Overview

• SUI’s Total Value Locked topped an all-time high, reaching $2.28 billion, and July trading volume surged to $44.59 billion, surpassing combined volumes of Avalanche, Hyperliquid, and Near Protocol.
• Mill City Ventures III led a $450 million private placement, allocating 98% of proceeds to acquire SUI and marking the largest institutional purchase to date.
• The SEC has moved ETF proposals from Canary Capital and 21Shares into formal review, advancing prospects for dedicated SUI exchange-traded funds.
• The launch of BTCfi on DeepBook unlocked new liquidity avenues on the SUI network, driving a spike in on-chain trading activity.
• SUI’s price consolidated near $3.80 after a 4.5% drop in 24 hours as traders brace for tomorrow’s release of 44 million tokens worth roughly $128 million.