tl;dr
Sui Network (SUI) has experienced significant growth in May, becoming one of the top 10 altcoins by market capitalization excluding stablecoins. Since early 2024, SUI has gained over 1 million new wallet addresses daily, with daily active addresses exceeding 1.5 million, surpassing BNB Chain's activ...
SUI Network has experienced a strong recovery in May, advancing into the top 10 altcoins by market capitalization, excluding stablecoins.
Since early 2024, SUI has gained over one million new daily wallet addresses, with daily active addresses surpassing 1.5 million. This notable user engagement outpaces even BNB Chain's active addresses, despite SUI’s more modest market cap.
Daily trading volume on SUI’s decentralized exchanges (DEXs) consistently exceeds $400 million in 2025, while the stablecoin market cap on the network has doubled to over $900 million, reflecting vibrant user activity.
Institutional investments into SUI have outpaced those into Solana, signaling rising confidence in SUI’s ecosystem. Strategic partnerships, including one with 21Shares, aim to expand SUI’s global reach and strengthen its institutional alignment.
Analysts project that SUI’s price could rise to $5 or more, supported by technical indicators and a recent price recovery to around $3.25, nearly 90% above its April low of $1.73.