Sui (SUI) remains a key player in the Layer 1 blockchain space, despite recent volatility that has seen its price drop over 10% in the past week. The token currently trades at $3.45, with a market capitalization of $12.15 billion and a circulating supply of 3.5 billion SUI tokens. Over the past year, the price has surged by 239.6%, reaching an all-time high of $5.35 in early January 2025. However, recent declines have raised questions about the token’s near-term trajectory. Analysts note that while SUI has underperformed peers like ATOM and AVAX in the last 24 hours, it has maintained a top-10 position in Layer 1 volume rankings despite a 22% daily drop in price.

The Sui blockchain has continued to gain traction in decentralized finance (DeFi) with record-breaking activity in Q2 2025. Data from Messari shows that the average daily DEX volume on Sui reached $367.9 million, and DeFi TVL increased by 44.3% quarter-on-quarter to $1.76 billion. Institutional interest in SUI has also been on the rise, with Swiss digital asset bank Sygnum recently expanding access to SUI custody and trading for institutional clients. This move is seen as a major step toward mainstream adoption, with regulated banks now offering services tied to the Sui token.

In addition to institutional support, Sui has introduced several innovations aimed at improving user onboarding and cross-chain functionality. The launch of Sui’s passkey authentication system in August 2025 has streamlined the login process for users, allowing them to authenticate with Face ID, fingerprint, or a passcode. The platform has also partnered with Ika Network to enable Sui smart contracts to manage cross-chain assets, further enhancing its role as a decentralized coordination hub.

The token’s supply dynamics also play a critical role in its valuation. SUI’s total supply is capped at 10 billion tokens, with the current circulating supply at 35% of that maximum. The fully diluted valuation (FDV) stands at $34.60 billion, significantly higher than the current market cap. The token has also been subject to a deflationary mechanism through token burns and buybacks, which aim to reduce supply and increase scarcity for long-term holders.

Despite recent volatility, SUI has shown resilience in terms of trading activity. Over the past 24 hours, SUI saw 3,047 buyers and 1,165 sellers, with a total of 4,108 trades recorded. The token was searched over 4,300 times in the same period, indicating sustained interest among retail investors. However, the price has faced resistance at key levels, with its 30-day support level failing to prevent a continued decline.

Looking ahead, the Sui team has emphasized its long-term vision, which includes expanding its global presence through community-led hubs such as SuiHub Taipei. The platform also plans to continue developing its ecosystem by introducing new use cases for tokenized assets and expanding partnerships with institutional players. While short-term price movements remain uncertain, the underlying developments suggest that Sui is positioning itself as a scalable and user-friendly blockchain with growing institutional adoption.

Source: [1] SUI Price, SUI Price, Live Charts, and Marketcap (https://www.coinbase.com/price/sui) [2] Buy Sui – SUI Price Today, Live Charts and News (https://robinhood.com/us/en/crypto/SUI/) [3] Cardano Monthly News: Why ADA Price Can’t Reach $2 In … (https://blockchainreporter.net/cardano-monthly-news-why-ada-price-cant-reach-2-in-2025/) [4] 1 Reason to Buy Cardano (ADA) (https://www.fool.com/investing/2025/08/20/1-reason-to-buy-cardano-ada/) [5] The Pioneering Meme Coin 2025: Inside XYZVerse’s (XYZ) … (https://cryptodaily.co.uk/news-in-crypto/bitzo:the-pioneering-meme-coin-2025-inside-xyzverses-xyz-community-explosion-and-presale-achievement) [6] The Prime Meme Token 2025: Inside XYZVerse’s (XYZ) … (https://zycrypto.com/the-prime-meme-token-2025-inside-xyzverses-xyz-community-power-and-presale-acceleration) [7] Inside XYZVerse’s community hype and presale explosion (https://crypto.news/inside-xyzverses-community-hype-and-presale-explosion/)