- Sui recorded the highest stablecoin inflow at $18.1M, surpassing all other chains in the last 24 hours
- DeFi TVL on Sui climbed 2.63% in a day, reaching $1.249B amid growing liquidity and app revenue
- Sui maintains around 1.4M daily active addresses, reflecting consistent on-chain user engagement
In the last 24 hours, Sui is leading short-term stablecoin growth with $18.1 million in inflows, more than any other chain. With the DeFi ecosystem expanding, TVL has reached $1.249 billion, and user activity is still at 1.4 million daily active addresses.
Sui Sees Largest Stablecoin Supply Growth Among Chains
According to Artemis, Sui saw the highest stablecoin inflows in the last 24 hours. Tron, Avalanche, and Arbitrum trailed behind the chain, which added $18.1 million in net stablecoin supply. It was the largest single-day increase of all tracked network
This could be a spike in user engagement or liquidity incentive in Sui’s DeFi ecosystem. The supply of stablecoins is often on the rise, and they are commonly used for trading, lending, and yield farming, so rising supply often means there is fresh activity.
However, other networks, such as Solana and Base, saw negative net flows at the same time. The largest 24-hour outflow was Solana, which lost over $20 million in stablecoin supply.
Ethereum still holds the top spot for stablecoins by volume on a broader time scale. Ethereum had the highest absolute supply growth of the past three months, followed by Tron and Solana. But Sui’s recent movement is notable because its base is smaller than other established networks.
Sui’s DeFi Activity Expands With Modest TVL Growth
According to data from DeFiLlama, the total value locked (TVL) on Sui is currently at $1.249 billion, up 2.63% in the last 24 hours. It is, therefore, among the best performers in the recent market cycle. Although the short-term growth is positive, Sui’s TVL has cooled off from its February 2025 peak of over $2.4 billion.
USDC has a 76.06% share of the stablecoin market cap, which is $715.08 million. While this dominance suggests that most activity is still dependent on a single stablecoin, broader diversification may occur if DeFi usage deepens. In the past day, chain fees amounted to $20,136 and app revenue to $123,502.
The daily trading volume on Sui-based DEXs was $224.36 million, indicating that the ecosystem still supports a high level of token swaps.
Active Address Trends Point to a Steady User Base
Moreover, according to Artemis data, Sui currently has about 1.4 million daily active addresses. Activity has remained steady over the past two months, even as SUI’s price went from above $4.00 down to near $2.10.
Sui’s performance is impressive. Though active user counts can fluctuate, it has continued to engage users during broader market corrections. As a measure of organic usage, daily active addresses are still an important metric, as they show the number of wallets that are interacting with on-chain applications and services.
Daily use has a steady growth, and it matches with the recent Sui development updates. Sui will also integrate with Babylon, a platform that will allow Bitcoin-backed security for new networks and was announced. The token will get access to Bitcoin’s $1.5 trillion liquidity pool and the next generation of decentralized apps secured by Bitcoin.
Long-term Stablecoin Trends Remain in Favor of Ethereum
Meanwhile, in the past three months, Ethereum had the highest net increase in stablecoin supply, followed by Tron and Solana. From a long-term perspective, these three chains continue to be the core platforms for stablecoin usage and liquidity. Smaller chains such as Sui and Base are starting to show measurable growth — particularly during shorter periods.
Sui’s spot among the top performers over 24 hours may indicate that traders or protocols are probing liquidity on newer networks. However, sustained growth will necessitate greater usage of DeFi, gaming, and NFTs.
Sui’s ecosystem growth may also be due to media and infrastructure growth. Sui is being used to build decentralized content systems such as Walrus Protocol and Unchained Podcast. These are tools that want to make content permanent and programmable using blockchain tech.
While Sui’s near-term performance across various metrics like inflows, TVL, and app activity suggests it is gearing up for wider adoption, the consistency of this trend will depend on how active the network is and how much traction the developers are getting.
