Sui-Based Meme Cryptocurrencies Gain Traction Amid Rising Decentralized Exchange Activity in April 2025

The Sui blockchain has witnessed a notable surge in meme coin popularity, coinciding with increased trading volumes across decentralized exchanges (DEXs) this April. This growth reflects broader market trends where community-driven digital assets are attracting significant attention from retail investors. The rise in DEX activity suggests growing user engagement with Sui’s ecosystem, potentially indicating a maturation of its DeFi landscape. Analysts observe that this meme coin trend mirrors patterns seen in previous bull markets, where speculative assets often lead trading volume growth before more established cryptocurrencies follow.

Are Sui Meme Coins About to Explode?

Meme coins based on Solana have been getting a lot of attention lately, with surging trade volumes and token prices. This has fueled speculation that Solana’s poised to lead a new meme coin boom, especially as the sector is exposed to new risks.

However, Sui meme coins are gaining some unexpected traction, and DEX volumes are noticeably soaring.

Sui is a high-performance Layer-1 blockchain that shares many similarities with Solana but several key differences.

Its design focuses on scalability, using parallel transaction processing and an object-centric transaction model to achieve this aim. Sui’s ecosystem is much less mature than Solana’s, but this could present opportunities for meme coins.

Sui’s developers are constantly working on upgrades to encourage new projects, some of which are explicitly geared towards meme coins. Solana’s 6.3 billion meme coin market cap grew by 2.4% in the previous 24 hours, while Sui’s increased by 4.6%.

LOFI grew 184.5% in the last week, highlighting its dedicated community.

Don't call it a $LOFI comeback. I never lost conviction. The first run was just shy of $300M.

The $SUI ecosystem is growing like crazy. Remember, the Phantom integration will be huge for SUI projects.

Don't sleep on @lofitheyeti – one of my highest conviction meme coin plays… pic.twitter.com/WlU9tjPHpm

LOFI’s impressive rise stands out, but several other projects on the layer-1 network have also attracted speculative interest. Meme coins thrive on community hype, and the blockchain’s DEX volumes are soaring.

If this high performance and committed enthusiasm connect with fresh investors, it could present an explosive opportunity.

For now, Sui’s meme coin ecosystem has a ways to go, with a total market cap of $123 million. However, this sector moves fast, and the Sui ecosystem could be poised to make some major growth soon, if meme coin enthusiasts continue to trade.