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SUI Holds Strong After $220 Million Cetus Exploit, Eyes New Highs with Rapid Expansion

Jonathan Carls by Jonathan Carls
May 26, 2025
in Market, News
Reading Time: 3 mins read
SUI Holds Strong After $220 Million Cetus Exploit, Eyes New Highs with Rapid Expansion
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  • SUI ecosystem sustains growth despite Cetus exploit, freezing $160M of stolen funds.
  • Stablecoin inflows hit $267M in two days, pushing DEX volume and TVL above $1B.
  • Move VM 2.0 and Pilot Fish upgrades boost SUI scalability, dev tools, and UX quality.

The SUI ecosystem has been on an upward trajectory since September 2024, showing extraordinary growth and market performance. As per Altcoin Buzz, an analytic firm analysis, despite facing a severe challenge in the form of a $220 million exploit on the Cetus protocol, the network has managed to maintain its momentum. 

While this breach caused significant disruption across tokens tied to the ecosystem, SUI’s strong foundation and rapid technological progress have continued to attract investor interest and build community confidence. 

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The network’s consistent upward trend, fueled by strategic integrations, stablecoin inflows, and innovations, positions it as one of the most dynamic blockchain ecosystems in the current market.

Recovery and Ecosystem Momentum

Following the Cetus incident, stakeholders responded swiftly. Cetus patched the vulnerability and coordinated with other platforms to reduce exposure. Working alongside the SUI Foundation and Miston Labs, they successfully froze $160 million in compromised funds. Negotiations are ongoing to recover the remaining $60 million, with a $6 million bounty offered as an incentive.

Despite the setback, the ecosystem’s broader development continues to impress. Microsoft’s collaboration with SUI for the Space and Time mainnet launch underscores growing institutional confidence. This platform indexes data from Bitcoin, Ethereum, and SUI, opening new possibilities for data transparency and interoperability.

Stablecoin activity also reinforces this positive sentiment. Inflows surged to $83.4 million in a single day, followed by $184 million the next. Consequently, the network’s DEX trading volume recently reached a record high. SUI now holds over $1 billion in stablecoin total value locked (TVL), highlighting its deepening liquidity.

Technology, Market Growth, and User Tools

On the technology front, the introduction of Move VM 2.0 has enhanced performance with 30–65% faster transactions under load. Additionally, the Pilot Fish upgrade allows validators to distribute workloads across multiple machines, boosting scalability. The Move Registry now provides human-readable package names, making codebases more transparent and accessible to developers.

Cross-chain compatibility has also expanded through ZK Login, LI.fi bridges, and the Axelar Bridge, making onboarding and bridging more seamless and secure. These advancements support a growing roster of projects like Deepbook, Walrus Protocol, and Highle Protocol. Deepbook, for instance, mimics the smooth experience of centralized exchanges while remaining fully decentralized.

In the market, SUI’s price has multiplied sevenfold since September, rising from $0.78 to over $5 at its peak. Although it recently dipped below $4, analysts believe it still holds 5x to 10x potential. The comparison to Solana’s 2021 run is bold, but the sentiment around SUI remains realistically optimistic.

Tags: Market News

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