The rapidly expanding Layer 1 blockchain Sui has officially integrated with Axelar Network to enhance cross-chain interoperability and multichain liquidity availability. The May 8, 2025, announcement coincides with a substantial SUI price increase that shows investor confidence in developing the Sui blockchain ecosystem.
The integration will deliver substantial advantages to developers, institutions, and end users through simplified multichain deployment processes. Axelar’s Interchain Token Service (ITS) enables developers to launch smart contracts on multiple blockchain networks through a single deployment process. The Squid Router infrastructure tool and decentralized wallets Backpack and SlushWallet, will enable seamless cross-chain interactions.
Sui’s proprietary zkLogin feature becomes an integral part of the integration to improve the onboarding process for regular users. The feature streamlines login procedures while supporting Sui’s wider objective to promote Web3 mass adoption without sacrificing security or decentralization standards.
Strategic Implications for Builders and Institutions
This partnership represents a major achievement for developers and institutions who seek scalable solutions along with strict compliance and secure blockchain platforms. The institutional-grade blockchain connectivity provided by Axelar enhances Sui’s existing scalable architecture and security-focused foundation. Developers building complex decentralized applications (dApps) now experience streamlined asset transfers and expanded user reach through reduced friction.
The partnership between Sui and Axelar continues the trend of Sui blockchain’s high-profile collaboration efforts. The recent collaborations between Sui and Circle’s USDC as well as Stacks and Mastercard show Sui’s dedication to developing a comprehensive and interoperable ecosystem.
SUI Token Price Action and Market Sentiment
SUI’s market value jumped over 20% past $4.07 after the announcement but later underwent a slight decline. The current trading price of SUI price stands at $3.86 while maintaining a 6% growth compared to its value 24 hours earlier. Market data from Coinglass shows that the token’s 24-hour trading volume has risen by 119% to reach $3.3 billion.
Market sentiment remains cautiously bullish. The long/short ratio stands at 1.0008 which shows leveraged traders maintain balanced bullish and bearish positions. The SUI blockchain derivatives market shows enhanced engagement as open interest levels increased by 10%.
Technical indicators suggest that the token is moving toward its short-term resistance level. The asset recently reached the upper Bollinger Band level, suggesting it may be approaching market exhaustion. The RSI reading of 69 approaches the overbought limit of 70, which may indicate an upcoming market cooldown.
SUI Blockchain Technical Outlook: Consolidation or Continuation?
Even though SUI price experienced a minor pullback, its price stays well above its primary moving averages from 10 days through 200 days, showing ongoing bullish strength. The Moving Average Convergence Divergence (MACD) continues to indicate positive values, which support the existing trend. The Stochastic RSI shows a neutral position between bulls and bears which indicates that neither side has gained total dominance yet.
The $3.70 support zone has remained stable throughout recent trading sessions. If the price stays above this level, analysts predict that breaking through $4.07 will trigger an extended rally to $4.40. A potential retest of the $3.30 support zone might happen if SUI price loses its current level because momentum weakens while several key moving averages converge there.
Broader Ecosystem Growth
The incorporation of Axelar demonstrates how Web3 platforms are increasingly prioritizing interoperability and composability. Sui blockcahin demonstrates through its technical partnerships and strong token performance that its core principles match the demands of the overall market. Sui is establishing itself as a central player in blockchain adoption through its expansion of DeFi footprint and infrastructure capabilities.
The Sui-Axelar integration represents a strategic progression toward building a blockchain ecosystem that connects networks with enhanced user experience and greater scalability. Sui shows strong potential for continued expansion and market success based on positive technical indicators and a robust network of ecosystem partners.
