In the first quarter of 2025, despite the overall market downturn, Sui continued to expand in DeFi, gaming, and infrastructure sectors. The average daily DEX trading volume reached 304.30 million USD, mainly driven by Cetus and Suilend. Lending, stablecoin, and cross-chain swap activities enhanced network usage. New games were launched in the consumer and gaming fields, the SuiPlay0X1 design was released, and Sui infrastructure integrations were expanded, demonstrating growth beyond financial applications. The Walrus mainnet was launched, securing 140 million USD in funding to promote decentralized storage and new integrations. Institutional interest accelerated as Grayscale included SUI, Libre provided access to tokenized funds, and Canary Capital submitted an application for a US ETF. Core infrastructure gained support from Phantom, Binance, RedStone, and Telegram wallets, while new RFPs, accelerators, and hackathons increased developer participation. Looking ahead, Sui plans to expand US collaborations and technological integrations, focus on BTCfi to achieve Bitcoin programmability, invest in developer training and SuiHubs, and continue upgrading the network.

SUIA

In Q1 2025, Sui continued expanding across DeFi, gaming, and infrastructure despite a broader market downturn. Average daily DEX volume reached a new high of $304.3 million, led by Cetus and Suilend, while activity across lending, stablecoins, and cross-chain swaps reinforced overall network usage. In consumer and gaming, new titles, the release of the SuiPlay0X1 design, and broader integration of Sui infrastructure signaled growing adoption beyond financial applications.
Walrus launched on mainnet with $140 million in funding, bringing decentralized storage to production and driving a wave of new integrations. Institutional interest accelerated with Grayscale’s addition of SUI, Libre’s tokenized fund access, and Canary Capital’s U.S. ETF filing. Core infrastructure expanded with support from Phantom, Binance, RedStone, and Wallet in Telegram, while new RFPs, accelerator cohorts, and hackathons strengthened developer engagement. In the near future, Sui plans to expand its partnerships and technical integrations in the U.S., enhance its focus on BTCfi to bring programmability to Bitcoin, invest in developer training and SuiHubs to foster ecosystem growth, and continuously upgrade its network.

Sui Ecosystem Development Report for Q1 2025