The native token of the Sui blockchain, SUI, has hit a major turning point in its current upward trajectory by hitting a new all-time high (ATH) of $5.35. With a 20% weekly increase during a larger market upswing, SUI continues to be one of the altcoins’ most notable performers, despite a slight decline to $5.21 during the last day.
According to data from Crypto.news, SUI’s daily trading volumes have decreased by 3.2% to $1.4 billion. Nonetheless, the increasing interest in decentralized finance (DeFi) and the significant milestones reached in 2024 and early 2025 have maintained the optimistic momentum behind the Layer 1 blockchain.
The total value locked (TVL) on Sui has increased significantly, from $242 million in January 2024 to $2.6 billion in January 2025, an annual increase from $1.75 billion at the end of 2024. This remarkable expansion highlights the growing uptake of Sui’s DeFi ecosystem.
Another important factor in SUI’s rise has been institutional interest. Investor confidence has been bolstered by Grayscale’s introduction of the Sui Trust for accredited investors and the inclusion of SUI in its range of cryptocurrency products. These changes have taken place at the same time as Sui has introduced significant breakthroughs like DeepBook V3 and the Sui Bridge, which have increased the blockchain’s allure as a central location for the ownership of digital assets.
SUI has been further supported by a rebound in DeFi markets, which was sparked by Donald Trump’s recent victory in the U.S. presidential election. A favorable climate for DeFi tokens has been established by the new administration’s pro-crypto position and the hiring of regulators who are supportive of the cryptocurrency. Additionally, regulatory pressures have decreased after Gary Gensler left the SEC, improving the industry’s prospects.
Sui’s ascent to prominence, bolstered by strong TVL growth, institutional support, and advantageous macroeconomic conditions, places the platform at the forefront of the changing DeFi market. Given the increasing interest in decentralized finance, SUI’s market performance may portend long-term growth.