In July, $SUI confirmed itself as one of the top-performing tokens, as shown in the Top 20 market capitalization chart. Leading the way is a “monster” rally by Stellar, with a +92% increase, followed by Ethereum at +53%. Further down, we find SUI with an impressive +50% gain for the month.
Currently, SUI has a market capitalization of $14.22 billion, placing it at 12th position globally, just ahead of Stellar, which follows with a market cap of $13.9 billion.
SUI Hits Record TVL as DeFi Growth Accelerates
As of July 2025, SUI has reached new milestones in the DeFi sector. The Total Value Locked (TVL) surpassed $2.1 billion, marking an all-time high and placing the blockchain among the top 10 globally by value locked. DEX volume exceeded $10.3 billion (+658% month-over-month), indicating rapid adoption by users and institutions alike.
Major mainnet upgrades and the launch of over 40 new dApps during the Sui Overflow 2025 hackathon have boosted developer activity. The unlock of 44 million tokens (worth approximately $122 million) did not negatively impact the token’s price.
The integration of zkLogin technology, combined with a unique object-based blockchain architecture, continues to attract developers. The launch of high-frequency DeFi trading on Bluefin has further increased institutional interest.
Rally and ATH Between Summer 2024 and January 2025
This combination of factors has helped maintain positive sentiment around SUI, even within a broader market undergoing corrective phases.
On the weekly chart, we can observe SUI’s price trend beginning in the summer of last year, when the token hit a local low around $0.46 USDT. From there, an autumn rally began, pushing SUI to its all-time high (ATH) of $5.3687 USDT in early January 2025, a gain of around +1000% in just five months.
April Low and the Rebound
Following the ATH, a correction phase began, turning into a sharp drop that saw SUI hit a low of $1.7174 USDT in April. From this level, a strong rebound started, pushing the price toward the target resistance at $4 USDT, which was highlighted in our May 4 analysis.
SUI consolidated around this level for a couple of weeks before entering a new correction, which led to six consecutive red weekly closes, bottoming out at $3.1589 USDT in mid-June.
On the daily chart, we can see the price action from the June low and the subsequent rebound. About ten days ago, SUI once again tested the resistance near $4 USDT, hitting a high of $4.248 USDT before pulling back.
Three days ago, the price dropped by −7.27%, approaching the support zone at $3.5060 USDT, which we had already highlighted in our July 14 update. From this level, a new rebound began, pushing SUI above recent highs, into the $4.2 USDT range. The next target is projected at $4.50–4.60 USDT.
In terms of technical indicators, the rising RSI confirms the strength of the trend and is nearing overbought territory. As we know, this is a signal of trend strength, not necessarily an indication of an imminent reversal.
