Sui has officially passed Tron (TRX) in total decentralized exchange (DEX) volume, which is another major achievement in the race for leadership in the decentralized finance (DeFi) ecosystem.

According to data tracked through September 8th, 2025, Sui’s DEX volume all-time total is $136.1 billion, outpacing Tron’s total of $131.8 billion.

This milestone follows a period of dramatic growth in Sui’s activity throughout 2025 that allowed Sui to catch and pass Tron’s considerable lead over the years.

Other notable DEX volume chains include Unichain at $54.7 billion, Aptos at $34.2 billion, Celo at $15.1 billion, and Cardano at $5.4 billion, all of which show Sui is now at the very pinnacle of DEX activity.

Market Performance Highlights Strength Behind Growth

The rise in DEX volume indicates increased market confidence in Sui, which has been accompanied by a significant price growth.

Currently, Sui (SUI) is trading at $3.62, with a 24-hour trading volume of over $1 billion.

The token has returned 2.78% in the last 24 hours and 8.82% over the past week to a market cap of $12.9 billion, based on a circulating supply of 3.6 billion.

For comparison, Tron remains larger in overall market cap at $32.8 billion; on-chain DEX volumes have grown at a much slower pace, although price rose to $0.347; at the same time, it had a solid 24-hour trade volume of $763 million.

The differences make it clear that Sui’s ecosystem growth and commitment are developing faster than Tron’s deeper liquidity in decentralized markets.

Also Read: Solana Achieves New Milestones With DEX Volume Reaching $100B & SOL Surging To New ATH

Why Sui’s Breakthrough Matters for DeFi

Sui’s overtaking of Tron has significant ramifications for the DeFi space.

Aside from just signaling a move of liquidity and trader activity to Sui, this could also lead to developers thinking differently about where they want to deploy new pools, derivatives, and incentive programs. 

This pivot could lead to larger liquidity mining and market-making campaigns being deployed in Sui and cementing their edge when volumes are building. 

While Tron continues to have a loyal user base and liquidity depth, Sui’s ability to spark momentum suggests a re-ranking of network choice preferences among traders who want higher throughput and incentives. 

We are starting to see a similar trend occur with liquidity shifts as we have seen earlier in DeFi history when emerging chains leapfrogged established competitors.

Also Read: SUI Price Down 5% Despite SUI Network’s Total DEX Volume Breaks $35 Billion Mark

The Broader DeFi Landscape and What’s Next

The chains are competing as the decentralized exchange (DEX) model is gaining ground to challenge centralized exchanges (CEXs). 

On August 29th, Binance’s CZ stated that DEX volumes could catch CEX volumes, pointing to increasingly privacy-first perpetual DEX models and AI-assisted trading agents as the catalysts for this move, according to UnoCrypto. 

Any way you look at it, there are already proven DeFi scales (Hyperliquid is at $1 trillion cumulative trading volume), so the big question is, for Sui, whether its growth can last out of an incentive-driven model.

Analysts are watching Unichain or Aptos, which could be competitive against new DEX products, and the potential for cross-chain routing from Sui to Tron that could change liquidity in the months to come.

Also Read: Solana’s Raydium Overtakes Uniswap as the Top DEX, Nabs 27% of DEX Volume