SUI, the native token of the Sui blockchain, has recorded the highest token volume among major Layer 1 networks in early 2026, amassing $43.4 billion in cumulative volume from January 1 to February 22. This figure notably surpasses competitors like Tron (TRX) at $35.8 billion and Cardano (ADA) at $32.4 billion, indicating a significant concentration of capital and trading activity within the Sui ecosystem.
Analysts interpret this volume leadership as a signal of strong investor conviction, suggesting capital is rotating aggressively into SUI rather than dispersing across other Layer 1 rivals. This is coupled with a surge in network activity, including accelerated new account creation, which points to deepening user engagement and structural growth. The simultaneous rise in both token volume and network activity is seen as a foundation for potential momentum.
Concurrently, SUI's price action shows it is in a critical technical phase. After a prolonged sell-off, the token is trading around $0.89, compressing within a triangle pattern near key horizontal support. Chart analysis from GainMuse highlights that SUI is attempting to build a higher low beneath a descending resistance line, suggesting accumulation behavior. A decisive breakout above the triangle resistance could trigger momentum toward recovery, while a failure to hold the $0.87–$0.88 support zone could lead to a accelerated breakdown.
The combination of fundamental strength—evidenced by leading volume and user growth—and a technical setup at a decisive support level places SUI in a pivotal position for its next major price move.
