Sui Blockchain Ecosystem's DEX Trading Volume Reaches All-Time High of $3.649 Billion

The vibrant ecosystem of decentralized exchanges (DEXs) operating within the Sui blockchain network achieved a record-high trading volume of $3.649 billion for the week of April 20-26, according to data from DeFiLlama.

This milestone is reached as SUI price also soared 74.70% over the same period.

Cetus, the leading DEX on Sui, contributed 42.8% to the total DEX trading activity. The exchange stands out with $1.694 billion in weekly trading volume and an average daily volume of $182.82 million.

In second place is Momentum, which surpassed Bluefin to claim the second position. Momentum reached a peak in single-day trading volume of $91.59 million on April 27. Its weekly volume is $479.29 million, which is about 13.1% of all Sui DEX trading. This performance marks a 165% increase over the previous week.

Coming in third is Bluefin, which still managed to post some excellent numbers with $531.58 million in weekly volume and a 153% week-over-week increase. The exchange also has $72.2 million in TVL.

SUI’s impressive performance over the past week

As the chart shows, SUI registered the sixth-largest weekly percentage gain of any major blockchain networks with a 74.70% increase over the last seven days. This leaves it only in second place behind Base’s staggering 416% weekly increase.

However, SUI’s daily trading volume of $427.1 million is much smaller than much larger networks, including Solana ($2.451 billion) and Ethereum ($1.123 billion).

SUI’s DEX TVL is currently $421.66 million, much, much smaller than industry leaders, but it is increasing rapidly. With a total weekly volume of $3.649 billion, the network can compete against more established blockchains like BSC (recording $8.291 billion in weekly volume, for instance).

Not every project in the Sui ecosystem benefitted from the upward movement, however. Kriya saw a 46.81% drop for the week and only saw $492.65 million in volume for the week despite most of the market going up.

DeepBook rounds out the five Sui DEXs with $130.4 million in weekly volume and 136% increase in volume. Although it only has $30.07 million in TVL, it is still a small but crucial piece of the Sui DeFi ecosystem.