- Sui Network reaches $17B in DEX volume, ranking 2nd among non-EVM chains.
- Sui’s scalability and efficiency drive its rapid growth in the blockchain space.
- Non-EVM blockchains like Sui and Solana are gaining ground in DeFi markets.
Sui Network, a non-EVM blockchain, just reached $17 billion in decentralized exchange (DEX) volume. This achievement puts it in second place among non-EVM chains, right behind Solana. Sui’s growth in the DEX space highlights its increasing popularity and influence in the crypto world.
Sui Network’s Rapid Growth
Ranking second only to Solana Blockchain is a big win for Sui Network. Solana has long been the dominant non-EVM chain, so Sui’s rise is a sign of its potential.
Sui’s focus on scalability and efficiency sets it apart from other blockchain platforms. The Blockchain’s infrastructure allows for fast, high-volume transactions, making it attractive to users and developers alike.
Sui’s ability to handle large volumes of trades without slowing down has drawn attention. As more users look for alternatives to Solana and other big names, Sui is quickly becoming a top contender.
The Rise of Non-EVM Chains
Sui’s success also shows that non-EVM blockchains are gaining ground. For a long time, Ethereum-compatible chains dominated the market. Now, chains like Sui and Solana are proving their worth.
By hitting $17 billion in DEX volume, Sui shows it can compete with the biggest names in the space. This shift highlights growing interest in non-EVM technologies.
While Ethereum still leads in many areas, users are exploring chains like Sui for their speed and scalability. The $17 billion milestone is proof that non-EVM chains are no longer niche players—they’re serious competitors in the DeFi and DEX markets.
Sui’s momentum is hard to ignore. With its fast growth and rising user base, it’s becoming a major force in the crypto ecosystem. While Solana holds the top spot for now, Sui is closing in fast. Its rise could reshape the future of non-EVM blockchains.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
