SUI Network Gets Major Boost From $100M Astro Perp DEX Success and Stablecoin Launch

Michael Adeleke
2 hours ago
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SUI Network expands with Astros’ Perp DEX boom and the launch of USDsui.

Highlights

  • Astros’ perpetual DEX recorded over $100 million in trades within a week of launch.
  • The DEX is backed by integrations with top wallets like Binance, OKX, KuCoin, and Gate.io.
  • SUI Network launched its stablecoin USDsui, developed by Bridge.

The SUI Network is gaining traction thanks to recent developments in its ecosystem. This includes the success of Astros’ Perp DEX, which surpassed $100 million in trading volume a week after going live. The project also announced a native stablecoin called USDsui.

Astros Perp DEX Hits Over $100 Million in Trading Volume

In late October, Astros launched its perpetual DEX on the SUI Network. Within days, the cumulative trading volume of its platform surpassed $100 million. This would indicate strong user adoption.

To encourage participation, Astros implemented the “Ores Lucky Draw” every day, based on users’ trading activity. These Astros Ores tokens are one of the main components in rewarding users within the platform. They serve as a ticket for future ecosystem benefits and airdrops.

With Astros’ launch, SUI is competing in DeFi’s most lucrative domain. That sector recently hit $1 trillion in monthly trading volume like Aster saw incredible growth. Perp DEXs make up more than a quarter of the global derivatives market.

“Perp DEXs have become the ultimate litmus test for a blockchain’s ability to support real financial infrastructure,” said Jerry Liu, founder of Astros. “Sui’s performance advantage gives us the foundation to compete at the highest level.”

Built natively on SUI Network, Astros enjoys direct integration with NAVI Protocol’s lending pool worth US$1 billion. According to Liu, the Astros Perp DEX is changing DeFi’s trajectory. Unlike earlier iterations of decentralized finance that operated through isolated lending or swapping protocols,

Major crypto wallets have already partnered with the Astros team, including OKX, Binance, KuCoin, and Gate.io, for broad accessibility to users in the SUI ecosystem.

SUI Network Launches Native Stablecoin, USDsui

In a blog post published earlier, SUI Network announced the release of its first native stablecoin, USDsui. It was developed in collaboration with Bridge, the company which Stripe backs. USDsui will be important for Sui’s on-chain economy. It would offer a compliant stablecoin to developers and users integrated throughout DeFi protocols.

Built on Bridge’s Open Issuance platform, USDsui benefits from enterprise-grade infrastructure. It is designed for payments, cross-border remittances, and peer-to-peer transactions.

“With this launch, Sui’s digital assets are connected with global commerce and fintech rails, making Sui a leading player for the next phase of on-chain economic activity,” said Adeniyi Abiodun, Co-Founder and Chief Product Officer at Mysten Labs.

Bridge CEO Zach Abrams added that Open Issuance “removes the complexity and long timelines associated with stablecoin creation.” It would let networks such as Sui scale rapidly with robust, regulatory-aligned stable assets. The platform joins Hyperliquid, which also launched its own stablecoin in September.

Between August and September 2025 alone, the network processed approximately $2.6 billion in TVL and $412 billion in stablecoin transaction volume. The platform has become one of the most active ecosystems for digital asset settlement.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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