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Reading: SUI price drops 70 percent while user numbers soar
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COINTURK NEWS > SUI > SUI price drops 70 percent while user numbers soar
SUI

SUI price drops 70 percent while user numbers soar

In Brief

  • 🚨 SUI token price plunged 70 percent but user activity remains strong.

  • Three leading ETFs now let investors earn in $SUI without direct holdings.

  • 🔎 Critical data: SUI network hit 1.5 billion transactions and over $1 trillion in stablecoin transfers.

Ömer Ergin
Ömer Ergin 48 minutes ago
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Despite a broad downturn across crypto markets, the SUI blockchain network continues to hit new records and drive infrastructure development. Since the beginning of the year, SUI has attracted significant interest from institutional investors and logged major strides in transaction volume. Even as its token saw a sharp price correction, SUI managed to sustain high numbers of users and on-chain transactions.

Contents
Institutional investment and new productsNetwork stats show resilience and growth

Institutional investment and new products

At the start of 2026, SUI became the fourth layer-1 blockchain in history to be traded on the Chicago Mercantile Exchange (CME), one of the world’s largest futures markets. This breakthrough was soon followed by the launch of a spot crypto Exchange Traded Product (ETP) for SUI in February 2026, expanding the network’s reach deep into traditional finance circles.

With the introduction of three new staking ETFs from Grayscale, Canary Capital, and 21Shares, investors now have the option to earn yields on the SUI blockchain without directly holding its tokens. These ETFs lowered the barrier for conventional investors looking for passive income from crypto assets.

During this period, SUIG—a publicly traded firm in the US—moved all of its 108.7 million SUI tokens into staking by locking them, signaling robust institutional confidence in the ecosystem.

Glossary: The CME (Chicago Mercantile Exchange) is one of the world’s largest derivatives markets. Listing a crypto asset on CME means it passes regulatory scrutiny and becomes accessible to institutional investors.

In the same timeframe, subsidiary Bridge of fintech giant Stripe launched the USDsui stablecoin, introducing a regulated, dollar-backed asset for transactions across the SUI network.

While most of the crypto industry focused on falling prices, developments on the SUI ecosystem showed major investments in infrastructure and institutional products taking place behind the scenes—a sign that the network is moving beyond speculative hype.

Network stats show resilience and growth

Although SUI’s total value locked (TVL) shrank from $2 billion to about $500 million, this drop mainly tracked a 70 percent decline in token price. Outflows from the network remained limited, and stablecoin holdings on SUI held steady at the $500 million mark.

As of March 2026, stablecoin transfers on the SUI network exceeded $1 trillion in total. With 232 million users and 1.5 billion transactions, SUI ranked among top blockchains for both user base and transaction volume.

Analyst Michaël van de Poppe noted that SUI’s network revenues have flowed uninterrupted since launch, attributing lower volumes to the broader market climate. He highlighted a recent trend of positive divergence in SUI/BTC pairs.

Among other technical upgrades, the Hashi bridge went live, supporting direct use of Bitcoin as collateral on SUI without the need for ‘wrapping.’ More than 20 institutions joined this protocol on its first day.

Another key improvement came with the Mysticeti consensus algorithm, boosting the network’s transaction finalization speed from one to four per second, and significantly enhancing scalability.

Even as prices dipped, SUI’s roadmap underscored uninterrupted momentum in innovation and institutional engagement. In this challenging climate, SUI stands as one of the few layer-1 projects balancing technological growth with sustained professional interest.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 21 May, 2026 - 1:11 pm 21 May, 2026 - 1:11 pm
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