Sui [SUI] has achieved a historic milestone, posting its highest-ever monthly decentralized exchange (DEX) volume in May 2025, clocking in at $14.8 billion. That figure represents nearly a fourfold increase from its historical monthly average of $3.93 billion. The surge reflects intensified trading activity, likely driven by growing interest in SUI’s native DeFi protocols and sustained user engagement across its ecosystem.
While such a significant rise in volume often precedes major price rallies, SUI’s price remains in a tight consolidation phase—still trading below key resistance at press time.
DeFi Growth Signals Strength, But Traders Stay Cautious
SUI’s Total Value Locked (TVL) climbed sharply to $2.346 billion, increasing 7.69% in just 24 hours—an indication that capital is increasingly flowing into its DeFi platforms. On-chain flows further signaled mild accumulation, with a net inflow of $1.31 million in spot markets. These trends point to growing investor confidence, at least among long-term holders.
Despite this, Open Interest dropped 2.83% to $1.79 billion, suggesting that leveraged traders may be scaling back exposure. This reduction in speculative positions highlights lingering uncertainty about the asset’s short-term direction, especially with the price action slowing near a key resistance zone.
Price Faces Headwinds Near $3.87: Will Bulls Break Through?
SUI is currently trading at $3.69—up 3.98% on the day—but remains below the crucial Fibonacci resistance band between $3.87 and $4.13. The MACD indicator reveals fading bullish momentum, as both the signal and MACD lines converge and histogram bars diminish. This hesitation indicates that market participants are awaiting stronger bullish confirmation before making aggressive moves.
Adding to the challenge are dense liquidation clusters between $3.6 and $3.87, which act as both resistance and potential short-squeeze zones. A breakout above this range could trigger forced liquidations, propelling SUI toward the next Fib target at $4.97. However, failure to breach it risks a pullback to $3.57 or lower.
For now, SUI’s impressive DeFi growth sets the stage—but only a decisive break above $3.87 will validate the momentum and signal a true shift in market sentiment.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
Also Read: $223M Cetus Hack: Sui Community Approves $162M Recovery Plan, Token Jumps 7%
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
