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 coming to market. In October, it was no different.
Here’s an update on what’s happened so far on the Sui Network in October.
Recent updates and news from Sui
Since our last update on Sui, a lot happened. This should come as no surprise, after the intro. So the best thing to do is to dive straight into the topic.
Partnership with figure markets
Figure markets launched a yield stablecoin, $YLDS. What sets this stablecoin apart is that it is registered with the SEC. Because it earns interest, under U.S. law it is classified as a security. So, not like a typical stablecoin. This is why it is registered with the SEC.
YLDS, Figure’s SEC-registered yield stablecoin, will be issued natively on Sui.
This partnership provides:
• Dollar entry and exit ramps via YLDS
• SUI as a potential guarantee on @Figure• Compliant and scalable DeFi infrastructure
Learn more 👇 pic.twitter.com/7yULoevRNt
– Sui (@SuiNetwork) October 14, 2025
Fast forward, starting October 14, $YLDS will be natively issued on Sui. It earns interest daily and pays it monthly, in $USD or $YLDS. It aims to combine the stable value of a dollar-indexed asset with a passive return. This is rare among stablecoins. It also offers flexibility compared to traditional titles. This is because it is transferable peer-to-peer 24/7.
Withdraw $USDC on ByBit without fees
Since we’re already talking about stablecoins, here’s an update on Sui’s native $USDC. You can now withdraw and deposit this amount from the ByBit exchange. The best part is that withdrawals are free of charge. This started on October 14 until further notice. This makes it easier to move your $USDC.
Bybit now supports #USDC on @SuiNetwork!
✅ USDC-Sui deposits and withdrawals are now open!
⏰ Fee-free validity period: October 14, 10:00 UTC until further notice#Bybit #Follow #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 $suiUSDe, a native dollar synthetic token of Sui powered by Ethena. As you may know, Ethena has its synthetic dollar $USDe. It will now be available on Sui as Sui’s native synthetic dollar token. With the revenue from $suiUSDe, Sui and the Sui Group will purchase more $SUI.
The countdown begins for suiUSDe to arrive on Sui.
Powered by Sui, @officialSUIG, @ethena_labsSui’s first revenue-generating digital dollar, originating from a non-EVM chain, comes to Sui ⚡️
Follow and @officialSUIG will use its earnings to purchase more SUI on the open market. pic.twitter.com/rbrxj5DHnS
– Sui (@SuiNetwork) October 1, 2025
This partnership involves Sui, 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 is expected to launch on Sui in the fourth quarter of 2025.
With the Engineering Act being now 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 have declared Sui Fest as the best event in Token2049. During the Sui Fest we saw, among others,
- The introduction of SuiBall. This is a hardware wallet for all tokens in the Sui and Bitcoin ecosystem.
- LayerZero integrated Sui, this opens access to $80 billion in cross-chain assets. It connects well to over 140 blockchains.
- The announcement of $suiUSDe from SUIG x Ethena Labs. As mentioned previously.
And here’s an interesting development that happened after Sui Fest. Kevin O’Leary, aka Mr. Wonderful, was a guest speaker at Sui Fest. You may know him from the TV show Shark Tank. After Sui Fest, he decided to invest in Sui.
I find that all paths, from security to speed, lead to the Sui network. This channel was founded by Evan Cheng who left Facebook years ago and formed Mysten Labs. This community is on fire because they are looking for speed for business. I’m investing in it and it’s going… pic.twitter.com/efP9JJD4x3
– Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) October 10, 2025
Eve Frontier expands across Sui
With Eve Borderwe landed in the blockchain game. This is a new space survival MMO game (Massively Multiplayer Online) from CCP Games. This is the same group that created EVE Online for us. It is a virtual world powered by Sui’s scalable and composable architecture.
The universe of @EVE_Frontiercreators of @EveOnlineextends to Sui.
A living, player-built galaxy composed of thousands of star systems powered by Sui’s scalable, composable architecture.
The future of virtual worlds rests on Sui.
Learn more 👇 pic.twitter.com/uxMeglm3aW
– Sui (@SuiNetwork) October 8, 2025
DEX volume and volume on Sui are up
Although we recently had a massive crypto crash, Sui DEX Volume and TVL are very strong. DEX volume on Sui reached a new ATH earlier in October. The DeFiLlama chart below shows this. Total TVL remains above $2 billion, despite the crash.
Source: DeFiLlama
Despite the crash, volume on Sui increased by 69% over the last 7 days. This shows real strength and resilience.
🔥 HOT: $SUI Volume has increased by 69% in the last 7 days. pic.twitter.com/njKqTqNcRM
– Marc Shawn Brown (@MarcShawnBrown) October 16, 2025
More developers on Sui
In a recent update, Adeniyi Abiodun, co-founder of Sui and CPO of Mysten Labs, had some good news to share. In his latest X article, he mentions that Sui has impressive growth in development. Sui Network was launched only two years ago. Nevertheless, it manages to have more active developers compared to longer existing chains.
In just 2 years #Follow development growth is outpacing chains that have been around much longer. Higher!!
– Adeniyi.sui (@EmanAbio) October 16, 2025
At SuiRL in Bali earlier this year, the growth of Sui developers was mentioned. Sui will start focusing on developer growth in the coming year. So expect increased ecosystem growth.
Conclusion
We therefore see that Sui Network continues to deliver on its promises. This is despite the recent crypto crash. The news continues to come in fast and furious. At the same time, the indicators do not lie and show that Sui manages to hold on in difficult times.
The current Price $SUI is $2.68. Anything under $3 looks like a good deal! Its market capitalization is $9.7 billion. Out of 10 billion $SUI tokens, 3.6 billion tokens are already in circulation. And remember, $SUI is deflationary.
Disclaimer
The information discussed by Altcoin Buzz does not constitute financial advice. This is for educational, entertainment and informational purposes only. All information or strategies are thoughts and opinions relevant to the author/reviewer’s accepted levels of risk tolerance, and their risk tolerance may be different from yours.
We are not responsible for any losses you may incur as a result of any investment directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article was sponsored by Sui.
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