Sui’s Stablecoin Volume Goes Over $100 Billion in August

• The Sui ecosystem’s DEX volume has topped $130 billion
• In early August, Sui surpassed over $1 trillion in stablecoin transfer volume, which represents a huge milestone
• The unlock of 44 million SUI tokens (approximately 1.25% of its circulating supply) is scheduled for September 1

Sui has officially crossed $100 billion in stablecoin transfers in August alone, marking a new acceleration in on-chain usage. It is positioned above its competitors, such as Arbitrum (roughly $87 billion), Polygon (approximately $75 billion), and others, showing its growing dominance in blockchain scalability.

This is a big deal for ecosystem engagement since stablecoin activity frequently serves as a driver for DeFi protocols, NFT trading, and various payment systems.

Additionally, the Sui ecosystem’s DEX volume has topped $130 billion, driven by fast, low-cost transactions via its object-centric and parallel execution architecture.

Related: How to Create a Token on the Sui Network: A Step-by-Step Guide

With daily DEX volume, TVL (Total Volume Locked), and active user metrics all surging, Sui continues to attract institutional attention. This includes a robust DeFi TVL exceeding $2 billion and Sygnum Bank now offering SUI custody services.

Speaking of SUI, it’s wrestling with short-term volatility, with its price dropping about 2.5% compared to yesterday. The token is currently hovering around $3.37.

Sui reached a notable milestone

In early August, Sui surpassed $1 trillion in stablecoin transfer volume, which represents a huge milestone. 

This big a number suggests that users are conducting a high volume of transactions with stablecoins, whether for moving funds, trading, lending, or engaging with DeFi platforms. What’s more, such a level of activity points to the network’s role as a foundational infrastructure for decentralized finance.

When we take into account this milestone, August stablecoin transfers, DEX volume, and institutional adoption, Sui’s ecosystem shows consistent health and on-chain strength. 

Related: Sui (SUI) Jumps 8.6% After Integration With Swiss Bank Sygnum

Plus, from a technical point of view, it looks like Sui’s high TPS (transactions per second), parallel processing, and advanced Move smart contracts are attracting developers seeking speed and low fees.

As for blockchain’s native token SUI, even with the current volatility, the price forecasts remain bullish with potential upside toward $5, as usage grows and unlock events subside. We’ll have to see if such a prediction is too optimistic, but the fact remains that over $159 million in SUI tokens will be unlocked soon, and events like these are generally always making a big impact.

Still, the price can go either way after the unlock, depending on whether users flock to sell or if they keep steady. Either way, the unlock of 44 million SUI tokens (approximately 1.25% of its circulating supply) is scheduled for September 1.