- The Sui-based wallet will discontinue updates and support, with API services ending after November 14.
- Total value locked fell to approximately $413 million over the past month, according to DefiLlama.
- Sui averaged 128,000 daily active users in October, down from 601,000 in November 2025.
After November 14, Suiet will stop supporting wallets and terminate API services. This is part of a series of exits from the Sui ecosystem. Active users are falling even though transaction volumes are rising.
Support for @suiet_wallet ends after Nov 14.
Suiet users, back up each account’s recovery phrase or private key now. Never share your phrase or key.
Your assets remain on Sui. Import your accounts into another Sui wallet to keep accessing them.
— Sui (@SuiNetwork) November 11, 2026
Sui’s decentralized finance ecosystem is facing a drop in liquidity following this decision. Sui’s total value locked was over $413 million, which’s more than 22 percent lower than the month before, according to DefiLlama.
Token Terminal data shows that Sui had an average of 128,000 active users in October compared to 601,000 in November 2025. That is a 79% drop.
Suiet Exit Adds To Sui Ecosystem Challenges
Suiet’s closure comes after other exits from the Sui ecosystem. The hardware wallet project Suiball announced its shutdown on November 10. The wallet provider Phantom stopped supporting Sui in September.
Source: suiet.app
The DeFi project Full Sail also shut down after a security incident with Switchboard that caused about $91,000 in losses. Kadan Stadelmann, the chief technology officer of Komodo Platform, said that the challenges faced by Sui seemed to come mainly from economic pressure instead of core protocol flaws.
Sui Transactions Increase Despite Falling Users
Sui’s transaction volume has increased in spite of the drop in active users. According to data from Token Terminal, transactions increased from 101 million in November 2025 to 324 million in October.
Rising transaction volumes, however, may not always result in increased user adoption or long-term demand. Wallet providers need to think about whether the possible benefits outweigh the expense of maintaining blockchain interfaces.
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