As blockchain technology continues to evolve, the Sui Network has emerged as a leading Layer 1 platform in 2025, distinguished by its high-speed transaction processing, developer-friendly infrastructure, and robust on-chain activity. Built by Mysten Labs and powered by the Move programming language, Sui supports a rapidly expanding ecosystem of decentralized applications (dApps), DeFi protocols, and tokenized assets. Among the most telling indicators of this growth are the market capitalizations and performance trends of key tokens within the Sui ecosystem.
This article explores the top Sui-related cryptocurrencies ranked by market cap, offering insights into their utility, price dynamics, and roles in shaping the future of decentralized finance on Sui.
USDC (USD Coin) – $61.46 Billion Market Cap
Although not natively issued on Sui, USDC plays a foundational role in the network’s financial infrastructure. With a staggering market capitalization of $61.46 billion and a 24-hour trading volume exceeding $7.6 billion, USDC dominates as the preferred stablecoin across major blockchains—including Sui.
Integrated across Sui-based decentralized exchanges (DEXs), lending protocols, and yield-generating platforms, USDC maintains a near-perfect peg to $1 (currently $0.9998). Its stability makes it ideal for everyday transactions, savings mechanisms, and low-risk yield strategies.
👉 Discover how stablecoins like USDC are powering next-gen DeFi ecosystems on high-performance chains.
Despite minimal price fluctuation over the past week, USDC’s sustained presence underscores institutional confidence in Sui’s scalability and security. As more traditional finance players explore blockchain integration, USDC’s role as a bridge asset will likely grow even further.
SUI (Sui Token) – $11.01 Billion Market Cap
At the heart of the Sui Network lies its native cryptocurrency, SUI, which ranks second in market cap at $11.01 billion. Currently trading at $3.24, SUI has seen short-term volatility with a 2.2% daily decline and a 12.3% drop over the past week—reflecting broader market corrections and speculative trading patterns.
Nevertheless, SUI remains essential for network operations. It is used to pay gas fees, participate in staking, and engage in on-chain governance. With over $705 million in daily trading volume, demand for SUI remains strong among both retail and institutional investors.
As developer adoption accelerates and new dApps launch on Sui, many analysts anticipate a recovery in SUI’s price momentum by mid-2025. Continued improvements in core infrastructure and ecosystem incentives could further solidify its position among top-tier Layer 1 tokens.
Lombard Staked BTC (LBTC) – $1.92 Billion Market Cap
LBTC, or Lombard Staked Bitcoin, represents one of the most innovative developments in Sui’s DeFi space. With a market cap of $1.92 billion and a price point of $105,063—mirroring the value of underlying Bitcoin—LBTC allows users to stake their BTC holdings and earn yield within Sui-native protocols.
Over the last 24 hours, LBTC saw a slight 0.2% gain, with a 3.1% increase over the past week. This steady growth highlights growing interest in cross-chain asset utilization and yield optimization.
By enabling Bitcoin holders to access DeFi opportunities without leaving their base asset behind, LBTC exemplifies Sui’s interoperability strengths and commitment to expanding financial inclusion.
First Digital USD (FDUSD) – $1.59 Billion Market Cap
Another major stablecoin gaining traction on Sui is FDUSD, now valued at $1.59 billion in market cap. Priced at $0.999, FDUSD offers a reliable alternative to USDC with strong liquidity and institutional backing.
It boasts an impressive 24-hour trading volume of $4.59 billion and has posted a modest but positive weekly return of +0.2%. FDUSD is widely used across Sui-native lending platforms and synthetic asset protocols, contributing to a diversified stablecoin landscape.
Its growing adoption signals that users are seeking redundancy and choice in stable assets—especially during periods of market uncertainty.
Walrus (WAL) – $668.96 Million Market Cap
Entering the spotlight as a high-growth community-driven token, WAL (Walrus) has captured attention despite recent price corrections. Trading at $0.4962, WAL experienced a 14.2% weekly decline and a 1.8% drop in the past day.
However, with a daily trading volume of $27.4 million, WAL maintains solid liquidity and engagement. The token is primarily associated with gamified finance apps and social platforms built on Sui, attracting younger, active communities interested in interactive DeFi experiences.
While highly volatile, WAL represents the experimental and innovative spirit thriving within the Sui ecosystem.
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Ondo US Dollar Yield (USDY) – $586.63 Million Market Cap
USDY stands out as a tokenized real-world asset (RWA) offering yield backed by traditional financial instruments. Currently priced at $1.10, USDY delivered a 1.7% weekly gain—an attractive return for conservative investors.
With relatively lower trading volume ($711,000), USDY appeals to users focused on capital preservation and sustainable income streams. Its integration into Sui marks a significant step toward blending traditional finance with blockchain innovation.
As RWA tokenization gains momentum globally, USDY could become a benchmark for yield-bearing digital dollars on high-performance chains like Sui.
DeepBook (DEEP) – $369.98 Million Market Cap
DEEP powers DeepBook, an on-chain order book protocol designed to enhance trading efficiency on Sui-based DEXs. Currently trading at $0.1481, DEEP saw a 2.6% drop in 24 hours and a steeper 19% decline over the past week.
Despite these short-term setbacks, DEEP plays a critical utility role by enabling centralized-exchange-like trading experiences in a decentralized environment. Its architecture supports fast matching engines and low-latency execution—key features for advanced traders.
As more trading platforms adopt DeepBook’s infrastructure, DEEP may see renewed demand as a foundational layer-2 solution within Sui’s financial stack.
AUSD – $124.47 Million Market Cap
Rounding out the list is AUSD, a USD-pegged stablecoin valued at $0.9993 with negligible volatility. Though smaller in scale ($124.47 million market cap), AUSD contributes to ecosystem resilience with $27.8 million in daily volume.
It serves as a supplementary asset across lending markets and synthetic protocols, offering redundancy and risk distribution within Sui’s stablecoin ecosystem.
Frequently Asked Questions (FAQ)
Q: Is USDC native to the Sui Network?
A: No, USDC is not native to Sui but is fully integrated into the ecosystem through cross-chain bridges and smart contracts.
Q: What gives LBTC its high price compared to other tokens?
A: LBTC derives its value from being backed 1:1 by Bitcoin, making it a yield-bearing representation of BTC on Sui.
Q: How does USDY generate yield?
A: USDY earns yield through investments in real-world assets such as short-term U.S. Treasury bonds and other regulated financial instruments.
Q: Why is DEEP declining despite its utility?
A: Price movements can be influenced by market sentiment, profit-taking after rallies, or broader crypto downturns—even for fundamentally strong projects.
Q: Can I stake SUI for passive income?
A: Yes, SUI holders can stake their tokens to validate transactions and earn rewards, contributing to network security.
Q: Are stablecoins on Sui safe?
A: Major stablecoins like USDC and FDUSD are backed by reserves and audited regularly; however, users should always research individual risks.
The Sui ecosystem is undergoing rapid maturation in 2025, evolving from a high-performance blockchain into a comprehensive financial hub. With dominant stablecoins like USDC, FDUSD, and AUSD, innovative assets like LBTC and USDY, and high-potential utility tokens such as DEEP and WAL, Sui now supports a diverse range of use cases—from stable value transfer to yield generation and advanced trading infrastructure.
As development continues and global interest in scalable Layer 1 solutions grows, Sui is well-positioned to remain at the forefront of blockchain innovation.
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