According to Milk Road, stablecoins on Sui Network are currently hovering near all-time highs at $883.06 million, signaling increased anticipated blockchain activity. As reported on April 29, 2025, this surge in stablecoin printing is a historically strong indicator of future growth and liquidity on the protocol. For traders, elevated stablecoin reserves often precede heightened trading volumes and ecosystem expansion, making Sui Network a potential hotspot for upcoming trading opportunities (source: Milk Road on Twitter, April 29, 2025).

According to Lookonchain, the $SUI price has surged by 60% over the past week, driven by a 38% increase in Total Value Locked (TVL) to $1.645 billion and a significant rise in daily DEX volume, which reached $599 million—a 177% increase from last week. This growth in TVL and trading volume indicates a strong bullish sentiment and increased investor confidence in the $SUI ecosystem. Additionally, the rapid growth of stablecoins on the Sui network over the last two months supports the upward price movement, suggesting a robust DeFi expansion. [Source: Lookonchain]

According to @phantom, traders can now seamlessly import their existing Sui Network wallets into the Phantom wallet interface. This integration may enhance trading efficiency by allowing users to manage multiple blockchain assets within a single platform. The announcement highlights the growing trend of interoperability among crypto wallets, potentially influencing market liquidity and user engagement. Additionally, this could impact trading strategies by providing easier access to diverse assets. Source: @phantom.