Sui Blockchain's Revitalization: TVL Nears $2B Milestone and ETF Speculation Heats Up
SUI TVL Experiences Significant growth, contemplates rebound to $2B amid increasing ETF rumors
The vibrant layer-1 blockchain Sui is experiencing a surge, drawing ever closer to reclaiming its $2 billion Total Value Locked (TVL) milestone as optimistic developments ripple across the ecosystem.
As depicted by DeFiLlama data on June 10, 2025, Sui's TVL, as of now, rests at a substantial $1.96 billion. This signifies a notable 10% increase compared to the $1.77 range it held over the past week, propelling the protocol closer to reestablishing the $2 billion milestone it achieved earlier this year.
Solana, Litecoin, and XRP Lead ETF Approval Probabilities as Analysts Voice Opinions
Sui's TVL growth coincides with growing whispers of a potential Sui Exchange-Traded Fund (ETF) launch, inciting excitement within the sector. Nasdaq recently filed a 19b-4 with the Securities and Exchange Commission to list the 21Shares SUI ETF. This filing follows 21Shares' S-1 registration in April, heralding the regulatory review process for a spot ETF pegged to the SUI token.
Market analysts have attributed a 60% likelihood to SUI ETF approval in 2025, fueling the positive sentiment.
Kevin Boon, President of Sui's founding team, Mysten Labs, celebrated this development by stating, "Looking back at our mainnet only two years ago, the milestone of a NASDAQ filing is a powerful moment. We are proud to help 21Shares build towards a world where every investor can access SUI."
Beyond ETF Talks: Juicy Ecosystem Developments Fuel Sui's Growth
Beyond the ETF hype, multiple ecosystem-wide advancements are propelling Sui's rising TVL. In recent times, Sui has witnessed an increase in Bitcoin-pegged assets, with around 10% of its locked value now nestled in tokens such as wBTC, LBTC, and stBTC.
Moreover, Sui crossed a significant liquidity barricade, with over $1 billion in stablecoins now circulating through its DeFi applications.
While SUI, the native token of the protocol, has been slowly climbing this week, it trades around $3.47 at press time, reflecting a 2% gain over the last 24 hours and a 7% improvement compared to the previous week.
Sui Scorches Past $1.75B TVL as Bitcoin and Stablecoin Flows Ignite
Despite the apparentTVL decline and red-hot market fluctuations, Sui exhibits a resilient ecosystem, with growth in stablecoin market capitalization and DEX volume attesting to its resilience. Factors contributing to Sui's growth include the stablecoin market capitalization's 2.73% increase in the last 24 hours to $1.145 billion and the stablecoin market cap's surge by 190% in 2025 thus far.
The Decentralized Exchange (DEX) volume on Sui has consistently remained above $300 million for the last four days, demonstrating robust liquidity and transaction activity. The potential approval of an SUI ETF could further bolster the ecosystem by offering institutional investment opportunities and heightened market visibility.
The outlook for SUI's price varies broadly, with estimates ranging from $1.71 to $10.80 in 2025. This forecast uncertainty is influenced by volatile market conditions and the potential for further ecosystem development. Future developments, including any potential ETF approval, are poised to play a crucial role in driving TVL growth by attracting more investors and increasing network utilization.
- Amidst Sui Blockchain's TVL reapproaching $2 billion, DeFiLlama data indicates that Sui currently holds a substantial $1.96 billion TVL, marking a 10% increase over the past week.
- Solana, Litecoin, and XRP have emerged as leading contenders for ETF approval, with analysts predicting a 60% likelihood of SUI ETF approval in 2025.
- Nasdaq recently filed a 19b-4 with the Securities and Exchange Commission for the potential listing of the 21Shares SUI ETF, mirroring the S-1 registration in April.
- Sui's growing TVL is attributed to the rise of Bitcoin-pegged assets within its ecosystem, with about 10% of its locked value now found in assets such as wBTC, LBTC, and stBTC.
- Moreover, Sui has broken through a liquidity barrier, with over $1 billion in stablecoins now circulating through its DeFi applications.
- The potential launch of a Sui ETF could further bolster the ecosystem by offering institutional investment opportunities and enhancing market visibility, potentially driving TVL growth and attracting more investors.
