Blockchain analytics platform Artemis has reported a significant shift in stablecoin liquidity, with Sui emerging as the top-performing network over the last 24 hours. According to the data, Sui recorded an impressive $2.4 billion in stablecoin inflows, surpassing both Aptos and Ethereum two of the most active alternative Layer-1 ecosystems.
The surge in stablecoin supply on Sui marks one of the largest 24-hour liquidity increases seen on any blockchain this month. The development has sparked major attention from analysts, traders, and on-chain researchers who view stablecoin inflows as a strong proxy for network demand, user activity, and capital movement.
Stablecoins such as USDT, USDC, and others often act as the primary liquidity drivers within blockchain ecosystems. When billions in stablecoins flow into a network, it typically signals that users are preparing for trading activity, DeFi participation, liquidity provision, or NFT-related transactions. In Sui’s case, the recent spike is drawing speculation about what may be fueling the sudden jump.
Why Sui’s $2.4B Stablecoin Inflow Surge Matters
Sui’s growth has been one of the most closely watched narratives in 2024–2025. While the Layer-1 blockchain launched later than many of its competitors, it has steadily gained traction due to its high throughput, low latency, and developer-friendly architecture. The recent stablecoin surge provides further evidence of accelerating ecosystem activity.
Analysts suggest several potential factors behind the inflows:
1. Expanding DeFi Activity
Sui has seen rapid growth in its DeFi sector, with rising TVL (total value locked) across lending protocols, DEX platforms, and yield-bearing products. Stablecoin inflows often precede a spike in TVL, suggesting users are positioning capital across the network’s DeFi landscape.
2. Institutional Attention
Some on-chain watchers believe institutional trading desks may be exploring Sui’s liquidity opportunities, similar to how institutions rotated into Solana during previous cycles.
3. Cross-Chain Transfer Momentum
Stablecoin bridges have improved significantly across Sui, enabling faster and cheaper transfers from Ethereum, Solana, BNB Chain, and other networks. Increased cross-chain interoperability often correlates with spikes in inflow activity.
4. Trading and Speculation Demand
As the broader crypto market experiences heightened volatility, traders frequently move stablecoins across chains to take advantage of arbitrage, fee advantages, and improved execution speeds.
Aptos and Ethereum Follow Behind Sui
Artemis data shows that Aptos ranked second in stablecoin supply changes, while Ethereum still the largest ecosystem by total stablecoin value came in third over the last 24 hours.
Aptos has continued to attract liquidity due to its parallel execution model and expanding DeFi ecosystem. However, its inflows were significantly smaller than Sui’s. Meanwhile, Ethereum saw a more moderate uptick in stablecoin deposits, consistent with its role as a mature ecosystem with more stable flows.
Analysts emphasize that stablecoin inflow momentum can shift rapidly, but the current data highlights Sui’s growing relevance in the competitive Layer-1 landscape.
Market Implications: Rising Competition Among Layer-1s
Sui’s rise is contributing to intensifying competition among new-generation blockchains. With Solana dominating the 2024–2025 cycle, networks like Sui and Aptos are positioning themselves to capture the next wave of users migrating from older ecosystems.
Stablecoin inflows are also significant because they often reflect future trading activity, network expansion, and liquidity depth on exchanges and DeFi platforms. If Sui maintains this momentum, it may see rising user adoption, expanding dApp activity, and increasing attention from developers.
Analysts caution, however, that one-day inflow spikes, while impressive, need to be supported by sustained network usage, fee generation, and retention of liquidity.
FAQs
Q1: How much stablecoin inflow did Sui record?
Sui recorded $2.4 billion in stablecoin inflows within the last 24 hours.
Q2: Which blockchains followed behind Sui?
Aptos came in second, while Ethereum ranked third in 24-hour stablecoin supply changes.
Q3: Why are stablecoin inflows important?
They signal liquidity movement, user demand, DeFi activity, and future trading potential.
Q4: Is Sui becoming a top Layer-1 competitor?
Data suggests Sui is gaining fast momentum, especially in DeFi and stablecoin activity.
Q5: Could these inflows be institutional?
Yes. On-chain patterns indicate that large wallets and cross-chain liquidity providers may be involved.
Q6: Will the stablecoin inflows into Sui continue?
It depends on DeFi expansion, network incentives, user adoption, and market volatility.