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Sui Update January 2025

stakefish

stakefish

— 4 min read

 As of January 2025, the Sui network has established itself as a leading blockchain platform, demonstrating remarkable growth and outperforming several competitors.

Total Value Locked (TVL)

Sui surpassed $2 billion in TVL briefly in January, doubling its previous milestone in just three months1. This rapid growth cements Sui's position as the fastest-growing blockchain in terms of TVL, showcasing strong investor confidence and ecosystem expansion. 1

Trading Volume

Over the past year (January 2024 to January 2025), Sui's trading volume soared to an impressive $48 billion. This figure significantly outpaces its competitors, with Aptos and SEI reporting volumes of $11.57 billion and $2.93 billion, respectively. The substantial difference underscores Sui's dominance in market activity and user adoption. 6

Decentralized Exchange (DEX) Performance

In January 2025, Sui's Perpetual DEX recorded a trading volume of $5.57 billion, surpassing a major Solana-based Perpetual DEX, which posted $4.55 billion 6. This achievement indicates a shift in trader preference towards Sui's platform and highlights its growing dominance in the DEX space.

DeFi Ecosystem Growth

The Sui DeFi ecosystem has experienced exponential growth, reaching 54 protocols by January 2025 6. This represents a significant increase from early 2023, demonstrating the network's ability to attract diverse DeFi applications and developers.

Network Activity

Sui has processed over 4.58 billion transactions across 18.19 million active accounts while maintaining high speed and security 7. This level of activity showcases the network's scalability and efficiency.

Technological Advantages

  1. Parallel Transaction Processing: Sui's object-based model allows for simultaneous processing of multiple transactions, significantly enhancing throughput compared to traditional blockchains like Ethereum or Solana 8.
  2. Programmable Transaction Blocks (PTB): Sui supports up to 1024 commands in a single transaction, offering unprecedented flexibility for complex operations, particularly beneficial for DEX aggregators 8.
  3. Scalability: Sui's design allows for better parallelization of transactions, enabling higher throughput and efficiency compared to competitors like Aptos and Solana 8
  4. Low Transaction Costs: Sui offers near-zero fees, making it more accessible to a wider range of users compared to high-fee networks like Ethereum 9.

Ecosystem Highlights

  • Sui 2025 Roadmap: Sui founder lays out the framework where Sui becomes the backbone for finance, gaming, AI-driven agents, and everyday apps. 4
  • Wallet Integration: Phantom wallet and Backpack have added support for Sui. 2 5
  • Sui SMS Transactions: Sui enables transactions over SMS, opening up accessibility and financial inclusion for areas with remote internet access. 3
  • Stablecoin Growth: The ecosystem has seen significant growth in stablecoin usage 10.
  • Institutional Backing: Sui continues to attract strong institutional support, positioning it as a leader in blockchain innovation 10.

Comparative Advantages

  • Speed: Sui's parallel transaction processing puts it ahead of Ethereum and Solana in terms of transaction speed 9.
  • Reliability: Unlike Solana's outages, Sui offers a stable and growing infrastructure, inspiring long-term confidence 9.
  • Trading Experience: Sui's system is currently better optimized for traders than Aptos, potentially leading to better prices on Sui DEXes 8.

VanEck's Analysis and Price Estimation

VanEck, a prominent name in the investing world, has conducted a comprehensive analysis of Sui, comparing it to competitors like Aptos. 8 Their findings highlight Sui's strengths:

  1. Technical Advantages: VanEck notes Sui's superior potential in technology and transaction optimization, particularly its programmable transaction blocks and DeepBook, which offer lower transaction costs and deeper liquidity for DEXs.
  2. Scalability: Sui's object-based model and consensus optimization are recognized as significant factors in its improved scalability and efficiency.
  3. Price Prediction: VanEck's senior investment analyst, Patrick Bush, predicts that by the end of 2025, the price of SUI will reach $16. This bullish forecast is based on Sui's technological innovations and growing ecosystem.
  4. Comparative Advantage: While acknowledging the potential of competitors like Aptos, VanEck's analysis suggests that Sui's unique features position it favorably in the long-term blockchain competition.

As of January 2025, the Sui network has demonstrated exceptional growth across various metrics, outperforming several competitors and establishing itself as a formidable player in the blockchain space. Its technological innovations, growing DeFi ecosystem, and strong market performance position Sui as a leading platform and network for 2025.

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References

  1. https://defillama.com/chain/Sui
  2. https://x.com/phantom/status/1884649443237966024
  3. https://x.com/kostascrypto/status/1883847407567528399
  4. https://x.com/EmanAbio/status/1881735353729692025
  5. https://x.com/Backpack/status/1866848627953635727
  6. https://www.thecoinrepublic.com/2025/01/29/sui-price-outpaces-aptos-and-sei-what-driving-this-surge/
  7. https://tangem.com/en/blog/post/sui-blockchain/
  8. https://www.vaneck.com/us/en/blogs/digital-assets/sui-vs-aptos-competitive-analysis-and-price-prediction/
  9. https://www.antiersolutions.com/blogs/sui-meme-coins-vs-other-meme-coins-the-trending-faceoff/
  10. https://www.tronweekly.com/sui-surpasses-2-billion-tvl-setting-a-new/

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