- Institutional ETF filings signal rising confidence and capital interest in SUI’s future
- SUI’s ecosystem sees strong growth, with Suilend TVL surging past $700 million
- Technical indicators show neutral momentum, hinting at a potential bullish breakout
Sui (SUI), a rapidly emerging layer-1 blockchain, is catching the attention of both retail and institutional investors. Its latest price action and growing ecosystem metrics suggest that a strong bullish phase may be taking shape.
At the core of this optimism is rising institutional demand and the recent application for a SUI exchange-traded fund (ETF), a move that could unlock new capital flows into the network. With the crypto market entering a new phase of recovery, SUI appears poised to become a standout performer in the next bull cycle.
Institutional Momentum Builds Around SUI
A major driver behind SUI’s growing momentum is the rising institutional interest in the asset. In March 2025, Canary Capital Group submitted an application to the U.S. Securities and Exchange Commission for a spot ETF tied to SUI.
The move sparked optimism across the market and led to a notable increase in SUI’s price. Other firms, including 21Shares, have also shown interest in launching similar products. These developments could act as a catalyst for sustained inflows of traditional capital.
Moreover, analyst Michaël van de Poppe has pointed to SUI as a fundamental pillar for the upcoming crypto bull run. He argues that the ongoing ETF push, paired with surging network activity, sets the stage for SUI to potentially reach a new all-time high (ATH).
Strong On-Chain Growth and TVL Expansion
SUI’s strength isn’t just based on speculation. Its ecosystem is showing significant real-world traction. According Michaël van de Poppe, it currently holds the position of the 8th largest blockchain by total value locked (TVL). Notably, its lending protocol, Suilend, has seen explosive growth rising by 90% in the past month alone. TVL on Suilend has now crossed $700 million.
Additionally, over 10% of SUI’s TVL is tied to Bitcoin-related assets. This cross-asset integration shows growing trust and innovation within the network. These metrics signal that SUI is not just benefiting from hype but is gaining adoption in core DeFi segments.
Technical Signals Suggest Early Bullish Momentum
SUI/USD daily price chart, Source: TradingView
From a technical standpoint, early indicators are aligning with the bullish narrative. As of press time trading at $3.51, the MACD is approaching a bullish crossover, and the RSI sits at 53.24 neither overbought nor oversold. This signals balanced momentum that could shift positively with the right catalysts.
