Sui's TVL Rockets to $1.96B: ETF Buzz and Bitcoin Surge Propel Blockchain to New Heights

Sui's Total Value Locked Soars as ETF Speculation Heats Up

The layer-1 blockchain Sui is absolutely on fire, inching ever closer to hitting that sweet $2 billion total value locked (TVL) mark again. The ecosystem is buzzing with positive vibes and it's all systems go for Sui!

Straight from DeFiLlama's June 10, 2025 data drop, Sui's TVL is now a sizzling $1.96 billion. That's a 10% jump from the $1.77 billion range it was chilling at just last week. The $2 billion milestone is in sight once more, and Sui's not slowing down for anyone!

SUI ETF Rumors Fuel Institutional Hype

Word on the street is that a SUI exchange-traded fund (ETF) might be on the horizon, and the crypto world can't stop talking about it. Nasdaq just dropped a 19b-4 filing with the SEC to list the 21Shares SUI ETF. It's happening, people!

Nasdaq just filed to list the 21Shares SUI ETF — a spot ETF backed by the SUI token. From $300M+ in global ETP inflows to a potential U.S. listing, institutional momentum for Sui is very real. Next stop: institutional adoption.

This comes hot on the heels of 21Shares' S-1 registration back in April, kicking off the regulatory dance for a spot ETF based on the SUI token. Market analysts are betting a cool 60% chance of a SUI ETF approval in 2025, and the hype train is rolling full steam ahead.

Kevin Boon, the big boss at Sui's founding crew Mysten Labs, is all in on this. "Looking back at our mainnet only two years ago, the milestone of a NASDAQ filing is a powerful moment. We are proud to help 21Shares build towards a world where every investor can access SUI," he said, dropping some serious truth bombs.

Beyond the ETF: Sui's Ecosystem is Booming

But wait, there's more! Sui's TVL isn't just riding the ETF wave. The whole ecosystem is popping off with some major moves. For starters, Bitcoin-pegged assets are flooding in, with around 10% of Sui's locked value now in tokens like wBTC, LBTC, and stBTC. It's a Bitcoin party, and everyone's invited!

And hold onto your hats, because Sui just crossed a huge liquidity threshold. Over $1 billion in stablecoins are now zipping around its DeFi apps. That's right, a billion with a B!

SUI Token Climbs Steadily

While all this is going down, Sui's native token, SUI, is quietly climbing the charts. Right now, it's trading around $3.47, up 2% in the last 24 hours and a solid 7% over the past week. It's a slow and steady rise, but it's all green, baby!