Canary

New Era

DeFi

Grayscale

<h2 id="b-tldr-b">TLDR:</h2>
<ul>
 <li>CME Group listed SUI futures, making Sui only the fourth L1 alongside BTC, ETH, and SOL in regulated derivatives.</li>
 <li>Sui processed 65.8 million transactions in a single day within two months of its May 2023 mainnet launch.</li>
 <li>Three US staking ETFs from Grayscale, Canary Capital, and 21Shares listed in early 2026 on major exchanges.</li>
 <li>Hashi enables native Bitcoin collateral on Sui without wrapping or custody, with 20-plus institutions committing on day one.</li>
</ul>
Sui Network <a href="https://x.com/CertiKCommunity/status/2053440241306919383?s=20" rel="noopener noreferrer nofollow">has completed</a> three years since its May 2023 mainnet launch, marking the milestone with a string of institutional developments. 
CME Group listed SUI futures contracts, making Sui only the fourth Layer-1 blockchain to enter CME’s regulated derivatives market. 
The others before it were Bitcoin, Ethereum, and Solana. Three staking ETFs have listed in the US, cumulative active addresses passed 228 million, and DeFi total value locked peaked at $2.6 billion.
<h2 id="b-from-parallel-execution-to-protocol-maturity-b">From Parallel Execution to Protocol Maturity</h2>
<a href="https://blockonomi.com/sui-sui-eyes-1-milestone-as-cme-futures-trading-goes-live/" rel="noopener noreferrer nofollow">Sui</a> launched with a clear architectural thesis: parallel execution should be built into a blockchain’s foundation, not added as an afterthought. 
Within two months of launch, the network processed 65.8 million transactions in a single day. That figure was the highest recorded across all blockchains at the time, and gas fees remained nearly flat throughout.
Two infrastructure additions in 2023 shaped the chain’s long-term trajectory. In July, the Sui Foundation launched DeepBook, a native central limit order book embedded directly into the protocol. 
Every DeFi application on Sui draws liquidity from the same shared pool, which is an uncommon design choice among Layer-1 networks.
In September 2023, zkLogin went live, allowing users to authenticate Web3 apps using Google or Facebook credentials. 
Zero-knowledge proofs handle identity on-chain, removing the need for seed phrases or separate wallet setup. This lowered the entry barrier for mainstream users considerably.
By 2024, the focus shifted to consensus performance. In August, Mysticeti launched as a DAG-based consensus engine, cutting latency by 80% and bringing finality to 640 milliseconds. 
Traditional financial players responded: Franklin Templeton announced a strategic partnership, and Grayscale launched the <a href="https://coincentral.com/grayscale-sui-trust-gsui-begins-trading-on-otcqx-market-for-wider-access/" rel="noopener noreferrer nofollow">Grayscale Sui Trust.</a>
<h2 id="b-stablecoins-bitcoin-collateral-and-regulated-products-b">Stablecoins, Bitcoin Collateral, and Regulated Products</h2>
Heading into 2025 and 2026, the infrastructure stack filled in steadily. Walrus Protocol added decentralized storage in March 2025, completing the native stack from execution to data storage. Mysticeti V2 followed in November, delivering sub-second finality and horizontal validator scaling.
In December 2025, <a href="https://parameter.io/21shares-confirms-0-50-fee-in-amended-filing-for-dogecoin-etf/" rel="noopener noreferrer nofollow">21Shares</a> listed the first-ever SUI ETF on Nasdaq, a 2x leveraged product. By February 2026, three staking ETFs from Grayscale, Canary Capital, and 21Shares had listed in the US. 
That same period saw USDsui launch through Stripe’s subsidiary Bridge, and cumulative stablecoin transfers on Sui crossed $1 trillion in March 2026.
Perhaps the most consequential development came with Hashi, developed by Mysten Labs. Hashi is a native Bitcoin collateralization primitive that allows BTC to be used directly as on-chain collateral, without wrapping or centralized custody. 
The system is secured through MPC and Move’s ownership model. Over 20 institutions committed on day one, as noted in a post from the official <a href="https://moneycheck.com/sui-sui-price-is-this-breakout-the-start-of-a-journey-to-10/" rel="noopener noreferrer nofollow">Sui Network</a> account.
Zero-fee stablecoin transfers were also announced at Sui Live Miami as coming soon, extending the chain’s payments utility further.
The post <a href="https://blockonomi.com/sui-network-turns-three-cme-futures-staking-etfs-and-2-6b-defi-tvl-mark-a-new-era/" rel="noopener noreferrer nofollow">Sui Network Turns Three: CME Futures, Staking ETFs, and $2.6B DeFi TVL Mark a New Era</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

Sui Network Turns Three: CME Futures, Staking ETFs, and $2.6B DeFi TVL Mark a New Era

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