SUI TVL at all-time high: “Bullish breakout to $7”

SUI's total value locked (TVL) is at an all-time high. Currently, over $2.15 billion (660 million SUI) is locked in DeFi contracts on SUI.
In addition to the growing popularity of SUI, the increase in TVL could also be related to the launch of two new SUI stablecoins. The Sui Foundation, together with Ethena, has launched the stablecoins suiUSDe and USDi.
TVL stands for Total Value Locked, a metric that summarizes the total value locked in all DeFi contracts on a blockchain. By comparison, the world's largest smart contract blockchain, Ethereum, has a TVL of $92 billion.
SUI has gained 90 percent year-on-year – in addition to growing interest from DeFi, progress on a SUI ETF is also providing momentum. Canary Capital had already submitted an application for this in March.
Trader Ali expects a breakout to seven US dollars with the current technical setup – which would even be above the all-time high of 5.35 US dollars.

This looks like the prime zone to buy $SUI before the bullish breakout to $7. pic.twitter.com/Z5kqlXmyj4

— Ali (@ali_charts) September 30, 2025

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