Sui Network: Recap of the Sui ecosystem in June amidst market fluctuations
"Calm as still water but constantly moving"
Good morning everyone, we have just concluded a tumultuous June with conflicts in the Middle East and the Fed still not having cut interest rates.
In this context, the most notable highlight of the crypto market is SUI, with a growth of ~25%, making it one of the best-performing Layer 1 coins compared to the rest of the market.
Currently, @SuiNetwork may no longer be the most promising coin. However, in such a volatile market, Rich believes that SUI is a worthy consideration alongside the big four: BTC - ETH - SOL - BNB, and next up is SUI!
In this article, Rich will focus on summarizing the Sui ecosystem in June: what has been achieved and what is being built (or quietly nurtured), sent to the entire community of investors and Sui enthusiasts.
Let's explore the entire article together 👇
I. Development metrics of the Sui Network ecosystem in June
Eco Growth Metrics:
• TVL (Total Value Locked in DeFi): ~1.85 billion USD
• Stablecoin Marketcap: 1.096 billion USD
• DEX Volume: 8.02 billion USD
• Bridge TVL: 1.97 billion USD
It can be seen that the Sui ecosystem continues to maintain good growth momentum, while the capital flow in other ecosystems has largely been withdrawn due to difficult market conditions.
For example:
• TVL has not decreased much compared to the ATH (2.1 billion USD)
• DEX Volume remains stable around the monthly average of 8 billion USD
This indicates that the community's capital is still actively skin-in into DeFi and trading activities on Sui ➜ Remember that Sui still has many big games waiting like @SlushWallet and @MMTFinance!

II. Community projects that are actively participating and looking forward to in June
1. Slush Wallet – @SlushWallet
According to Rich's prediction, this will be the next big hit on Sui!
Slush is a user-friendly wallet product that combines smart UX/UI – something that is mostly seen in top Web2 tech products.
Experience Slush at:
Highlights:
• Fast processing speed
• Integration for login via Email, Apple, Facebook & Twitch
• Optimized user experience, with a clear product-market fit
• Especially: Opportunity to win a significant airdrop similar to other projects backed by @Mysten_Labs
2. Momentum – @MMTFinance
Momentum is currently the fastest-growing newcomer on the Sui ecosystem.
In the previous phase, the Sui ecosystem was highlighted by DeFi projects such as:
• @suilendprotocol
• @navi_protocol
• @HaedalProtocol
• @bluefinapp
• @Scallop_io
• @CetusProtocol
Momentum is the most prominent and hottest name right now 🔥
Rich believes this team has encountered the right timing – location – and harmony, launching at a time with few competitors and quickly capturing attention.
A few impressive metrics:
• TVL reached 120 million dollars, ranking in the Top 5 DeFi on Sui
• 70% growth in TVL in June ➜ Fastest-growing protocol in the ecosystem
3. Ika-chan – @ikadotxyz
Ika can be said to be a "buzzing" project with extremely hot outreach from the Sui Global community to Sui Vietnam.
Although at this moment, the hype around Ika has decreased, the Ika community seems to be preparing thoroughly, waiting for a big explosion from Ika (TGE moment).
III. Upcoming Events for Sui in July
In July, the Vietnamese community will welcome SuiConnect – the event connecting the entire Sui ecosystem – officially landing in Saigon (July 29) and Hanoi (August 1).
If you are a Sui enthusiast, a Sui investor, or simply want to learn and interact with the crypto community, Rich thinks you should participate, as there aren't many spots left for everyone.

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