Sui Sui is a new, permissionless Layer 1 blockchain that launched in May 2023. Founded by ex-Meta engineers at Mysten Labs, it has rapidly climbed the ranks to become one of the biggest ecosystems in decentralized finance (DeFi). The growth in the DeFi sector has been astronomical. The Total Value Locked (TVL) shot up from around $25 million at inception to over $2 billion by the end of May 2025. This extraordinary growth trajectory further highlights Sui’s rising significance and adoption within the blockchain ecosystem.
By June 2025, Sui’s DeFi TVL had already exceeded $1.7 billion, overtaking even more established projects such as Avalanche and Polygon. This milestone furthers our belief in Sui’s potential to outpace and surpass current ecosystems. The blockchain’s cutting-edge infrastructure and intuitive resources are just a few of the features. This has been the driver of its meteoric rise and moonshot success amongst DeFi developers and users.
Developer-Friendly Environment
Notable among them, Sui sets itself apart with a strong developer-first focus. This is everything from the Sui CLI, Sui VSCode extension, Sui JS (TypeScript SDK), huge documentation, guides, tutorials, sample code. These resources allow developers to quickly create and introduce decentralized applications (dApps) on the Sui blockchain of their choice.
The platform additionally provides channels of strong support to help developers get started, including a developer forum, weekly office hours and a Telegram channel. These new channels provide developers with unique access to expert guidance. They provide exceptional community support that promotes collaboration and innovation throughout the entire Sui ecosystem. This unwavering dedication to helping developers succeed makes all the difference. It welcomes the best talent and propels the expansion of Sui DeFi industry.
Sui's core design philosophy prioritizes a seamless user experience (UX) and a developer-friendly environment to drive adoption beyond crypto natives. Additionally, Sui emphasizes user-friendliness and accessibility. This inclusionary strategy is designed to draw a wider net to the promise of decentralized finance. This user-centric approach will lay the groundwork for long-term sustainability and growth of the Sui ecosystem.
Interoperability and Key Integrations
Sui partners with leading interoperability protocols like Axelar and Wormhole. This partnership provides for the frictionless transfer of value and information across any blockchain, including Ethereum and Solana. These integrations allow for seamless interaction with other blockchain networks, widening the reach and utility of Sui-based DeFi applications. This connectivity is essential for promoting a cohesive and cooperative blockchain community.
The platform has a great variety of wallets that further improve its ecosystem. Wallets Phantom Slush (SUI Wallet) Backpack Ledger Binance Wallet Coinbase Wallet SafePal Bybit Wallet Suiet Wallet Martian Wallet Ethos Wallet These wallets are a part of the diverse wallet ecosystem on Sui, giving users more options and control over their assets. Offering various wallet solutions is a huge boon to user experience, driving wider adoption of the Sui blockchain.
By catering to the already-established players and focusing on interoperability, Sui is able to de-risk the platform. This strategic orientation not only attracts abundant capital, but it helps legitimize Sui’s position on the global digital asset playing field. By partnering with reputable organizations and prioritizing interoperability, Sui aims to build a robust and sustainable ecosystem that can withstand the challenges of the rapidly evolving blockchain industry.
DeFi Innovations on Sui
Sui is the residence of many innovation DeFi projects that are pushing the growth of its ecosystem. As a Superfluid AMM, STEAMM efficiently accommodates multi-token swaps directly on the exchange. This novel technique in automated market making dramatically improves liquidity depth and order execution quality for Sui users. Here’s a closer look at what makes STEAMM so special, as it finds a perfect fit in the Sui DeFi ecosystem.
Haedal Protocol also provides haSUI, a liquid staking protocol. It is quickly expanding its use through integration across all the major exchanges and DeFi platforms. With liquid staking, Sui token holders can generate yield on their staked assets. Simultaneously, it allows them to maintain their investments liquid, which is what makes it such an attractive option. Haedal Protocol’s increasing popularity is playing an important role in strengthening the growth and stability of the Sui DeFi ecosystem.
Scallop, a crypto-based lending and borrowing platform, takes it a step further by creating a global money market providing high-interest lending and low-fee borrowing. This innovative platform allows you to earn a higher yield on your assets by lending them out to borrowers. On top of that, you can borrow assets for more varied purposes. Thanks to Scallop’s rich feature set and competitive rates, it is quickly becoming the go-to DeFi platform for users on the Sui blockchain.
KriyaDEX (KDX) is the first ve decentralized exchange + token launch platform on Sui. From lending and borrowing to staking and liquidity pools, Suilend provides a comprehensive suite of DeFi solutions, positioning itself as a “one-stop-shop” for users.
Stablecoin Growth and Enterprise Partnerships
Sui’s stablecoin volume has skyrocketed! It boomed from $400 million in January to almost $1.2 billion by May 2025. The monthly stablecoin transfer volume is over $70 billion, reflecting robust demand for stablecoin-based transactions on the Sui blockchain. This climb is indicative of the rapid adoption of Sui as an ecosystem for stablecoin-based activity.
Sui’s strategic partnership with Microsoft sets up the blockchain for further integration within enterprise-facing applications. This partnership opens up a host of new opportunities for Sui across business verticals. It can serve as a powerful catalyst to spur further adoption and growth. Beyond the developer-related implications, the deal with Microsoft helps bolster Sui’s credibility and visibility within the broader technology industry.
