Sui Wallet Latest Product Developments and Sui Network Outlook Analysis

On August 7, 2025, Sui Network announced a major update: the Mainnet officially integrated the Passkey feature. Users can now log in to Sui ecosystem applications and sign transactions directly using Face ID, fingerprint, or system password, completely eliminating the cumbersome processes of seed phrases, browser extensions, or standalone wallet applications. This verification solution, based on FIDO and W3C open standards, is jointly promoted by tech giants such as Apple, Google, and Microsoft, marking a key step for Sui in enhancing Web3 usability.

Sui Wallet Product Matrix Evolution: From Integration to Passwordless

1. Slush Wallet: Unified entry formation. In April this year, the original Sui Wallet merged with Stashed Wallet to launch Slush Wallet, supporting collaboration across web, mobile app, and browser extension. Its core features include:

• zkLogin Quick Login (Create a crypto Wallet directly using accounts like Google, Facebook, etc.)
• Self-custody asset management
• The early plugin compatibility issue for one-click NFT management and staking operations has been fixed, allowing users to achieve seamless synchronization across devices.

2. Passkey: The revolution of biometric recognition. As an enhancement to the Slush experience, Passkey launched on the Mainnet in August and was first integrated by the Wallet Nimora. Its technical advantages are:

• Cloud key synchronization: No need for mnemonic recovery when changing devices
• Hardware security key support (such as YubiKey)
• Cross-device QR code login capability allows users to operate on-chain applications just like logging into an email, significantly lowering the entry barrier for new users.

3. Financial Scenario Extension: Virtual Mastercard Launched in Europe. The Sui brand virtual Mastercard, issued in collaboration with xPortal (2.5 million users) and xMoney, now supports European users to instantly spend on-chain assets through Apple Pay/Google Pay. Stablecoins can be exchanged for euros in real-time within the App and used for payments, bridging the settlement loop between crypto and the real economy.

##Sui Network Ecosystem Overview: Data Growth and Technology Engine

• User and developer scale explosion: The current number of active wallets has reached 27 to 28 million, and it is expected to exceed 120 million by the end of 2025. The developer ecosystem is centered around the Move language, aiming to attract 25,000 active developers to build a richer application matrix.

• Performance and scalability breakthroughs: Sui's core technical architecture continues to upgrade, forming a triple competitive advantage:

  • Consensus Layer: Mr. SETI (based on DAG) achieves sub-second transaction confirmation
  • Storage Layer: Walrus provides programmable decentralized storage
  • Scalability solution: Remora technology supports horizontal scaling, with the testnet reaching hundreds of thousands of TPS.

The stability of its Gas fees has become a key attraction for enterprise-level applications, especially in high-concurrency scenarios.

• DeFi and capital attention are rising: Institutional investor Mill City Ventures recently increased its holdings of 20 million SUI tokens (average price $3.65), with a total holding of 81.9 million tokens and plans to participate in staking. The total value locked (TVL) on-chain is expected to grow tenfold within a year.

##Application Scenario Expansion: From Gaming to Enterprise Services

1. Integration of games and hardware: Promote the popularization of Web3 games with dedicated SUI Play devices, combined with programmable P2P tunnel technology to achieve multi-player off-chain interaction and on-chain settlement.
2. Mature DeFi infrastructure: Low gas fees and high throughput characteristics attract DEXs, aggregators, and derivatives protocols to intensively deploy, such as the derivatives platform Nimora, which saw a 40% increase in user growth after integrating Passkey.
3. Enterprise-grade solutions: Walrus Storage supports decentralized website hosting, combined with compliant payment channels, providing traditional businesses with an on-chain service entrance.

##Market Performance and Short-term Catalysts According to Gate.io market data, as of August 15, the trading price of SUI is $3.69, with a market capitalization of $12.99B, and it has increased by over 300% in the past year. Additionally, on September 1, SUI will face the unlocking of 44 million tokens, which may lead to short-term volatility. The technical analysis shows a breakout trend; if it holds the support level of $3.50, the upward targets are $4.00–$4.80.

##Conclusion: Experience Revolution Defines a New Paradigm Sui simplifies Web3 interactions to a "one-click" experience through Passkey, leveraging the Move language and a horizontally scalable architecture to support high-frequency scenarios. With the integration of the Slush Wallet, the European virtual card opening up fiat channels, and continued inflow of institutional funds, its ecosystem is transitioning from a technological experiment to large-scale implementation. If it achieves the goal of 120 million wallet users as planned, Sui is expected to become the first Layer 1 infrastructure to disrupt the industry through user experience.