Sui Network Experiences Significant Growth with Over 1 Million Daily Wallets and Rising Institutional Interest

• Sui Network (SUI) has emerged as a notable player in the cryptocurrency space as it rapidly gains traction with over 1 million new wallet addresses created daily.

• With daily DEX trading volumes exceeding $400 million, the ecosystem reflects a burgeoning user demand and an impressive stablecoin market cap of $900 million.

• Institutional interest is on the rise as demonstrated by 21Shares’ partnership with SUI, signaling a bullish outlook for its adoption and market viability.

This article explores Sui Network’s explosive growth in user adoption, trading volume, and institutional interest, underlining its potential in the crypto market.

Signs of Explosive Sui On-Chain Activity in May

According to on-chain data from Artemis, since the beginning of the year, SUI Network has recorded over 1 million new wallet addresses every day. These new wallets account for more than 80% of the total daily active addresses.

The data shows that the number of new addresses on SUI began to rise sharply in mid-February. Daily active addresses also increased, consistently staying above 1.5 million per day.

For comparison, BNB Chain has an average of around 1 million daily active addresses. Yet BNB’s market cap is seven times higher than SUI’s.

SUI’s growth goes beyond wallet creation. Data from DefiLlama shows that daily trading volume on SUI’s decentralized exchanges (DEXs) has consistently surpassed $400 million throughout 2025.

In addition, the market cap of stablecoins on SUI has doubled since the start of the year, now exceeding $900 million — the highest level in the network’s history.

These figures reflect a significant rise in user demand within the SUI ecosystem. A recent report from COINOTAG even revealed that institutional investment flows into SUI have surpassed those of Solana.

The positive news about SUI isn’t limited to on-chain metrics. It also comes from strategic partnerships. In early May, 21Shares — one of the world’s leading crypto exchange-traded product providers — announced a partnership with SUI Network to expand the ecosystem’s global reach.

“We believe Sui has the technical underpinnings, DeFi and developer ecosystems, and institutional alignment to play a central role in crypto for a long time,” Federico Brokate, Head of US Business at 21Shares, said.

Given these positive signals, some analysts expect SUI’s price to recover to $5 or even higher in the coming months. COINOTAG’s analysis also suggests the price could rise if a golden cross is confirmed.

At the time of writing, SUI is trading around $3.25, recovering nearly 90% from the April low of $1.73.

Conclusion

Overall, Sui Network demonstrates remarkable growth in user activity and institutional interest, suggesting a promising future in the crypto landscape. As it continues to innovate and expand its ecosystem, SUI may play a pivotal role in shaping the future of decentralized finance.