Is Sui Dead? Low Fees or Low Effort? A Deep Dive into the Blockchain's 2025 Reality
Is Sui Dead? Low Fees or Genius Strategy? A Deep Dive into Sui Blockchain in 2025
Hey Steemit community! 👋
If you’ve been anywhere near Crypto Twitter lately, you’ve probably seen the endless FUD:
“Sui is dead”
“Fees are literally pennies”
“No real activity, just bots and wash trading”
“Sell before the unlocks dump it to zero”
Time to separate signal from noise. I spent the last few days digging deep into on-chain data, tokenomics, ecosystem growth, and real-world catalysts. Here’s the truth as of November 17, 2025.
Spoiler: Sui is very much alive — and potentially one of the most undervalued L1s right now.
Current On-Chain Metrics (Nov 2025)
| Metric | Value | Notes / Comparison |
|---|---|---|
| Daily Transactions | 14.23 million | Higher than Solana on many days, 7× Aptos |
| Daily Active Addresses | 891,000+ | Steady growth throughout 2025 |
| TVL | $1.68B – $2.6B | Top 15 chains globally |
| DEX Daily Volume | $322M | October 2025 monthly volume: $20.33B |
| Stablecoin Transfer Vol | $400B+ (Aug–Sep alone) | Real money moving, not just meme coins |
| Market Cap Rank | #11 – #23 | $7B – $13B depending on the day |
| Circulating Supply | ~3.24B / 10B total | 67%+ still locked |
Yes, TVL did drop from the January 2025 peak ($2.065B → $1.22B in April), but it has fully recovered and is trending up again. That’s normal market behavior, not death.
The “Pennies” Fee Narrative – Why It’s Misleading
Average transaction fee on Sui right now: $0.0005 – $0.008.
Critics love screaming:
“How does a chain survive on pennies? Ethereum makes hundreds of millions!”
Here’s what they deliberately ignore:
- Low fees are by design, not a bug
- Sui separates computation fees (~$0.001) from storage fees (rebated when objects are deleted)
- Result → predictable, ultra-low costs that enable real mass adoption
- 110× cheaper than Ethereum, 20–50× cheaper than Solana during congestion
- Sponsored transactions → dApps pay fees for users (e.g., FanTV already did 29M txns this way)
Projected 2025 network revenue: ~$15M
That sounds tiny compared to Solana’s $500M+, but revenue today is the cost of future dominance. Sui is optimizing for volume and users, not short-term fee extraction.
Tokenomics: Deflationary Monster in Disguise
- Fixed 10 billion total supply (no inflation ever)
- ~2–3 million SUI already burned via storage fund and gas
- 75.4% of circulating supply staked
- Monthly unlocks continue in 2025, but 63%+ of total supply still locked
- Upcoming catalysts (gaming boom, institutional integrations) could trigger massive supply shock
When real private-chain adoption kicks in (Zama FHE, institutional DeFi, etc.), fee revenue could realistically hit $500M–$1B annually while staying cheap for users.
Killer Catalysts Coming Soon
- SuiPlay0X1 – Dedicated Web3 gaming handheld launching soon ($599) with 70+ titles
- Native stablecoins via Stripe’s Bridge (USDi, suiUSDe) – already live
- BlackRock & Grayscale accumulation + partnerships (Greek stock exchange, etc.)
- Mysticeti consensus upgrade → sub-second finality
- zkLogin & sponsored txns → best UX in crypto
- Citadel SuiBall hardware wallet + emergency upgrade mechanism
Gaming + DeFi + institutional money = perfect storm.
Price Outlook
- Current price: ~$1.91 – $4.66 (volatile)
- Conservative EOY 2025 targets: $5–$10
- Bull case (gaming narrative catches fire): $15–$30
- Long-term (2030): easily $20–$50+ if it captures even 5–10% of Solana’s mindshare
Final Verdict
Sui is not dead.
Sui is not dying.
Sui is deliberately sacrificing short-term revenue to build the smoothest, cheapest, and most scalable L1 experience possible — exactly what mass adoption needs.
Low fees today = billions of users tomorrow.
If you’re looking for a chain that prints money for validators right now, look elsewhere.
If you’re looking for the next 10–50× opportunity because the market is sleeping on real tech and real growth… welcome to Sui.
What do you think — FUD or massively undervalued gem? Drop your thoughts below!
Upvote if you found this helpful 🚀
#Sui #Blockchain #Crypto #DeFi #Web3 #GamingOnSui #Steemit
DYOR • NFA • Data accurate as of November 17, 2025