$SUI You really moved an institutional RWA treasury onto your own chain???
Last week, Bitwise launched a Premium+ RWA vault (PPLUS) on Ember. On-chain, it supports both Ethereum and Sui. Users deposit USDC, targeting 10%+ returns (floating; not guaranteed). The underlying holdings include Huma PST, sUSDai, and Hastra PRIME. Leverage can be up to 5x, and only non-US users can participate. Today, the official vault page shows a size of about 14.69M U; around 9/25, the Sui side also connected PPLUS to Bluefin Lend as collateral.
Today on Binance, the SUIUSDT perpetual is around 1.18, opening at 1.24, high at 1.30, low at 1.16, with a 24h move of about -5.02%. Volume is roughly 689M U, around 3.2M trades, open interest about 143M SUI ≈ 169M U, and the funding rate is around +0.01%.
CoinLore estimates market cap at about $4.20B, ranking around 29, with a 7-day change of about +32.3%. Both the institutional vault and the lending channel are live, but the short-term perps first pull back—so I feel this looks more like “cooling off in sentiment after good news lands,” not that the Sui narrative itself has died down.
$SUI What do you think about this bout of abnormal volatility? Feel free to leave a comment and chat.
Last week, Bitwise launched a Premium+ RWA vault (PPLUS) on Ember. On-chain, it supports both Ethereum and Sui. Users deposit USDC, targeting 10%+ returns (floating; not guaranteed). The underlying holdings include Huma PST, sUSDai, and Hastra PRIME. Leverage can be up to 5x, and only non-US users can participate. Today, the official vault page shows a size of about 14.69M U; around 9/25, the Sui side also connected PPLUS to Bluefin Lend as collateral.
Today on Binance, the SUIUSDT perpetual is around 1.18, opening at 1.24, high at 1.30, low at 1.16, with a 24h move of about -5.02%. Volume is roughly 689M U, around 3.2M trades, open interest about 143M SUI ≈ 169M U, and the funding rate is around +0.01%.
CoinLore estimates market cap at about $4.20B, ranking around 29, with a 7-day change of about +32.3%. Both the institutional vault and the lending channel are live, but the short-term perps first pull back—so I feel this looks more like “cooling off in sentiment after good news lands,” not that the Sui narrative itself has died down.
$SUI What do you think about this bout of abnormal volatility? Feel free to leave a comment and chat.
