SUI has risen 54% in three days! Decentralized Finance frenzy + capital rush, is 4 USD just the starting point?

In April 2025, the SUI Token rose against the trend by 54%, breaking through $3.39, with a Lock-up Position value reaching $1.46 billion, achieving multiple breakthroughs in ecology and technology.

Written by: Lawrence, Mars Finance

SUI Surges Against the Trend: Value Awakening Under the Resonance of Technology, Ecology, and Capital

On April 25, 2025, the SUI Token broke through $3.39 with an astonishing rise of 54% over three days, and the total network contract position surged to $1.1 billion, becoming the only project among the top 20 tokens by market capitalization to break through historical resistance levels against the trend.

Core Data Comparison (as of April 25):

TVL Growth: The total lock-up value (TVL) of the Sui network has reached $1.46 billion, with a weekly increase of 10%, far exceeding that of Solana (+3.2%) and Avalanche (-1.8%).

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• Stablecoin Proportion: The on-chain stablecoin market capitalization has surpassed 880 million USD, with USDC holding a market share of 71%, and liquidity depth has increased by 200% compared to three months ago.
• DEX Explosive Power: Daily DEX trading volume exceeded 620 million USD, weekly DEX trading volume reached 2.77 billion USD, which is 8 times higher than the market average, with Meme coins contributing over 60% of the trading volume.

Behind this "divergent growth" is a new ecological paradigm built by Sui - achieving a closed-loop breakthrough from underlying protocols to application ecology through the triple engines of technology stack reconstruction, capital resonance, and community fission.

Technological Revolution: Operating System-Level Architecture in the Era of Public Chain 3.0

The technical architecture of SUI is not a linear upgrade of traditional public chains, but rather a reconstruction of blockchain architecture based on the concept of a "full-stack operating system":

​​1. Paradigm Shift of Consensus Mechanism​​

• Mysticeti V2 Engine: Adopts a DAG (Directed Acyclic Graph) structure, compressing the transaction confirmation time of shared objects to 0.25 seconds, with a tested TPS exceeding 120,000. This makes Sui the first public chain to support high-frequency quantitative trading, with slippage on the DeepBook order book reduced by 40% compared to Uniswap V4.
• Remora Sharding Mechanism: By dividing the tasks of validation nodes into three main modules—computation, storage, and verification—it achieves linear scalability. In the testnet environment, adding 1 group of node clusters can increase TPS by 43,000.

​​2. Disruptive Breakthrough in the Storage Layer​​

• Walrus Distributed Network: As the first programmable storage sidechain, it uses erasure coding technology to reduce storage costs to 10% of traditional solutions. In the first month of the mainnet launch, it supported a 200TB AI training dataset, providing infrastructure for compute-intensive projects such as Render Network.
• SEAL Dynamic Encryption Protocol: Achieve graded authorization of NFT content, Warner Music has issued dynamic music NFTs based on this technology, with playback exceeding 120 million times.

​​3. Generational Leap in Developer Experience​​

• Move Prover Smart Verification: Reduces contract vulnerability rate to 0.3% through formal proofs, improving security by 5 times compared to Solidity.
• ​​RPC 2.0 Response System​​: The GraphQL-based query system compresses data call latency to within 50ms, along with the Bugdar AI auditing tool, increasing development efficiency by 3 times.
• This technical architecture allows Sui to break free from the "performance - decentralization" binary paradox. Artemis data shows that its active validator nodes have reached 297, far exceeding Solana's 183, truly achieving both high performance and decentralization.

Ecological Explosion: The Flywheel Effect of Multi-Track Synergy

The Sui ecosystem has formed a complete matrix of "infrastructure - middleware - application layer", with each track showing a synergistic explosive trend:

1. The Institutional Transformation of DeFi

Cetus Protocol: The liquidity aggregation protocol deeply integrates DeepBook, achieving a trading slippage of less than 0.3% at the million-dollar level, attracting top market makers like Jump Crypto to settle in, with the platform token CETUS having a monthly rise of 180%.

Scallop Cross-chain Hub: Supports seamless flow of assets across 20 chains through modular design, and its "yield layering" mechanism allows stablecoin deposit APY to reach 15%, with TVL exceeding 500 million USD.

Momentum stablecoin platform: The algorithmic stablecoin and over-collateralized hybrid mechanism has an average daily trading volume of 120 million USD, becoming the liquidity cornerstone of Sui DeFi.

​​2. The Traffic Singularity of Meme+AI​​

• LOFI/BLUB phenomenon: The daily rise of the two major Meme coins reached 124% and 100%, respectively, driving the number of active on-chain addresses to exceed 1.7 million. Its success is attributed to SUI's unique gas fee subsidy mechanism, which stabilizes the cost of small transactions at $0.01.
• RockeeAI: A DeFi protocol integrated with natural language processing, enabling "voice command trading" functionality, with a social media sentiment analysis module covering over 2000 communities, achieving a prediction accuracy of 78%.
• Zeromorph Perpetual Contract: The AI Agent SDK supports users in training personalized strategies, and the "Risk Hedging Engine" reduces the liquidation rate to the industry average of 1/3.

3. Ecological expansion of hardware breaking the circle

• SuiPlay0X1 Game Console: The hardware is deeply integrated with the blockchain gaming ecosystem, with 62% of the 700,000 pre-sale orders coming from traditional gamers. This device supports the seamless acquisition of NFT equipment, driving a 300% increase in the number of Sui game DApps.
• Sui Frens Dynamic NFT: Achieves real-time interaction of NFT attributes through a gene mutation algorithm, with the rare floor price breaking 420 SUI and a week-on-week increase in minting volume of 470%.

This multidimensional explosion forms an ecological flywheel: technological advantages attract developers → rich applications enhance user retention → capital inflows strengthen liquidity → feedback into technological iteration.

Capital Resonance: Traditional Forces Enter to Restructure Valuation Logic

The revaluation of SUI's value is essentially the repricing of mainstream capital for Web3 infrastructure:

​​1. Three Steps for Institutional Entry​​

• ETF Breakthrough: Canary Capital submits the first SUI ETF application, VanEck predicts an additional $3.5 billion in funding will come after approval.
• RWA Layout: Co-building a tokenized platform with Franklin Templeton to manage $15 trillion of traditional assets on-chain.
• Compliance Breakthrough: Obtained Dubai VARA license, becoming the first compliant public chain in the Middle East, with the Abu Dhabi sovereign fund having allocated $230 million.

​​2. Structural Transformation of Liquidity​​

Stablecoin leverage: USDC issuance increased by 7.77% week-on-week, institutions are achieving cross-chain arbitrage through the CCTP protocol, with an average daily arbitrage scale exceeding 80 million USD.

SUI total network contract holdings exceed 1.1 billion USD

Contract Position Changes: Coinglass data shows that the open interest of call options with a strike price of 3.5 dollars increased by 320% week-on-week, as the market bets on a breakout above 4 dollars in May.

​​3. Disruption of Valuation Models​​

Traditional public chain valuation often uses Metcalfe's Law (Value ∝ Number of Users²), while Sui's full-stack capabilities have given rise to the "Metcalfe-Ziv Composite Model":

Valuation = Number of Developers × (Number of DApps + TVL)^1.5

According to this model, Sui's current valuation should reach 20 billion dollars, with an 80% rise potential compared to the current price.

This expectation is supported by on-chain data: Currently, there are 17 new DApps added daily on the SUI chain, which is 2.3 times that of Solana, and the ecological network effect has entered an exponential growth stage.

Conclusion: The Second Half of Public Chain Competition Begins

The rise of SUI marks the entry of blockchain competition into the "full-stack capability" era. While other public chains are still entangled in TPS numbers, Sui has quietly completed a three-dimensional layout from the protocol layer to the application layer, from online ecology to offline hardware. Through the triple resonance of technical depth, capital thickness, and ecological breadth, it is rewriting the fundamental rules of Web3.

The essence of this value reconstruction is the evolution of blockchain from a "financial experiment" to a "digital economy operating system." When the SUI Play0X1 handheld device starts appearing in the hands of subway passengers, and when fans of Warner Music go crazy for dynamic NFTs, we may be witnessing the true "breakout moment" of blockchain technology. This feast may have just begun.