Sui Network ( SUI ) continues to assert its leading position in the altcoin group since the strong breakout starting from late 2023 and extending into 2025.
Although the price increase this year has slowed compared to the previous period, the on-chain activity of SUI continues to maintain outstanding strength — a testament to its solid technological foundation and increasingly developing ecosystem.
The impressive transaction processing speed along with a strong expansion wave in the DeFi sector has helped Sui become a formidable competitor, posing a clear challenge to leading layer-1 blockchains such as Solana.
Stablecoin, revenue and the number of wallet addresses
SUI is asserting its absolute leadership in the stablecoin sector, with an impressive total capitalization of $1.13 billion. This figure even surpasses the total stablecoin capitalization of a series of layer-1 competitors including Near Protocol (NEAR) – $652.6 million, Sei Network (SEI) – $213.4 million, Berachain (BERA) – $144.5 million, Polkadot (DOT) – $77.3 million, and Cardano (ADA) – $31.6 million – with a total value of only $1.12 billion USD.
This achievement not only demonstrates the superiority of SUI in terms of stablecoin liquidity but also reflects the increasingly dominant role of this network in the layer-1 blockchain ecosystem.
Source: Torero RomeroIn addition, the dApp ecosystem on Sui Network is also experiencing strong growth. In the past 24 hours as of the time of writing(, Bluefin is leading in revenue with 23,000 USD, followed by Momentum)19,000 USD(, Navi)14,000 USD(, Haedal)11,000 USD(, and Scallop)10,000 USD(. These top five decentralized applications have generated a total revenue of 77,000 USD – a testament to the vitality and commercial potential that is increasingly expanding on Sui.
The combination of abundant stablecoin liquidity and increasing protocol revenue clearly reflects the level of utility as well as the strong interest from the user community in the Sui network.
As the foundational elements continue to strengthen, along with the increasingly vibrant activities of dApps, the growth momentum of Sui Network seems to be in an accelerating phase and shows no signs of slowing down.
At the same time, data from Sui Explorer shows that the total number of accounts on the network has continuously grown steadily from April to June 2025. From the milestone of 124.3 million wallets on April 5, this number increased steadily to 190.6 million on May 12 and continued to reach 208.8 million on June 14.
Notably, the growth process has not recorded any significant declines – indicating that the level of user acceptance and expansion is occurring sustainably, while also setting new records for the number of active wallet addresses across the network.
Can SUI's price keep up with on-chain development?
Although the on-chain activity of SUI continues to maintain impressive growth, the price of this token is undergoing a correction, decreasing to the important demand zone around the $2.80 – $3 mark after failing to break through the strong resistance level at $3.50.
The rejection at the $4 level earlier in May established a short-term downtrend, causing SUI to be in a state of tug-of-war between buying pressure and profit-taking.
Currently, the MACD indicator remains below the signal line and continues to stay in the negative zone, indicating that selling pressure is still dominant in the market.
However, if the support level of $3.00 is maintained, SUI has a good chance of recovering back to the $3.50 range. Conversely, if this support is broken, the price is likely to return to test the $2.50 range.
![])https://img.gateio.im/social/moments-b374824710b35a9916fb693c34dfe3c2(Daily SUI/USDT Chart | Source: TradingViewOn the daily timeframe, the technical structure of SUI continues to maintain a higher low pattern — a positive sign for the long-term bullish trend. However, recent candles reveal a clearly increasing selling pressure.
For the bulls, successfully defending the important support zone of $2.80 – $3 is crucial to maintaining the recovery momentum. Notably, the bullish divergence signal that has just appeared on the MACD indicator may add hope for a short-term rebound.
On the contrary, if the price continues to be rejected around the resistance level of $3.20 — accompanied by a failed MACD crossover — the risk of re-establishing a downtrend will be present. In order to aim for the strong resistance level at $3.50, SUI needs to clearly demonstrate an improvement in market momentum and trading volume in the near future.
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Sui Network Paradox: Superior on-chain performance, yet SUI price goes against the trend.
Sui Network ( SUI ) continues to assert its leading position in the altcoin group since the strong breakout starting from late 2023 and extending into 2025.
Although the price increase this year has slowed compared to the previous period, the on-chain activity of SUI continues to maintain outstanding strength — a testament to its solid technological foundation and increasingly developing ecosystem.
The impressive transaction processing speed along with a strong expansion wave in the DeFi sector has helped Sui become a formidable competitor, posing a clear challenge to leading layer-1 blockchains such as Solana.
Stablecoin, revenue and the number of wallet addresses
SUI is asserting its absolute leadership in the stablecoin sector, with an impressive total capitalization of $1.13 billion. This figure even surpasses the total stablecoin capitalization of a series of layer-1 competitors including Near Protocol (NEAR) – $652.6 million, Sei Network (SEI) – $213.4 million, Berachain (BERA) – $144.5 million, Polkadot (DOT) – $77.3 million, and Cardano (ADA) – $31.6 million – with a total value of only $1.12 billion USD.
This achievement not only demonstrates the superiority of SUI in terms of stablecoin liquidity but also reflects the increasingly dominant role of this network in the layer-1 blockchain ecosystem.
The combination of abundant stablecoin liquidity and increasing protocol revenue clearly reflects the level of utility as well as the strong interest from the user community in the Sui network.
As the foundational elements continue to strengthen, along with the increasingly vibrant activities of dApps, the growth momentum of Sui Network seems to be in an accelerating phase and shows no signs of slowing down.
At the same time, data from Sui Explorer shows that the total number of accounts on the network has continuously grown steadily from April to June 2025. From the milestone of 124.3 million wallets on April 5, this number increased steadily to 190.6 million on May 12 and continued to reach 208.8 million on June 14.
Notably, the growth process has not recorded any significant declines – indicating that the level of user acceptance and expansion is occurring sustainably, while also setting new records for the number of active wallet addresses across the network.
Can SUI's price keep up with on-chain development?
Although the on-chain activity of SUI continues to maintain impressive growth, the price of this token is undergoing a correction, decreasing to the important demand zone around the $2.80 – $3 mark after failing to break through the strong resistance level at $3.50.
The rejection at the $4 level earlier in May established a short-term downtrend, causing SUI to be in a state of tug-of-war between buying pressure and profit-taking.
Currently, the MACD indicator remains below the signal line and continues to stay in the negative zone, indicating that selling pressure is still dominant in the market.
However, if the support level of $3.00 is maintained, SUI has a good chance of recovering back to the $3.50 range. Conversely, if this support is broken, the price is likely to return to test the $2.50 range.
![])https://img.gateio.im/social/moments-b374824710b35a9916fb693c34dfe3c2(Daily SUI/USDT Chart | Source: TradingViewOn the daily timeframe, the technical structure of SUI continues to maintain a higher low pattern — a positive sign for the long-term bullish trend. However, recent candles reveal a clearly increasing selling pressure.
For the bulls, successfully defending the important support zone of $2.80 – $3 is crucial to maintaining the recovery momentum. Notably, the bullish divergence signal that has just appeared on the MACD indicator may add hope for a short-term rebound.
On the contrary, if the price continues to be rejected around the resistance level of $3.20 — accompanied by a failed MACD crossover — the risk of re-establishing a downtrend will be present. In order to aim for the strong resistance level at $3.50, SUI needs to clearly demonstrate an improvement in market momentum and trading volume in the near future.
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