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Sui Sees Record DeFi Growth in Q2 2025, Yet SUI Price Trails

2 mins
Updated by Ann Maria Shibu
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In Brief

  • Sui Network’s DEX volume hit $367.9 million daily in Q2 2025, with Cetus and Bluefin driving growth and setting ecosystem records.
  • TVL surged 44.3% to $1.76 billion, with 17.7% growth in SUI terms, signaling strong organic demand beyond token price action.
  • Institutional momentum rose as Grayscale launched a SUI Trust, 21Shares filed for an ETF, and Fireblocks expanded access.
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Sui Network (SUI) is emerging as one of the fastest-growing blockchain ecosystems in 2025.

Overall, Sui is steadily carving out a distinct position compared to other L1 blockchains. With record-breaking DEX volume and TVL growth, strong institutional participation, and infrastructure advancements, this ecosystem demonstrates sustainable development potential.

Sui Network’s Leap Forward in DeFi Ecosystem in Q2 2025

According to the latest report from Messari, Q2 2025 marked a series of new milestones for Sui Network.

Sui's key metrics in Q2 2025. Source: Messari
Sui’s key metrics in Q2 2025. Source: Messari

Daily average DEX trading volume on Sui reached $367.9 million, a 20.8% increase from the previous quarter. Cetus and Bluefin led the charge, contributing $170.7 million and $78.5 million daily, respectively.

Another highlight came from capital inflows in DeFi. Sui’s Total Value Locked (TVL) surged 44.3% from the prior quarter, reaching $1.76 billion.

Sui's TVL. Source: Messari
Sui TVL. Source: Messari

In SUI terms, TVL grew 17.7% (from 536.6 million to 631.8 million SUI). This indicates that the growth is not solely driven by token price appreciation but also reflects genuine demand for asset utilization and locking within the ecosystem.

Beyond growth metrics, Q2 2025 saw significant institutional interest. Grayscale recently launched DeepBook and Walrus Trusts, directly exposing Sui’s core protocol assets and boosting ecosystem visibility. And 21Shares filed for a spot SUI ETF in the US.

Meanwhile, Fireblocks integrated Sui into its platform, creating new access channels for financial institutions to the on-chain market.

Sui’s infrastructure ecosystem also continued to expand. Mysten Labs launched “Seal,” a decentralized secret management solution, on testnet, adding a data security layer for Web3 applications.

In the stablecoin space, major exchanges like MEXC and Kraken began supporting native USDC on Sui, enabling faster and cheaper capital flows from CeFi to DeFi. Key integrations from Ledger, Axelar, Backpack, Privy, Trust Wallet, and Microsoft Fabric enhanced Sui’s capabilities in custody, cross-chain interaction, and enterprise data utilization.

SUI price movement. Source: BeInCrypto
SUI price movement. Source: BeInCrypto

SUI’s circulating market capitalization rose 31.3% to $12.34 billion, outpacing the broader crypto market’s 23.5% growth. However, SUI’s price remains over 34% below its all-time high. The price was trading at $3.51 at press time, up by 1% over the past 24 hours.

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Linh Bùi
Linh Bùi (builink) is a content creator in the field of finance in general and cryptocurrency in particular. With the desire to share articles specializing in knowledge about the cryptocurrency market, builink takes on the task of compiling articles about experience and knowledge for beginners as well as updating HOT news in the market through more multi-dimensional perspectives.
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