ON–332: Sui Mega Issue 🌊
Coverage on Network Overview, Walrus, DeFi Overview, BTC on Sui, Gaming
📝 Editor’s Note: Setting the Scene
Welcome to OurNetwork's latest issue on Sui, a high performance blockchain with potential to enable over 250,000 transactions per second.
A lot has happened since our last issue covering the network in November. Sui has found momentum with its BTFfi ecosystem as holders of crypto’s most valuable digital asset look to generate yield. BTC-pegged assets already make up over 10% of total value locked (TVL) on Sui.
In broader DeFi, new exchanges, like STEAMM and Magma Finance, have launched on Sui as well.
Still more broadly, SuiPlay0x1, Web3's first handheld gaming device that's integrated with Sui, has generated over 9,000 preorders, as the network’s consumer ecosystem gains steam. Readers have a chance to dig into the above and more in Dubai next month during Sui’s flagship global conference, Sui Basecamp 2025.
Let’s get into it.
– ON Editorial Team
👥 Website | Dashboard
📈 Sui Grows in Monthly Active Addresses, Daily New Wallets, and App Activity
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible to everyone. Sui has seen a tremendous rise in monthly active addresses since mid-February. Where this metric had averaged around 10M, it experienced a measured and consistent increase to over 40M as of mid-April 2025, suggesting new projects built on Sui continue to attract sustained user bases.
Coincident with the sustained increase in monthly active addresses, Sui is picking up a substantial number of new users, as reflected by new wallet addresses. At the mid-Feb inflection point, new addresses went from about 150,000 per day to over a million per day and continues to maintain that rate.
Quick Links: Disclosures
