- Sui surpassed Solana in weekly stablecoin transfers, recording $40B compared to Solana’s $35.5B for June 9–15, 2025.
- Solana maintains a larger market cap and higher DeFi adoption, with $77B in value and over $35B in recent DEX volume.
- Institutional inflows and ETF progress favor Solana, while Sui gains traction with faster finality and expanding DeFi use.
Sui has just surpassed Solana in weekly stablecoin transfer volume for the first time. According to Artemis data from June 9 to 15, 2025, Sui processed over $40 billion in stablecoin flows. Solana followed closely with $35.5 billion. The milestone is a significant reversal of Layer 1 blockchain activity, especially with both chains continuing to expand their footprint in the decentralized finance (DeFi) sector.
While Sui’s technical strengths contribute to its fast-paced rise, the token’s market fundamentals and long-term unlock schedule remain notable constraints. However, the competition between these two protocols reflects a broader trend in blockchain scalability and institutional adoption.
Technical Architecture vs Market Metrics
Sui offers faster finality at 39 milliseconds, compared to Solana’s 12.8 seconds. It also operates with an object-centric architecture, enabling parallel processing. The Move programming language—used by Sui—adds improved security features compared to other networks. These technical attributes have attracted growing developer and user interest.
However, the market cap difference remains significant. As of this report, Solana’s market cap is $77 billion, while Sui’s is just $13 billion. Despite Sui’s performance surge, Solana maintains over six times the market value. Token circulation is also a key difference. Only 29% of Sui’s tokens are currently in circulation, with over 88 million tokens unlocked monthly through 2030. Solana did not face similar levels of long-term dilution.
DeFi Growth and Platform Activity
Sui’s Total Value Locked (TVL) rose 76% from April 12 to May 12, reaching $2 billion. In contrast, Solana’s TVL grew by 40% over the same period, totaling $9.38 billion. Sui now hosts more than 200 decentralized applications, up from 52 last year, reflecting rapid ecosystem expansion. Despite this growth, Solana still leads in transaction volume.
Since early May, Solana has processed over $35 billion in DEX transactions, surpassing Sui’s throughput. It also maintains higher activity levels, with over 300 million daily transactions and 4 million active addresses. These figures reinforce Solana’s position as a high-volume blockchain in the DeFi space.
Institutional Investment and ETF Developments
Solana recorded $6 million in institutional inflows for the week ending May 3, while Sui saw $0.3 million. Year-to-date figures show Solana leads with $80 million in inflows versus Sui’s $72 million. Major players such as Franklin Templeton and Grayscale have shown interest in Sui, suggesting increasing institutional exposure.
ETF developments could add another layer of divergence. Solana futures ETFs are already trading in the U.S., and spot ETF applications are under SEC review. These include proposals from firms such as VanEck and Grayscale, with decisions expected by October. Sui does not yet have similar traction in the ETF space.
Sui’s surge in stablecoin flows highlights its technical strengths and rapid growth. However, Solana’s dominant market cap, institutional inflows, and ETF developments suggest it retains a stronger foothold in the blockchain space, despite Sui’s expanding presence and innovation momentum.
