Sui Network ($SUI) always manages to stay in the spotlight. Every week there are new updates. There are either new partnerships, new features, or new products that hit the market. During October, this was no different.
Here’s an update on what has been happening in the Sui Network during October, so far.
Recent Sui Updates and News
Since our last update on Sui, a lot has happened. That should come as no surprise, after the intro. So, the best move is to dive straight into this.
Partnership With Figure Markets
Figure Markets launched a yield bearing stablecoin, $YLDS. What sets this stablecoin apart is that it’s SEC-registered. Because it yields interest, under U.S. law it’s classified like a security. So, not as a typical stablecoin. That’s why it’s registered with the SEC.
YLDS, Figure’s SEC-registered, yield-bearing stablecoin, will be issued natively on Sui.
This partnership brings:
• USD on/off-ramps through YLDS
• SUI as a potential collateral on @Figure
• Compliant, scalable DeFi infrastructureLearn more 👇https://t.co/r3FNaL2Dyg pic.twitter.com/7yULoevRNt
— Sui (@SuiNetwork) October 14, 2025
Fast-forward, as of October 14th, $YLDS will be natively issued on Sui. It accrues interest daily and disburses this monthly, in $USD or $YLDS. It aims to combine the stable value of a dollar-pegged asset with a passive yield. This is rare among stablecoins. It also provides flexibility compared to traditional securities. That’s because it’s transferable peer-to-peer 24/7.
$USDC Withdrawals on ByBit With No Fee
Since we’re already talking about stablecoins, here’s an update on Sui’s native $USDC. You can now withdraw and deposit this from the ByBit exchange. The extra kicker is the withdrawals are without fees. This started on October 14th until further notice. This makes it easier to move your $USDC around.
Bybit now supports #USDC on @SuiNetwork!
✅ USDC-Sui deposits and withdrawals now open!
⏰ Zero Fee Validity Period: Oct 14, 10AM UTC until further notice#Bybit #Sui #CryptoArk pic.twitter.com/KN5aKwKFaJ— Bybit (@Bybit_Official) October 14, 2025
Native $suiUSDe and BlackRock’s $USDi
And here’s one more stablecoin news update. This time it’s about $suiUSDe, a Sui-native synthetic dollar token powered by Ethena. As you may know, Ethena has its $USDe synthetic dollar. Now it will be available on Sui as a proprietary Sui-native synthetic dollar token. With the revenue of $suiUSDe, Sui and the Sui Group will buy more $SUI.
The countdown begins for suiUSDe arriving on Sui.
Powered by Sui, @officialSUIG, @ethena_labs, Sui’s first income-generating digital dollar native to a non-EVM chain is coming to Sui ⚡️
Sui and @officialSUIG wil use its revenue to purchase more SUI on the open market. pic.twitter.com/rbrxj5DHnS
— Sui (@SuiNetwork) October 1, 2025
This partnership involves Sui, the SUI Group Holdings Limited (NASDAQ: SUIG), and Ethena. And more stablecoins are coming to Sui. The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) also has a new stablecoin. This is their tokenized money market fund. Their new stablecoin is $USDi. This should be launched on Sui in Q4, 2025.
With the Genius Act now being live, this is good news for Sui and its ecosystem.
Sui Fest Updates Including Kevin O’Leary, aka Mr. Wonderful
The Sui Fest during Token2049 in Singapore was a great success. Many declared Sui Fest as the best event during Token2049. During Sui Fest, we saw, among others,
- The introduction of SuiBall. This is a hardware wallet for all Sui ecosystem tokens and Bitcoin.
- LayerZero integrated Sui, this unlocks access to $80 billion of cross-chain assets. It connects well to over 140 blockchains.
- The announcement of $suiUSDe from SUIG x Ethena Labs. As mentioned before.
And here’s an interesting development that came after Sui Fest. Kevin O’Leary, aka Mr. Wonderful, was a guest speaker at Sui Fest. You may know him from the Shark Tank TV show. After Sui Fest, he decided to invest in Sui.
I find that all roads from security and speed are leading to the Sui network. This chain was founded by Evan Cheng who left Facebook years ago and formed Mysten Labs. That community is on fire because they’re solving for speed for enterprise. I’m investing in that and it’s going… pic.twitter.com/efP9JJD4x3
— Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) October 10, 2025
Eve Frontier Expands on Sui
With Eve Frontier, we landed in blockchain gaming. This is a new space survival MMO game (Massively Multiplayer Online) by CCP Games. That’s the same group that brought us EVE Online. It’s a virtual world that’s powered by Sui’s scalable and composable architecture.
The universe of @EVE_Frontier, from the creators of @EveOnline, is expanding on Sui.
A living, player-built galaxy of thousands of star systems powered by Sui’s scalable, composable architecture.
The future of virtual worlds runs on Sui.
Learn more 👇https://t.co/3rtR9y2twu pic.twitter.com/uxMeglm3aW
— Sui (@SuiNetwork) October 8, 2025
DEX Volume and Volume on Sui Are Up
Although we recently had this massive crypto crash, Sui DEX Volume and TVL are very strong. The DEX volume on Sui hit a new ATH earlier in October. The DeFiLlama chart below shows this. Total TVL remains above $2 billion, despite the crash.
Source: DeFiLlama
Once more, despite the crash, the volume on Sui is up by a staggering 69% over the last 7 days. That shows real strength and resilience.
🔥 HOT: $SUI Volume is up 69% in the past 7 days. pic.twitter.com/njKqTqNcRM
— Marc Shawn Brown (@MarcShawnBrown) October 16, 2025
More Developers on Sui
In a recent update, Sui co-founder Adeniyi Abiodun and CPO at Mysten Labs had good news to share. In his latest X post, he mentions that Sui has impressive dev growth. Sui Network launched only two years ago. Still, it manages to have more active devs compared to longer existing chains.
In just 2 years #Sui dev growth is outpacing chains that have been here for much much longer. Higher!! https://t.co/JRaxeS48x5
— Adeniyi.sui (@EmanAbio) October 16, 2025
During SuiRL in Bali, earlier this year, Sui devs growth was mentioned. Sui will start to focus on developer growth in the year to come. So, expect more ecosystem growth.
Conclusion
So, we see that Sui Network keeps delivering. That’s despite the recent crypto crash. News keeps on coming in fast and furious. At the same, the metrics don’t lie and show that Sui manages to hold its ground in difficult times.
The current $SUI price is $2.68. Everything under $3 feels like a steal! Its market cap is $9.7 billion. Out of 10 billion $SUI tokens, already 3.6 billion tokens circulate. And remember, $SUI is deflationary.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Sui.
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