SUI Outperforms 10 Major Cryptos On THESE Key Metrics

Key Insights

• SUI crypto has more token volume than Cardano, Tron, Hyperliquid, Avalanche, Near, Aptos, TON, and Sei in 2026 YTD.
• SUI lending protocols are offering higher stablecoin yields than Solana and Ethereum. SUI is preparing to surpass Avalanche in stablecoin transaction volume.
• A whale’s wallet was buying SUI aggressively on the Binance exchange.

Sui Network (SUI) continues to thrive as a layer 1 blockchain, and its recent heroics show why it was deemed a Solana (SOL) killer. The altcoin is trying to flip Solana, though it hasn’t succeeded on many fronts.

In the wake of February 23rd, SUI crypto outperformed 10 major chains across key metrics, including token volume and stablecoin activity. On that note, a whale has been quietly accumulating, but were these enough positives to flip the price weakness?

SUI Crypto Outpaces Major Chains in Token Volume

As per data from CoinGecko, SUI crypto led about eight chains in terms of daily token volume for 2026 Year-to-Date (YTD). The blockchain processed more than $43 billion in SUI token trades.

Other chains that followed were TRON (TRX), Cardano (ADA), Hyperliquid (HYPE), and Avalanche (AVAX) with $35.8 billion, $32.4 billion, $18.9 billion, and $18.4 billion, respectively. Near Protocol (NEAR), Aptos (APT), Toncoin (TON), and Sei Network (SEI) followed, respectively, completing this list.

However, looking at the chart, all these cryptos were rallying even though their token volumes did not match SUI’s. This meant that the blockchain had seen real usage since the start of the year.

Therefore, the stablecoin rails deployed on the SUI crypto blockchain also reflected this thriving activity.

SUI Crypto Activity in the Stablecoin Sector

The stablecoin transfer volume on the SUI crypto blockchain was also ticking up. In fact, data from Artemis showed that SUI had about $2.03 trillion in this volume. With a difference of about $100 billion, this figure was almost flipping that of Avalanche, which stood at $2.13 trillion.

Additionally, the blockchain was becoming a better option for stablecoin yield as compared to Solana and Ethereum (ETH). The lending protocols on SUI, such as Bluefin, Navi, and Suilend, offered stablecoin yields ranging from 3%+ to 6.5%+.

On the other hand, lending protocols on Solana and Ethereum offered yields even at 2%. The average APY for SUI was 4.89%, while SOL and ETH had APYs of 3.62% and 2.81%, respectively. Clearly, this showed why SUI’s stablecoin activity was thriving, especially given the absence of price fluctuations.

The growth in stablecoin activity on SUI further denoted liquidity availability. This potentially explained why SUI crypto was among the most traded tokens in 2026 YTD.

Whale Aggressively Buying SUI Crypto: Will Price Rebound?

Meanwhile, a whale has been buying SUI crypto heavily from the Binance exchange. The whale’s wallet withdrew more than 895K SUI tokens from Binance and deposited them into lending protocols for yield. These actions indicated that the whale was invested for the long run.

For context, more than $20 million had been deposited into the lending protocol, and an additional $11 million had been borrowed. Still, the whale deposited $33 million USDC and borrowed another $25 million. This amount was generating about 229 SUI per day.

Since accumulation, especially from whales, is bullish for the asset, SUI may be gearing up for a rebound. The 4-hour chart showed the altcoin trading above the $0.88 support level. SUI price had hit this level four times, with the candle being formed indicating bullish pressure. Bitcoin (BTC) dominance was declining, suggesting altcoins could be poised to bounce.

However, a true bullish reversal on the short term was dependent on SUI price breaking above the $1 zone. Still, the $0.97 was a challenge against advances toward levels above $1. Overall, SUI’s price action was bearish until the entire market flipped bullish.

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