SUI faces mixed market signals: Will ZenLedger’s integration help the altcoin?

Sui is navigating a mixed market landscape after its spot trading volume fell sharply by about 42% to $511 million over the last 24 hours.

The slip in the token spot volume points to waning short-term trader participation. The tremors of the slip are evident in the token price action.

The momentum that was accumulating on the daily chart is now waning, despite the long-term structure still in favour of SUI bulls.

Yet, despite the softer activity, the Sui [SUI] ecosystem just received a meaningful infrastructure lift that could reshape sentiment in the days ahead.

Source: Messari

ZenLedger integration arrives at a crucial time

In a timely announcement through the official site, the Sui Network confirmed that ZenLedger will now support SUI by offering streamlined tax automation, accounting tools and audit-ready workflows.

The upgrade spans more than 300 exchanges and 40+ blockchains, making it one of the most comprehensive reporting solutions now available to SUI users.

For an ecosystem looking to strengthen real-world usability and reduce friction for active traders, the integration comes at an ideal moment.

It directly addresses a recurring pain point in crypto—complex tax handling—while boosting SUI’s appeal to both retail and institutional participants.

Will utility drive renewed activity?

Though usability improvements can support long-term growth, traders typically respond to immediate catalysts, such as liquidity, volatility and yield opportunities.

So far, SUI’s Total Value Locked is mostly flat, shedding only 1% over the last 24 hours to $923 million.

This indicates that the capital currently invested in SUI’s DeFi ecosystem is stable but not growing further; this reflects cautious market positioning.

However, the amount of token locked is still considerable to give confidence to the long-term holder that the token is reliable for the long game.

Source: DefiLlama

Institutional players are also making big strides since the announcements. SUI’s Open Interest has recorded a $15 million surge in just a day since the announcements.

The surge has pushed the token’s Open Interest across all exchanges to hit $747.78 million.

Source: CoinGlass

A wait-and-see moment for SUI

At the moment, SUI finds itself at that crossroads where improving ecosystem fundamentals meet cooling market participation.

That said, the ZenLedger integration could help revive network momentum if it encourages more active trading and reduces operational friction.

The long-term bias is still bullish, but traders are likely to look for a spot volume rebound or new liquidity inflows before any definitive move.

Final Thoughts

• SUI’s spot volume dropped by about 42% despite open interest and TVL still hinting potential long-term gains.
• ZenLedger added support for SUI, boosting the network’s usability with automated tax and accounting tools.