Stablecoin inflow of $886 million and a Total Value Locked (TVL) of $1.78 billion firm up Sui's bullish trajectory
In the sluggish crypto market of 2025, one name that's been shining bright is Sui. Bucking the trend, this breakout star has not only defied the broader market's lethargy but has outperformed it significantly, surging an impressive 70% in just 14 days. And it's not just a flash in the pan; the Sui bullish trend seems to be here to stay.
Investors, drawn back to high-growth assets, are taking notice, sparking renewed interest in the altcoin. So, what's fueling this remarkable rally? A perfect storm of rising stablecoin inflows, escalating network activity, and breakout trading patterns. These numbers might simply be data points to some, but they signify a rapidly maturing layer-1 network that could be a major player in the 2025 bull market.
Is this the beginning of something big? Let's dive deeper.
Unraveling the Mystery: What's Powering Sui's Price Surge?
Sui has gained nearly 29% in just the past week, leaving the broader crypto market (which rose a mere 1.3% in the same period) in the dust. One of the key drivers of this rally is the steady growth in activity across the Sui network. According to DeFiLlama, the stablecoin market cap on Sui has reached an impressive $886 million, just $2 million shy of its all-time high this week.
This rebound is particularly notable given that it's happening in tandem with increased outflows from Ethereum via the Wormhole Bridge. In fact, on-chain analyst Torero Romero found that nearly 29% of Ethereum's outflows through Wormhole over the past year have been redirected to Sui. This trend clearly indicates growing trust in Sui as a viable layer-1 network for stablecoin activity and beyond.
The DeFi Ecosystem Booms on Sui
Beyond just stablecoins, Sui's DeFi ecosystem is also gaining traction. The network's total value locked (TVL) now stands at a robust $1.78 billion, edging closer to its January high of $2.08 billion. That's not pocket change; it's real capital being committed to protocols built on Sui.
Decentralized exchanges on Sui are also seeing significant momentum. Weekly trading volume on these DEXs has shot up 75%, reaching an impressive $3.64 billion last week compared to just $2.08 billion a week earlier. These figures are solid evidence of the network's ability to attract and sustain active users, liquidity providers, and developers, key factors for any layer-1 network aiming for longevity.
Is Sui's Rally Technically Sound? Let's Analyze
From a technical perspective, the Sui bullish trend shows no signs of slowing. The altcoin recently broke out of a consolidation phase and is now trading at $3.56. It's consistently closing above the upper Bollinger Band, suggesting strong upward pressure. Furthermore, it's well above its 50-day moving average of $2.70, another bullish indicator.
Volume is also on the rise in tandem with price, adding credence to the breakout. The Relative Strength Index (RSI) currently sits at 76, indicating an overbought condition. While this doesn't guarantee an immediate correction, it suggests that a short-term cooling could occur before the next leg higher. The next major resistance is at $3.95, with a psychological target set at $4.50 if bulls can maintain momentum.
Chart 1- SUI/USDT Live Price, published on TradingView, April 30th, 2025.
What Are the Risks and Support Levels?
Even the sunniest skies have a few clouds, and Sui's rally is no exception. Immediate support for SUI lies at $3.51 and then more firmly at $2.70. If the asset breaks below these levels, a deeper retracement to the $2.00-$2.20 range could materialize. However, as long as the Sui bullish trend remains intact above the moving average and is supported by rising volumes, dips may simply be buying opportunities.
It's crucial to note that Sui's network activity, not just speculative hype, is driving this momentum. This lends more credibility to the rally than many of the frothy runs we've seen in other tokens this year.
Is Sui the Layer-1 to Watch in 2025?
With increasing adoption, inflows from Ethereum, growing TVL, and surging DEX volumes, Sui is making a strong case for itself. It's not just riding a trend, it's building one. The combination of fundamentals and technical strength positions Sui as one of the most promising layer-1 networks in the current crypto cycle.
If the stablecoin market cap continues to rebound and investor confidence remains high, Sui might not only retest its previous highs but push well beyond them. While short-term pullbacks are possible, as long as the overall structure of the rally remains intact, the Sui bullish trend could very well be one of the defining narratives of 2025.
- In the sluggish crypto market of 2025, the altcoin Sui has been shining bright, defying the trend and outperforming the market significantly.
- The rally of Sui can be attributed to steady network activity, rising stablecoin inflows, and breakout trading patterns.
- The stablecoin market cap on Sui has reached an impressive $886 million, just shy of its all-time high this week.
- Nearly 29% of Ethereum's outflows through the Wormhole Bridge over the past year have been redirected to Sui, indicating growing trust in Sui.
- Sui's DeFi ecosystem is also gaining traction, with a total value locked (TVL) of $1.78 billion, edging closer to its January high.
- Weekly trading volume on decentralized exchanges on Sui has shot up 75%, reaching an impressive $3.64 billion last week.
- From a technical perspective, Sui is trading consistently above the upper Bollinger Band, indicating strong upward pressure.
- If the Sui bullish trend remains intact above the moving average and is supported by rising volumes, dips may simply be buying opportunities.
- With increasing adoption, inflows from Ethereum, growing TVL, and surging DEX volumes, Sui is making a strong case for itself as one of the promising layer-1 networks in the current crypto cycle.
- If the stablecoin market cap continues to rebound and investor confidence remains high, Sui might retest its previous highs and push beyond them, making it one of the defining narratives of 2025.
