Sui Network has achieved a new record with a total value locked (TVL) of $1.77 billion, indicating steady growth and strong institutional interest.
Growth of Total Value Locked in Sui Network
Sui Network's total value locked recently reached $1.77 billion. Key protocols contributing to this growth include Suilend Protocol, NAVI Protocol, and Cetus. This growth underscores the ecosystem's expanding influence in the cryptocurrency space despite recent token unlock events. On May 1, 2025, nearly 74 million SUI tokens valued at approximately $267.88 million were unlocked, causing initial market volatility typical for such events. However, despite these fluctuations, SUI tokens showed resilience, experiencing a significant price increase of over 19% within a day on May 8, 2025.
Analysis of SUI Token Price Resilience
Current data from CoinMarketCap reveals that SUI's price reached $4.04, with a market cap of $13.49 billion and a 24-hour trading volume of $2.42 billion. Over the past 7 days, the price increased by 23.80%, and over the past 30 days, a notable rise of 86.68%. Previous token unlocks have shown that the Sui Network initially experiences price dips, followed by substantial recoveries, demonstrating the network's ability to adapt.
Long-Term Prospects for Sui Network
The Coincu research team notes that positive price movements and ongoing institutional interest signal potential financial and technological advances. Looking ahead, the network's strategy—including support for Bitcoin DeFi protocols and ETF-related developments—could significantly influence its future trajectory.
Sui Network showcases positive trends in total value locked growth and SUI token price resilience. Institutional interest continues to bolster confidence in the project's future prospects.
