Sui Network (SUI) has proven a formidable restoration in Could, making it one of many high 10 altcoins by market capitalization (excluding stablecoins).
Though the SUI ecosystem’s market cap continues to be comparatively modest in comparison with different Layer 1s, the community is exhibiting indicators of distinctive person attraction.
Indicators of Explosive Sui On-Chain Exercise in Could
In line with on-chain data from Artemis, for the reason that starting of the yr, SUI Network has recorded over 1 million new pockets addresses day by day. These new wallets account for greater than 80% of the full each day lively addresses.
The information exhibits that the variety of new addresses on SUI started to rise sharply in mid-February. Daily lively addresses additionally elevated, constantly staying above 1.5 million per day.
For comparability, BNB Chain has a median of round 1 million each day lively addresses. But BNB’s market cap is seven instances greater than SUI’s.
SUI’s progress goes past pockets creation. Information from DefiLlama exhibits that each day buying and selling quantity on SUI’s decentralized exchanges (DEXs) has constantly surpassed $400 million all through 2025.
As well as, the market cap of stablecoins on SUI has doubled for the reason that begin of the yr. It now exceeds $900 million — the best degree within the community’s historical past.
These figures replicate a major rise in person demand throughout the SUI ecosystem. A current report from BeInCrypto even revealed that institutional funding flows into SUI have surpassed those of Solana.
The optimistic information about SUI isn’t restricted to on-chain metrics. It additionally comes from strategic partnerships. In early Could, 21Shares — one of many world’s main crypto exchange-traded product suppliers — introduced a partnership with SUI Network to develop the ecosystem’s international attain.
“We imagine Sui has the technical underpinnings, DeFi and developer ecosystems, and institutional alignment to play a central function in crypto for a very long time,” Federico Brokate, Head of US Enterprise at 21Shares, said.
Given these optimistic indicators, some analysts expect SUI’s worth to get well to $5 and even greater within the coming months. BeInCrypto’s analysis additionally suggests the worth may rise if a golden cross is confirmed.
On the time of writing, SUI is buying and selling round $3.25, recovering practically 90% from the April low of $1.73.
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