In 2025, a 'rebirth counterattack' drama is being staged in the crypto market — the protagonist is the Sui network.
From the hacker attack in May and the subsequent TVL crash, to the current market cap soaring to $14.7 billion, TVL hitting a new high, code activity returning to its peak, and trading volume surging, SUI proves with solid data: the black swan is not the end, but rather the starting point towards mainstream narrative.
💥 The price of SUI has shown a strong four-day rise, with a market cap ranking 11th globally
On July 28, the price of SUI briefly broke through $4.44, reaching a new high since early 2024, with a monthly increase of up to 53%. It has risen for four consecutive days since July 24, and the weekly chart has also shown a four-day increase.
Current market cap: $14.7 billion, ranking 11th in global crypto asset market cap
FDV has reached: $43.048 billion, becoming one of the most noteworthy Layer 1 assets
🧨 After the hacker attack, the ecosystem rebounded: TVL hit a historic high, DEX trading exploded
In May 2025, Cetus, the largest DEX protocol in the Sui ecosystem, was attacked, resulting in a loss of up to $223 million, which once triggered market panic.
But in just two months, Sui has delivered results with data:
📈TVL soared from a low of $1.538 billion to $2.296 billion, setting a new historical record
💱In the past 24 hours, DEX trading volume reached $550 million, with Cetus accounting for $225 million
💸 USDT daily net inflow increased by 21%, with stablecoin market cap approaching $1 billion
This means that fund inflows + increased trading activity + community rebuilding confidence have enabled Sui to shake off the shadow of the hacker incident and enter an accelerated growth phase.
💼 NASDAQ listed company takes action! Lion holds over a million SUI
Web3 is no longer an in-circle game; SUI is becoming the new darling of traditional capital.
NASDAQ listed company Lion Group (LGHL) announced the purchase of 1,015,680 SUI, currently valued at approximately $4.31 million
As early as June, the company had purchased emerging assets such as SOL, HYPE, and SUI
The US listed company Everything Blockchain is also preparing to increase its holdings of SUI
Although Lion itself is a micro-cap company, the symbolic significance of this operation is very strong: SUI is becoming one of the assets allocated by traditional financial institutions.
📊 Active code submissions, improved ecosystem transparency, and a noticeable return of developers
Terminal data shows that the number of code submissions in the Sui ecosystem quickly recovered to a high level after a brief decline in May, indicating that developers' confidence in Sui has not diminished, but rather has driven the ecological governance towards more open-source and transparency due to the crisis.
The Cetus team also announced that they will gradually open up the protocol code to reduce centralization risks, in response to previous community concerns about asset freezing mechanisms.
🏛 SUI spot ETF under review, with a 60% approval probability indicating long-term benefits
In March 2025, Canary Capital submittedSUI spot ETF application
SEC review process has started, with the longest review period being 240 days
The SUI ETF submitted by 21Shares has also entered the process
According to Bloomberg ETF analyst Eric Balchunas, the probability of SUI ETF approval is expected to reach 60%. If it opens for inflow like Bitcoin and Ethereum ETFs, it will have a huge positive impact on market confidence.
More notably: VanEck expects SUI to ultimately occupy a 5.5% share of the L1 market, with a market cap potentially reaching $61 billion, and the price could reach $16 at that time.
📣 KOLs are collectively calling for SUI, could it ignite a new cycle in the altcoin bull market?
In terms of market sentiment, several KOLs have voiced their support:
‘SUI should be aiming for a new high’ — Twitter KOL
Currently, just before a new round of altcoin bull market explosion, SUI is expected to continue leading the new cycle with strong consensus, data recovery, capital support, and ETF expectations, becoming one of the most promising Layer 1 assets in 2025.
✅ Summary: SUI is no longer the new public chain that 'needs opportunities,' but is now the main character standing at the center of the crypto stage.
From hacker strikes to ecological reshaping, from capital favor to ETF potential, from TVL explosions to four-day price increases, SUI is providing confidence for the entire market with a beautiful counterattack, also writing a strong example of its resurgence.
Next stop, will SUI become the 'next Solana'? It's worth your continued attention.