Sui Network Surpasses Larger Rivals in Wallet Creation and Trading Volume

Sui Network has witnessed explosive growth since mid-February, with daily new wallet creation exceeding 1 million addresses. This represents more than 80% of total daily active addresses, outpacing larger competitors like BNB Chain.

According to data from blockchain analytics firm Artemis, Sui's daily active addresses have consistently remained above 1.5 million since the growth began. In contrast, BNB Chain averages around 1 million daily active addresses despite having a market capitalization seven times larger than Sui's.

The ecosystem is showing substantial growth across multiple metrics, with decentralized exchange volume maintaining steady momentum throughout 2025. Daily trading regularly exceeds $400 million, according to data from DefiLlama. The stablecoin market cap on Sui has doubled since January, now surpassing $900 million, marking the highest level in the network's history.