Sui (SUI) climbed 4.4% in the last 24 hours to $1.23, as interest in the blockchain’s payment-focused vision continues to grow. The move follows comments by Mysten Labs co-founder Adeniyi Abiodun, who shared new details on Sui’s strategy centered around payments, stablecoins, and AI-driven transactions.
Sui’s Position in Payments and Market Data
Mysten Labs, the developer behind Sui, aims to build the blockchain as a payment infrastructure rather than a typical Layer 1 protocol. In a recent interview, Abiodun stated that Sui’s long-term ambition is to replace legacy networks like SWIFT, the global system for interbank transactions.
SUI currently holds a market capitalization close to $5 billion. Over the past day, trading volume reached $878 million, with the token fluctuating between $1.17 and $1.26.
Abiodun emphasized that Sui’s approach is unique among major smart contract platforms, citing the network’s capacity for high-speed and cost-efficient transfers. He highlighted the importance of seamless payments and a robust stablecoin ecosystem in achieving scale.
Sui has processed more than $1 trillion in stablecoin transactions since August 2025, underscoring its role in digital payments infrastructure.
Technical Levels and Analyst Perspectives
Trader Ali Martinez identified $1.27 as a critical resistance point for SUI. According to Martinez, since September 12, SUI has repeatedly consolidated in parallel channels before breaking upward.
An hourly close above $1.27 could confirm another bullish breakout, creating the potential for further upside.
Despite multiple attempts, SUI has yet to decisively surpass $1.27, recently reaching a high of $1.26. On the weekly chart, SUI trades above its upper Bollinger Band at $1.19, with the 20-week middle band at $0.83. The Relative Strength Index sits at 58.7, signaling moderate momentum but not overbought conditions.
Celal Kucuker, another analyst, commented that a bull flag pattern is nearing resistance. He suggested a breakout this month could bring the $2 level into view, while a future bull market could push SUI above $10.
| Metric | Current Value | Key Level/Range |
|---|---|---|
| Current Price | $1.23 | $1.17 – $1.26 (24h range) |
| Resistance Level | $1.27 | Potential breakout |
| Market Cap | ~$5 billion | – |
| Trading Volume (24h) | $878 million | – |
| Weekly Bollinger Band (Upper) | $1.19 | – |
Sui’s Payment Ecosystem and AI Collaboration
The Sui Foundation reported that the network surpassed $1 trillion in stablecoin transfers since August 2025. Additionally, Sui implemented gasless stablecoin transfers, allowing users to transact without holding SUI for fees. The network’s native stablecoin, USDsui, reached $75 million after its March launch via the Stripe-owned Bridge platform.
Payments firm Daya integrated Sui as a settlement layer for its enterprise services in Nigeria and plans to expand to other African markets. RedotPay also joined, offering support for SUI and native USDC on the Sui blockchain.
Google recognized Mysten Labs as a collaborator in AP2, its open protocol for AI-driven payments. The project includes over 60 participants, such as Mastercard, PayPal, and Coinbase, and aims to advance programmable AI payment solutions.
Sui continues to develop AI tools, including Walrus for storage, Seal for access controls, and Nautilus for verifiable computing. In July, Sui’s infrastructure achieved a test peak of more than 6 million transactions per second, reflecting its scalability for advanced payment use cases.
Mini dictionary: Mysten Labs is a technology company known for founding and developing the Sui blockchain, a Layer 1 protocol emphasizing high-speed, low-cost transactions and programmable digital asset management.
DefiLlama currently places Sui’s total value locked (TVL) in DeFi at around $550 million, with the stablecoin market cap near $482 million. The network processed roughly 25.3 million transactions in the last day.
SUI is now consolidating near $1.23. A move above $1.27 may trigger renewed bullish momentum, while a reversal below $1.19 could signal further consolidation within the prevailing range.
