Sui Jumps Nearly 50% in a Week on Rising Institutional Demand, Feature Optimism

Layer-1 blockchain Sui has surged nearly 50% over the past week, drawing renewed attention from the market.

Cointelegraph reported on May 11 that Sui climbed to as high as $1.41 intraday after trading at about $0.94 on May 4. Trading volume also spiked over the same period, rising from around $200 million to more than $2.5 billion as buying momentum accelerated.

The rally appears to have been driven by a combination of growing institutional participation and optimism over new features. Reduced token supply has emerged as a key factor. Nasdaq-listed SUI Group Holdings staked all of its roughly 108.7 million SUI tokens, valued at about $143 million, cutting the amount available for trading and helping fuel the advance.

Expectations for broader real-world use also added support. African payments infrastructure company Paga recently said it plans to work with the Sui network on cross-border payments and stablecoin-based services. The partnership highlighted potential applications in institutional and real-world payments, bolstering investor sentiment.

The network also got a lift from new technical plans. Mysten Labs co-founder Adeniyi Abiodun disclosed plans to introduce zero-fee stablecoin transfers and privacy-preserving transaction features. The additions would strengthen both payment efficiency and security, reinforcing expectations for further ecosystem growth.

Sui was trading at $1.29 on Binance's USDT market, up 20.41% from a day earlier.