Sui's stablecoin supply has remained steady near $500 million, about 69% below its May 2025 peak of $1.6 billion. Despite this, the network has processed over $65 billion in zero-fee stablecoin transfers since June 10, thanks to a protocol update removing transfer fees and native token holding requirements. This has driven high transaction volume but not increased the stablecoin supply, which depends more on new issuance or institutional adoption. The network's growing activity, including over 1.1 million Bitcoin deposits via Sui's Hashi bridge testnet, signals strong usage even as supply plateaus.
The SUI token is currently trading near $0.73 and faces a critical resistance level at $0.85, which must be decisively broken for bullish momentum to continue toward targets of $1.07 and $1.34. Institutional investors have shown strong interest, with...
Phantom, a digital wallet, will stop supporting the Sui Network on September 24, meaning users can no longer manage their Sui assets through Phantom. Although the tokens remain on the Sui blockchain, users must migrate to other compatible wallets to ...
The SUI token surged 27.5% in three days, rising from $0.65 to $0.83, driven by a broader crypto market rally and the launch of Aftermath Perpetuals Futures V2 on the Sui mainnet. Technical indicators suggest a potential bullish trend with targets up...
