Sui Price Hits New ATH as TVL Surges

Sui’s price recently surged to a new all-time high (ATH) of $5.35, reflecting strong growth for the layer 1 blockchain designed for digital asset ownership. This price jump is part of a broader market uptrend, with Sui’s token rising more than 20% in the past week, although it has slightly pulled back in the past 24 hours, trading at around $5.21. The token’s daily trading volume has also dropped by 3.2% to approximately $1.4 billion.

The price surge follows a successful 2024 for Sui, which ended on a positive note thanks to significant developments in the decentralized finance (DeFi) sector. Notable milestones for Sui included the release of DeepBook V3, Sui Bridge, and growing institutional interest. A key factor in Sui’s rise was its inclusion in Grayscale’s crypto product suite, with SUI being part of the Sui Trust, which is open to accredited investors. This endorsement by Grayscale helped fuel the token’s upward trajectory.

Another key driver behind Sui’s recent success has been the explosion in Total Value Locked (TVL) within the ecosystem. Sui’s TVL has surged from $1.75 billion at the end of 2024 to over $2.6 billion in the first week of 2025, marking a significant leap from just $242 million in January 2024. This surge indicates increasing confidence and engagement within the Sui network, particularly from DeFi applications.

Additionally, the broader DeFi market has been buoyed by optimism following significant political events in the U.S., such as Donald Trump’s victory in the presidential election and his pro-crypto stance. The departure of Gary Gensler, the chair of the U.S. Securities and Exchange Commission, has also fueled the bullish sentiment surrounding DeFi projects, further benefiting tokens like SUI.

Overall, Sui’s continued growth, driven by institutional support and developments within DeFi, signals a strong start to 2025 and positions the project for further momentum in the coming months.