominance indicates that increasing institutional preference for USDC reliability, transparency, and compliance. A strong stablecoin presence enhances DeFi usability and allows users to trade, stake, and lend with minimized exposure to market volatility.

The surges in DEX volume and TVL point ot an underlying bullish sentiment that is been driven not by speculation alone but by measurable on–chain growth. As of 24 April 2025, SUI is currently trading at $2.9896 and is going up by 0.73% in the last 24 hours.

This is the reflection of a modest trajectory. This bullish sentiment is further reinforced by the key technical indicators. The Relative Strength Index (RSI) currently sits near 69.26, hovering just below the overbought zone. This suggests strong buyer momentum, although traders may want to watch closely for potential cooling-off periods.

DeFi Infrastructure and Ecosystem Development

SUI blockchain is unique because it is efficient and developer-friendly, and the protocol supports a wide array of DeFi applications that include automated market makers (AMMs), lending protocols, and synthetic asset platforms. This flexibility of the SUI network has attracted several DeFi projects that benefit from SUI’s low latency and high throughput. Combined with a growing community and increasing liquidity, the network seems to be establishing itself as a major player in the layer-1 blockchain space.

The April 24 data from Token Terminal revealed that the SUI network's DEXs had a 24-hour trading volume of $806 million, which is a 38.51% increase from the previous week. Among the main DEXs on the SUI network are Acala, Anyswap, and Chainlink.

Sui’s DeFi boom could signal long-term growth

The explosive rise of SUI’s DEX volume and its growing TVL, along with SUI price appreciation, reflect more than just a temporary hype and good performance. With the increased real-world utility and credibility in the DeFi space, more positive outcomes might come. As SUI blockchain continues to deliver on both fronts, its native token SUI could see continued interest and potential upward momentum. Now, whether SVI price hike more or maintains its current price will depend on its ability to sustain this engagement and increase it further in the crypto world. But the foundation does seem stronger than it ever has been.