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- Utila integration enables institutional access to DeFi, staking, and treasury tools on the high-speed Layer 1 blockchain, Sui.
- Sui surpassed Tron in daily active addresses, signaling strong adoption and rising interest across the crypto space.
Utila officially expands its reach by adding support for the Sui network. This step opens up new opportunities for institutions to manage digital assets, stake, and interact directly with the Sui-based DeFi ecosystem through the Utila browser extension.
If previously interacting with blockchain required complicated technical steps, now everything can be done more easily, even for companies with high security standards.
Interestingly, Sui is not just any Layer 1 blockchain. It carries a unique approach through an object-based data model, which means transactions can be processed in parallel. The result? Near-instant finality without having to queue like on a toll road during rush hour. This technology is built using Move, a programming language previously developed for the Meta internal project.
🎉 Utila Now Supports Sui!
We’re excited to announce that Utila now supports Sui, a high-performance Layer 1 blockchain designed for speed, scalability, and efficiency.
Sui employs an object-centric data model, enabling parallel transaction execution for near-instant finality… pic.twitter.com/3C4sDxFXQP
— Utila (@utila_io) April 3, 2025
Enterprise-Grade Tools Built for Sui’s Unique Design
Through this integration, Utila provides a number of strategic features to support institutional financial activities on Sui. Treasury management can now be done for SUI tokens and other assets in the Sui ecosystem.
All transactions are run with the Multi-Party Computation (MPC) system, ensuring that security is at the enterprise level. This is not just a complementary feature, but a real need when managing large amounts of funds.
Furthermore, Utila also embeds a policy system that can be customized to the unique characteristics of Sui. Not a generic template, but a system that is designed to deal with the complexity of object-based architecture. Users can also directly stake SUI tokens to support network security, while earning returns.
And if you think staking and DeFi are only suitable for retail users, institutions now have their own toll road. Utila provides APIs and programmatic co-signers that enable automated and secure interactions with the Sui network. Even direct integration with centralized exchanges (CEX) is also provided for deposits, withdrawals, and balance tracking—all in one user-friendly dashboard.
Climbing the Ranks: Sui Overtakes Tron in Daily Activity
Utila’s timing in supporting Sui is quite right. Not long ago, Sui managed to surpass Tron in terms of the number of daily active addresses, reaching 2.46 million from the previous 1.38 million. In contrast, Tron actually experienced a decline to 2.45 million from 2.77 million.
Solana is still at the top with 4.4 million active addresses, although it has also experienced a decline. The competition at the Layer 1 level is indeed getting denser, and Sui is starting to steal the market’s attention.
However, Sui does not only rely on technical performance. On the other hand, their steps to collaborate with Blockaid to strengthen security cannot be ignored. CNF previously reported that this collaboration aims to protect wallets, prevent smart contract exploitation, and address off-chain threats and operational errors.
Momentum Builds With ETF Filing and Market Growth
Although the price of SUI is currently trading at about $2.24 and has corrected 2.00% in the last 24 hours, its market cap has reached around $7.33 billion, making it the 16th largest crypto asset globally. This figure shows that the adoption of Sui is not just a matter of hype.
Signals from institutional investors are also starting to appear. As we previously reported, Canary Capital Group has filed an ETF directly linked to the spot price of Sui with the US Securities and Exchange Commission (SEC). This is their sixth crypto ETF filing, indicating their belief that Sui has the potential to compete in the long term.
