Sui DeFi Applications Hold $509.54 Million as SUI Trades Near $1.05

Sui (SUI) traded near $1.05 on Oct. 21, while decentralized finance applications on its blockchain held about $509.54 million and stablecoins had a market value of about $554.52 million.

The figures measure different parts of the network. The first tracks assets locked in decentralized finance applications; the second is the market value of stablecoins on Sui. Both are Oct. 21 snapshots, separate from the token’s price.

Sui is a layer 1 blockchain whose native token pays network fees and can be staked. SUI’s total supply is capped at 10 billion tokens. Its October month-end schedule lists about 4.118 billion tokens in circulation, with further releases scheduled. That month-end figure is separate from the Oct. 21 market snapshots.

The Sui Foundation announced a $30 million investment in DATA Network on Oct. 12. DATA Network plans to move its protocol and Trace registry to Sui, bringing data infrastructure for artificial intelligence applications to the network.