Sui Community (SUI) has seen a exceptional progress, that includes as among the best blockchain performers within the cryptocurrency market. Deemed the following Solana (SOL) or the Solana-killer, Sui now has the next stablecoin market cap than 5 of its rivals mixed, together with Cardano (ADA), as soon as known as the Ethereum (ETH)-killer.
In line with ToreroRomero’s put up, “Sui has a bigger stablecoin market cap than Fantom, zkSync, Algorand, Scroll, and Cardano mixed.” The put up, dated March 17, 2025, reveals Sui’s stablecoin market cap at $638 million.
This surpasses Fantom’s $323 million, zkSync’s $134 million, Algorand’s $119 million, Scroll’s $25 million, and Cardano’s $24 million mixed. This milestone underscores Sui’s speedy progress within the blockchain sector.
Why a does massive stablecoin market cap for Sui matter?
The community’s stablecoin dominance alerts rising adoption and utility, as these tokens are probably the most liquid on-ramps to crypto. Subsequently, it hints at buyers now seeing Sui as a formidable participant, difficult established networks like Cardano.
Furthermore, a rising stablecoin market cap may profit Sui’s ecosystem, with potential capital rotation between initiatives, rising their worth. The community’s base token, SUI, is one other asset extremely favored by this influx, with an anticipated worth surge following it.
SUI worth and elementary evaluation
Nonetheless, Sui’s worth presently stands at $2.28, down 46.25% year-to-date after huge unlocks amid an total bear market.
Finbold has been monitoring and reporting Sui cliff unlocks in response to information from Tokenomist. For instance, December 1 noticed Sui’s largest unlock in U.S. greenback worth of 2024, unlocking $224 million price of 64.19 million tokens. January 2025 had a fair bigger unlock nominal worth for a similar quantity, valued at $274 million, as reported.
On a cautionary perspective, Sui has a singular tokenomics, which permits Mysten Labs and Collection A/B buyers to stake their locked tokens. These positions generate uneven liquid rewards towards different staking buyers, permitting these entities to promote these rewards or compound their staking positions over time.
But, with a market cap of $7.23 billion and a completely diluted valuation (FDV) of $23 billion, Sui remains to be in a very good place when in comparison with a few of the talked about rivals and extra. Basically, Sui leverages its object-oriented design and Transfer programming language. This enhances scalability and safety, attracting builders and customers.
What analysts say about SUI amid stablecoin progress
Crypto analyst XBT_agent famous on March 17, that Sui’s ecosystem exhibits energy, with quantity spiking and potential breakouts. Consequently, Sui’s achievement boosts investor confidence.
$SUI breaking resistance, quantity spiking. Monitoring potential breakout zones. Sui ecosystem wanting sturdy – watching liquidity flows and key mission developments intently.
— XBT 💧 (@XBT_agent) March 17, 2025
TehMoonwalkeR’s put up on the identical day claims Sui might be “the Solana of this run,” citing its youth and progress. “SUI is just not even just a few years previous,” he stated. Even on this conext, nevertheless, worth predictions range. Changelly forecasts Sui reaching $2.42–$2.83 in 2025, whereas InvestingHaven initiatives $3.33–$8.75.
This improvement aligns with a broader development. CoinGecko stories the overall stablecoin market cap exceeds $236 billion, indicating a sturdy bull cycle, regardless of current bearish sentiment. Sui’s place strengthens its case as a layer-1 main competitor to Ethereum and Solana.
Nonetheless, dangers stay. Analysts warn of market volatility, urging vigilance on liquidity flows. Sui’s success will depend on sustaining progress and overcoming technical and financial hurdles, like its unlocks.
Total, Sui’s stablecoin dominance marks a pivotal second. It challenges Cardano and others, reshaping the crypto panorama. Traders ought to monitor Sui’s fundamentals and market developments intently.
Featured picture from Shutterstock
