Altcoins News

Story: SUI Rebounds to $1.76B TVL and Emerges as Next Layer 1 Leader

By James Thorp

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SUI has made a strong comeback following a recent exploit, with its total value locked (TVL) increasing by $300 million to reach $1.76 billion.

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Institutional interest is also rising, with $317.2 million in exchange-traded product (ETP) assets backing SUI, signaling growing trust and long-term commitment from investors.

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Despite the setback from the Cetus exploit, SUI has shown remarkable resilience. The rapid increase in TVL demonstrates that users and investors are once again placing their…

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Michael van de Poppe, a prominent market analyst, views SUI’s recent price action as a consolidation phase rather than a bearish sign.

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In fact, some analysts believe SUI has overtaken Solana in the current Layer 1 competition. They expect this trend of outperformance to continue for the next 12 to 24 months,…

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Institutional backing has played a crucial role in SUI’s recovery and growth. Swiss-based asset manager 21Shares introduced a SUI exchange-traded product (ETP) on major European…

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Since the ETP’s start in July last year, SUI’s price surged over 350%, attracting interest from both retail and institutional investors alike.

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According to CoinShares, SUI-related ETPs have amassed $317.2 million in assets as of May 26.

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SUI’s swift recovery after the exploit highlights the project’s solid fundamentals and resilient ecosystem.

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As we move into the second half of 2025, SUI remains a major player to watch in the Layer 1 blockchain sector.

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