Here’s why Sui price is soaring over 8% following Bitcoin integration

The price of Sui (SUI) has surged by more than 8% following a significant development involving Bitcoin. On February 4, 2025, Sui’s price jumped to $3.37 after the announcement that Wrapped Bitcoin (wBTC) is now supported on the Sui network through the Sui Bridge. This integration allows Bitcoin, which was traditionally confined to networks like Ethereum, to now be utilized on the Sui blockchain, marking a major step for the growing BTCfi (Bitcoin in decentralized finance) sector within Sui’s ecosystem.

According to a blog post from the Sui team, this integration turns wBTC into a “fully composable asset,” meaning users can now do much more than just hold Bitcoin. They can lend, borrow, trade, and utilize wBTC across multiple decentralized finance (DeFi) applications on the Sui network, such as Bluefin, Navi, and Suilend. These developments are seen as a move to bring Bitcoin into the DeFi fold in a way that goes beyond its traditional use as a store of value.

The integration of Bitcoin into Sui’s ecosystem has sparked optimism among analysts, who view it as a major advancement for the blockchain. Patrick Bush from VanEck has commented that Sui, with its active developer base of around 280, could potentially compete with major blockchain platforms like Ethereum and Solana. Bush has also predicted that by the end of 2025, Sui’s price could rise significantly, reaching $16, a 326% increase from its current price.

However, Bush also warns that Sui still faces challenges on its path to long-term success. For one, it needs to strengthen its business development efforts and create a cohesive strategy that integrates its technical advancements with ecosystem growth. Additionally, concerns remain about whether Sui’s infrastructure has been adequately stress-tested to handle the complex operations that might come with widespread adoption.

While the future for Sui looks promising with this new integration, the platform will need to address these challenges to ensure sustainable growth and adoption in the competitive blockchain space.