Sui Network Sees Over 1 Million New Wallet Addresses Daily

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Sui Network (SUI) has demonstrated remarkable momentum in 2025, emerging as one of the fastest-growing Layer 1 blockchains. With its market cap now placing it among the top 10 altcoins—excluding stablecoins—SUI is capturing increasing attention from both retail users and institutional investors. While still smaller in valuation than established networks like Ethereum or BNB Chain, Sui’s on-chain activity reveals a rapidly expanding ecosystem driven by real user adoption.

Explosive Growth in Daily Wallet Creation

One of the most striking indicators of Sui’s growth is its daily wallet address creation. According to on-chain analytics from Artemis, Sui has consistently added over 1 million new wallet addresses per day since the beginning of 2025. These new wallets account for more than 80% of daily active addresses, suggesting that fresh users—not just repeat actors—are fueling the network's expansion.

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This surge began in mid-February and has only accelerated. Daily active addresses have remained above 1.5 million, outpacing many larger ecosystems despite Sui’s relatively modest market capitalization. For context, BNB Chain averages around 1 million daily active addresses—yet it holds a market cap nearly seven times greater than Sui’s.

Such metrics underscore a critical point: Sui isn’t just growing—it’s growing efficiently. The network is attracting users at a rate disproportionate to its size, signaling strong product-market fit and effective developer tooling.

Soaring DEX Volume and Stablecoin Adoption

Growth isn’t limited to wallet creation. On-chain data from DefiLlama shows that daily trading volume on Sui-based decentralized exchanges (DEXs) has consistently exceeded $400 million throughout 2025. This sustained volume reflects robust liquidity and trader confidence in the ecosystem’s infrastructure.

Equally significant is the rise in stablecoin usage. The total market cap of stablecoins on Sui has doubled since January 2025, now surpassing $900 million—a record high for the network. This growth indicates increasing trust in Sui as a platform for real-world financial activity, including payments, lending, and cross-border transactions.

Stablecoin adoption is often a leading indicator of broader ecosystem maturity. As more users bring dollar-denominated assets onto the chain, it becomes easier to build scalable financial applications—fueling further innovation and user acquisition.

Institutional Interest Surpasses Solana

Beyond retail adoption, Sui is gaining traction among institutional players. A recent report revealed that institutional investment flows into SUI have surpassed those of Solana, another high-performance Layer 1 often seen as a direct competitor.

This shift highlights growing recognition of Sui’s technical advantages, including its object-centric data model, parallel transaction processing (via the Narwhal & Tusk consensus engine), and developer-friendly Move programming language. These features enable faster transactions, lower fees, and more intuitive smart contract development—key differentiators in attracting serious capital.

Federico Brokate, Head of US Business at 21Shares—one of the world’s leading crypto ETP providers—emphasized this potential in a May announcement of their partnership with Sui Network:

“We believe Sui has the technical underpinnings, DeFi and developer ecosystems, and institutional alignment to play a central role in crypto for a long time.”

This strategic collaboration aims to expand global access to Sui-based assets through regulated financial products, further bridging traditional finance with decentralized innovation.

Price Recovery and Market Sentiment

Amid this flurry of activity, SUI’s price has responded positively. Trading around $3.25** at the time of writing, the asset has recovered nearly **90%** from its April low of $1.73. Analysts are optimistic about future price action, with some forecasting a move toward $5 or higher** if bullish momentum holds.

Technical indicators support this outlook. BeInCrypto’s analysis notes that a potential golden cross—a bullish signal formed when the 50-day moving average crosses above the 200-day—could confirm a sustained uptrend if validated in the coming weeks.

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While past performance doesn’t guarantee future results, the confluence of strong fundamentals, rising institutional interest, and improving technicals paints a compelling picture for SUI’s trajectory.

Core Keywords

Frequently Asked Questions (FAQ)

Q: What is driving the surge in new wallet addresses on Sui?
A: The spike is largely attributed to improved user experience, low transaction costs, and growing DeFi and gaming applications built on Sui. Developer incentives and ecosystem grants have also played a role in accelerating app deployment and user onboarding.

Q: How does Sui compare to other Layer 1 blockchains like Solana or BNB Chain?
A: Unlike account-based models used by Ethereum or BNB Chain, Sui uses an object-centric architecture that allows for parallel processing—resulting in higher throughput and lower latency. Compared to Solana, Sui offers more predictable transaction fees and stronger support for complex smart contracts through the Move language.

Q: Is SUI a good investment in 2025?
A: While all crypto investments carry risk, SUI shows strong fundamentals with rising on-chain activity, growing stablecoin adoption, and increasing institutional interest. Investors should conduct independent research and consider their risk tolerance before investing.

Q: Can Sui handle mass adoption?
A: Designed for scalability from the ground up, Sui leverages parallel execution and horizontal scaling to handle millions of transactions per second. Real-world usage—including games like Sui Dynasty and DeFi platforms like Scallop—demonstrates its readiness for broader adoption.

Q: Where can I buy SUI tokens securely?
A: SUI is available on major cryptocurrency exchanges with strong security practices and regulatory compliance.

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Final Thoughts

Sui Network is no longer flying under the radar. With over 1 million new wallets created daily, DEX volumes exceeding $400 million, and stablecoin deposits nearing $1 billion, the network is proving its ability to attract and retain users at scale.

Backed by cutting-edge technology, growing institutional confidence, and a vibrant developer community, Sui is positioning itself as a major player in the next generation of blockchain infrastructure. As adoption continues to climb, the ecosystem may well become a cornerstone of Web3’s evolution—offering speed, security, and scalability where it matters most.

For developers, investors, and users alike, Sui represents more than just another Layer 1—it’s a glimpse into the future of decentralized digital economies.