SUI trading volume surges past $20B – Is a new ATH near?

• There has been a notable surge in SUI’s traded volume and active accounts.
• Binance traders are placing buy bets, which could impact a market rally.

In the past 24 hours, Sui [SUI] saw a notable price surge, rallying 7.47% to $2.67 as market sentiment turned bullish.

This recent movement by the asset could be due to the growth in the number of users in the past 24 hours, which increased by a million.

At the same time, DEX trading volume has been rising and shows a clear tendency to move higher.

Volume surges amid user growth

The Sui blockchain has hit a notable milestone. Recent data shows that trading volume on Sui has surpassed the combined volume of Polygon [POL], Tron [TRX], Aptos [APT], Near Protocol [NEAR], and Cardano [ADA] in 2025.

At the time of writing, total DEX trading volume has reached a new peak above $20 billion.

In a situation like this, it indicates that traders in the market have been actively engaging with protocols on the chain, which tends to have a positive effect on price.

This movement is reflected on the weekly chart, which shows that between the first week of March and now, SUI has maintained a relatively stable price range, trading between $3.30 and $2.69.

In the past 24 hours, the surge in DEX volume has been more evident, with $65 million traded—an 11.25% jump from its performance over the past 30 days.

However, this recent growth could also be linked to the increase in total accounts in the past day, which rose by over a million, bringing the total number of accounts to 70,526,000.

The growth in accounts could be linked to the recent price movement, suggesting that activity from these accounts has been positive for SUI and indicating the asset could record further gains in upcoming trading sessions.

Buying volume trends higher

Buying volume in the derivatives market has been surging. Currently, most trading accounts on Binance have been opening long contracts, meaning traders anticipate a major market rally.

This is confirmed by the Taker Buy/Sell Ratio, which has moved further away from 1, with a reading of 2.0148—indicating that buying activity is significantly higher among traders on Binance.

For context, the Taker Buy/Sell Ratio is an indicator used to determine whether buying volume is dominating (a reading above 1) or selling volume is prevailing (a reading below 1).

Currently, overall market volume sits at 0.9612. While trending upward, this confirms growing buying activity among traders. A move above 1 could ignite a major price rally for SUI.

At the same time, liquidation data has been unfavorable for short traders, with over $3.15 million worth of SUI contracts forcefully closed within this period—indicating the market has a strong tendency to trend higher.