Stablecoin Supply on Sui Network Hits All-Time High Near $1 Billion

In a strong year for stablecoins and real-world assets (RWAs), Layer 1 blockchain Sui is experiencing rapid growth on the stablecoin front.

Sui’s stablecoin supply is up 148% to $918 million since the beginning of 2025, and the network’s token, SUI, has been one of the strongest altcoins throughout the market cycle, reaching an all-time high market capitalization of $16 billion in January.

In addition to traditional stablecoin offerings such as Circle’s USDC, niche stablecoins are also entering the ecosystem. Earlier this week, gaming operating system Playtron announced plans to launch its own programmable stablecoin specifically for its gaming infrastructure.

The stablecoin surge comes as SUI is rallying, outpacing a majority of the altcoin market amid Bitcoin’s recent rally back to $97,000. The chain’s total value locked (TVL) is also pushing back up, reaching within 20% of its previous all-time high of $2.08 billion. Sui’s TVL is currently $1.72 billion.

DeFi protocols on the chain, specifically lending protocols Suilend and NAVI, have experienced strong growth over the last month, with both protocols' TVL growing by more than 60% in 30 days.

Meanwhile, daily active addresses are up significantly since the beginning of the year, with roughly 1.4 million daily active users (DAU), compared to just 630,000 on Jan. 1. The metric reached as low as 400,000 at the beginning of February, according to Artermis Terminal.