TLDR:
- Walrus Protocol and Nautilus Extend Sui Infrastructure with Programmable Storage and Verifiable Computing (104 characters)
- Partnership with Google Cloud positions Sui as foundational layer for automated, programmable payment systems (105 characters)
- Multiple institutional ETF filings from Canary Funds, 21Shares and Grayscale indicate growing market interest (105 characters)
- Network TVL Reaches $930 Million with Daily DEX Volume Reaching $409 Million, Up 232% YoY (100 Characters)
Sui Network has transformed its position in the blockchain space during 2025, moving beyond theoretical advantages to offer functional infrastructure and attract serious institutional attention.
The platform recorded over $930 million in total value locked in decentralized finance applications while processing $409 million in average daily decentralized exchange volume.
The number of network validators grew alongside business partnerships with Google Cloud and Korean payment systems. Asset manager Grayscale launched multiple Sui-focused products, while Canary Funds filed for the first spot SUI exchange-traded fund.
Technical infrastructure expands across storage and privacy layers
The network introduced the Walrus protocol for programmable decentralized storage during the year. Developers can now use Move smart contracts to control data storage, access permissions, and monetization rules.
Game developers benefit from unified storage for game states and media assets on the same programmable layer. Frontend applications can operate under the governance of the same smart contracts that manage backend logic.
Seal arrived as a decentralized key management service that addresses sensitive on-chain data needs. The system encrypts information that becomes decryptable only when specific blockchain conditions are activated.
Nautilus implemented trusted execution environments for verifiable off-chain calculations. Complex calculations are executed off-chain, while Move contracts verify results on-chain without exposing underlying data or proprietary logic.
DeepBook expanded its role as a native liquidity layer by adding permissionless pools and revised fee structures. The cumulative trading volume exceeded $16 billion across the entire protocol.
The Mysticeti v2 consensus engine reduced latency by 35 percent in Asian markets and 25 percent in European nodes. These improvements addressed transaction completion speeds for shared object interactions that require full consensus validation.
WBTC’s native integration via BitGo and LayerZero brought Bitcoin exposure directly to Sui’s rails. According to X analyst Ashthe platform moved from claiming higher performance to creating “true full stack” capabilities spanning storage, privacy, compute, and identity systems.
The object-based architecture allows property object transactions to avoid global state ordering and be processed in parallel without competing for shared resources.
Enterprise offerings and fund products indicate broader adoption
Google Cloud selected Sui as a launch partner for its Agent Payments Protocol standard. The collaboration positions the network as infrastructure for automated and programmable payment systems.
Korean table-ordering platform t’order chose Sui to build a KRW stablecoin payment system serving restaurant customers. Financial institutions showed greater interest through the launch of regulated products.
Grayscale introduced DeepBook Trust, Walrus Trust and Grayscale Sui Trust to provide institutional investors with compliant exposure options.
The company subsequently decided to convert GSUI into a spot ETF structure. 21Shares listed TXXS, a leveraged SUI product, on Nasdaq. Bitwise added SUI to its 10 Crypto Index ETF alongside established cryptocurrencies.
The ecosystem supports over 200 decentralized applications with $6.01 billion in stablecoin market capitalization. Money market protocols Suilend, Navi and Scallop control the majority shares of the total value locked.
Perpetual stock trading is concentrated in Bluefin and Aftermath Finance. Spring controls 61 percent of the value of the liquid staking token and maximum deposits reach $378 million.
Decentralized exchange competition includes DeepBook, Cetus, Turbos, Magma and Ferra that operate through order book models and automated market makers. Consumer applications span NFT marketplaces and gaming platforms.
The analyst noted that Sui appears among the few layer one networks that prioritize the performance of ecosystem tokens, citing DeepBook, Haedal, Ika, and Overtrade as examples. Long-term success depends on whether apps retain users beyond initial waves of adoption.
