- SUI’s total value locked surged by 40%, reaching $1.645 billion in recent days.
- DEX trading volume on SUI soared 177% in a week, hitting $600 million.
- Analysts predict SUI could reach $11.5 before facing another major correction.
SUI has taken the crypto spotlight this week, with its ecosystem witnessing explosive growth across multiple key metrics. From DeFi momentum to broader market optimism, a perfect storm is brewing that has helped propel SUI’s market value to new heights.
The project’s rapid rise in total value locked (TVL), surging decentralized exchange (DEX) volume, and growing stablecoin supply reflect a strong uptick in user adoption. Combined with bullish price patterns and global macro tailwinds, SUI appears to be charging toward a potential new all-time high.
Key Metrics Signal Explosive Growth
According to LookOnChain data, the total value locked on the SUI network surged by nearly 40% in recent days. TVL now stands at $1.645 billion, highlighting increased user engagement across the protocol.
At the same time, DEX trading volume exploded, climbing to nearly $600 million over the past 24 hours. That marks a staggering 177% rise over the last week, underscoring strong momentum in SUI-based trading pairs.
Besides, stablecoin activity on the SUI blockchain has also grown considerably. In just two months, the stablecoin supply has jumped from $482 million to $879 million.
This 82% increase reflects rising trust in SUI’s ecosystem and signals more capital inflow. More users are locking in liquidity and trading actively, which adds further fuel to the network’s bullish engine.
The $SUI price has surged by 60% in the past week.
— Lookonchain (@lookonchain) April 25, 2025
What is driving the rise of $SUI?
TVL has increased by 38% in the past week to $1.645B.
DEXs Volume(24h) has reached $599M, a 177% increase from last week.
Stablecoins on #Sui have grown rapidly over the past two months,… pic.twitter.com/X3m0FdGo9O
Analysts Forecast New All-Time High
SUI is not just riding the DeFi wave. It’s also benefiting from improving global market sentiment. One major macro driver is the growing speculation that the US may ease tariffs on Chinese goods.
Consequently, broader financial markets like stocks and crypto have seen renewed investor confidence. The global crypto market cap is once again edging toward the $3 trillion mark.
According to crypto analyst Bitcoinsensus, SUI’s chart shows a clear ascending wedge pattern. Based on historical data since May 2023, the asset is expected to rally further. Bitcoinsensus predicts that SUI could climb as high as $11.5 before facing another major correction.
$SUI Massive Price Projection Target🔥
— Bitcoinsensus (@Bitcoinsensus) April 23, 2025
Sui has been moving in waves inside this ascending wedge that has been forming since June of 2023.
We now also have got a bullish high time-frame confirmation with a break of trend on the RSI on the weekly.
Next price target for $SUI on… pic.twitter.com/T4F5nxU5RY
At press time, SUI trades at $3.66, representing a 23.66% gain in the past 24 hours and a 73.11% rise over the past week. With a market cap nearing $12 billion and a 24-hour trading volume of $3.85 billion, SUI remains one of the top-performing digital assets this month.
