Who said bear markets kill on-chain activity?
@SuiNetwork weekly transactions are up 321.5% since the start of 2026.
From ~17M a week in early January to 70M+ now, with a peak of 75.88M in the week of September 21. And this is happening in a bear market.
So what does it actually mean when an L1 grows like this while the market is down?
In a bull market, activity is easy to come by. Hype, incentives and airdrop farming can fill any chart. In a bear market, most of that leaves. Attention drops, liquidity gets thinner, and short-term traffic goes quiet.
When a network keeps growing in that environment, it usually points to two simple things: apps on it are being used, and the team and builders keep shipping instead of waiting for better times.
And Sui has been shipping everyday. Just a few things that went live or hit milestones this year:
• A 99% cut to non-refundable storage fees.
• Native USDC on Sui connected to 29 chains via CCTP V2.
• USDC on Sui coming to Samsung Wallet on 82M Galaxy devices in the U.S.
• The first native quantum-safe transaction on Sui Devnet.
• Slush wallet: address book, plus funding from 25 chains, cards or Apple Pay.
Sui has also introduced gasless stablecoin transfers, removing the need for users to hold a separate SUI balance just to send supported stablecoins. It’s a small change in the user experience that can make a real difference.
None of this is flashy for its own sake. Each one removes a step that used to make crypto harder than it should be.
In our view, Sui is still underrated relative to what is being built there.
As a Sui validator and ecosystem partner, we see this work up close, and we have a lot of respect for the Sui team, the builders and the community behind it.
We've been supporting Sui, and we'll keep doing it!