Sunrise Brings $SUI to Solana as Network Outperforms Leading CEXs in Trading Volume

Sunrise DeFi, Solana’s leading asset gateway, has listed native $SUI on Solana, bringing yet another multibillion-dollar foreign Layer-1 token to the network.

$SUI’s listing marks the eighth asset deployment by Sunrise, which has generated over $545M in 30D trading volume and helped 21,000 holders expand their portfolios beyond Solana-native tokens.

The launch comes as Solana continues to fulfil the Internet Capital Markets thesis. Onchain data indicates that the decentralized network has recently eclipsed leading CEXs in trading volume, reinforcing Solana’s position as crypto’s “Everything Exchange”. 

$SUI Goes Live on Solana

$SUI, the Sui network’s native token, is now live on Solana. Listed by Sunrise, native $SUI enjoys widespread integration across Solana DeFi apps, including DEX aggregators like Jupiter, DFlow, and Titan, and popular wallets, such as Phantom and Solflare.

Often touted as the “Solana Killer”, Sui is a Move-based blockchain developed by Mysten Labs. Launched in 2023, the Sui network enjoyed strong growth in 2025, amassing over $2.5B in DeFi TVL at its peak in October 2025.

Before today, Solana DeFi users seeking $SUI exposure were forced to either leave the network, or hold wrapped derivative assets with impractically thin liquidity. By listing native $SUI on Solana, Sunrise gives the DeFi economy native exposure to one of crypto’s most competitive emerging Layer-1s, without needing to bridge funds outside the network.

Internet Capital Markets - Enabled by Sunrise

Today’s listing marks the eighth major launch from Sunrise DeFi, an asset gateway built on Wormhole. Since launching in November 2025, Sunrise has brought Solana some of crypto’s most high-volume assets, including Day One listings for tokens like $MON and $BP.

"Every major asset should be tradable on Solana. In just a few months, Sunrise has listed eight assets enabling more than $500M in trailing 30-day volume. Sui is one of the most technically credible L1s in crypto, and Solana users should have direct access to trade SUI. That’s the thesis Sunrise exists to prove.” - Tony Jin, CTO, Wormhole Labs

Sunrise’s $MON listing marked a critical inflection point in Solana’s mission to house all onchain finance. During one of the most anticipated token launches of the year, Solana DeFi processed greater $MON trading volume than the Monad network itself, demonstrating a strong preference among users to transact directly on Solana.

Subsequent listings have only reinforced this thesis. During last week’s $BP launch, onchain venues witnessed more than double the trading volume of any singular CEX, outside Backpack itself. 

Between its flourishing RWA sector and the success of foreign Layer-1 token launches through Sunrise, Solana is establishing itself as the home of Internet Capital Markets; an accessible, 24/7 venue where all the world’s assets can be traded instantly with deep liquidity.

Is Solana DeFi Replacing CeFi?

Beyond its dominance of onchain spot markets, Solana is steadily outperforming centralized trading venues. According to Blockworks data, Solana DeFi consistently witnesses higher trading volumes than popular CEXs, such as Bybit, Kraken, and Coinbase.

Granted, the staggering variety of asset classes and seemingly infinite number of permissionless daily token launches gives Solana a competitive edge over CEXs. However, even among large-cap assets, Solana’s hyper efficient micromarket structure consistently gives traders better execution on assets like $ETH and $SOL.

As a result, Solana DeFi markets generate significantly higher trading volumes on SOL/Stablecoin pairs than their centralized counterparts. In the last 24 hours, trading volume in SOL/Stablecoin markets was over 3x higher than on Binance, crypto’s leading CEX.

With teams like Sunrise, and a broader trend of RWA tokenization, continuing to list a greater breadth of major assets on the network, Solana DeFi is expected to attract deeper liquidity and trading activity, bringing the network closer to fulfilling the Internet Capital Markets thesis.

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