Sui Network is approaching a crazy usage milestone @SuiNetwork has reached another usage milestone, having already exceeded 4.9 billion total transactions. According to data from @Chainspect, network activity continues to rise as the network approaches 5 billion transactions.

Sui Network takes a hit with AlphaFi shutdown... The @SuiNetwork-based DeFi yield optimizer and money market protocol @AlphaFiSUI has announced it is shutting down in an "orderly way". Users can no longer take loans on the platform but withdrawals remain open. According to Sui itself, the shutdown follows a "misconfiguration of their ALPHA oracle and subsequent creation of bad debt".

Sui dominance is a function of its beta. It has a low free float, 70% locked up in staking and it's earlier stage, and therefore any $ of capital in, or out, leads to outside moves over time. Meanwhile the density of its network (TVL per active user) remains constant in up and down markets (a sign of network coherence), and higher than most of its peers. It still has a way to go but the sui:native team is shipping the future of finance and the agentic economy rails. See you at @SuiBasedcamp in Singapore!

sui:native is not just another fast Layer 1. Most chains treat assets as numbers in an account. Sui treats assets as objects. Move defines the rules. The object model defines ownership. Parallel execution handles the load. That is the whole point. Apps can move objects, not just balances. I don't watch $SUI for TPS clips. I watch: 💧 do DeFi apps keep growing 🎮 do games actually ship 💳 do payments feel usable 🤖 do AI apps land onchain 📈 do developers stay Speed gets attention. Objects are the design. Usage is the test.

SUI Basecamp News: I will be participating on main stage at Marina Bay in Singapore in the Hudi World Trading Competition Session October 7th at 11:30am @tradeonhudi @SuiNetwork sui:native

Sui is not playing around when it comes to stablecoins. @SuiNetwork is well on its way to become one of crypto's top stablecoin chains, its growth having been consistent over the past few weeks. Up +11% in the past week alone, $SUI's stablecoin market cap has reached $457M and is showing no signs of slowing. Well done to the @Mysten_Labs team.

Sui Foundation just surpassed 600K Buybacks Sui Network Foundation (@SuiFoundation) exceeds 609,800 $SUI in year-to-date buybacks, utilizing native stablecoin yield to reclaim circulating supply from the open market. Data shows a single-day acquisition of 8,000 $SUI on September 5, bringing the current value of the buyback treasury to approximately $490,000. This programmatic accumulation is funded entirely by on-chain yield, bypassing traditional dilutive funding rounds.

Sui weekly DEX volume more than triples to $540 million Decentralized exchanges on @SuiNetwork processed $540.77 million over the past seven days, up 258% week over week per DefiLlama data, including $37.3 million in the past 24 hours. Perps volume added $257.6 million and is up 49% for the week. The jump comes amid the broad market rally, with sui:native near $0.78 and chain DeFi TVL at $465 million.