The self-custodial wallet will keep its API services running through Nov. 14. Sui’s DeFi total value locked has fallen more than 22% over the past month.
Cryptocurrency wallet Suiet is shutting down, adding to a series of closures and service withdrawals in the Sui ecosystem.
Suiet, a self-custodial wallet built for the Sui blockchain, said in a notice that it will stop updating and supporting its wallet, with API services set to end after Nov. 14. The shutdown comes as the Sui network has seen a sharp decline in decentralized finance (DeFi) activity.
Sui’s total value locked (TVL) stood at about $413 million on Wednesday, down more than 22% over the past month, according to DefiLlama data. Data from Token Terminal shows that Sui averaged about 128,000 daily active users in October, down from 601,000 in November 2025 – or around a 79% drop.
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Author: Jona Jaupi
