Sui Blasts Past $1.75B TVL as Bitcoin and Stablecoins Flood the Network

Sui's total value locked (TVL) just smashed the $1.75 billion barrier—no small feat in a market where most Layer 1s are still begging for scraps. Bitcoin and stablecoin inflows are doing the heavy lifting, proving once again that money talks (even if it's digital).

Meanwhile, TradFi bankers are still trying to figure out how to short it. Good luck with that.

One key driver of the network’s growth is the rise in Bitcoin-pegged assets. Around 10% of Sui’s TVL is now held in assets like wBTC, LBTC, and stBTC. Additionally, the network has crossed a major liquidity milestone, with over $1 billion in stablecoins now circulating across its DeFi protocols, enabling deeper liquidity for builders and traders.

The blockchain’s native token, SUI, has also contributed to the positive momentum. The token recently surged past $5 to set an all-time high during a market uptrend and, while it has since stabilized around $3.20, remains up significantly year-to-date.

Sui’s positive trajectory has garnered praise across the industry. In October 2024, Cardano founder Charles Hoskinson publicly praised the blockchain as innovative, describing it as a stronger alternative to Solana.

Bullish sentiment continues to build across the ecosystem, fueled by mounting whispers of a potential spot ETF approval for the native token. Should the current momentum hold, it could further solidify Sui’s place as one of the top-performing blockchains.