Suiet wallet joins a series of ecosystem exits as Sui network struggles with declining DeFi TVL, down over 22% in a month, and a 79% year-over-year drop in daily active users.
The Suiet wallet, a core self-custodial wallet, stops support after Nov. 14, following Suiball's closure on Nov. 10 and Phantom ending Sui support in September. DeFi TVL has fallen more than 22% in a month to about $413 million and daily active users dropped roughly 79% year over year, plus four outages totaling around 22 hours of downtime in 2026, all point to weakening network usage that pressures demand for SUI.
The Suiet wallet is ending support for the Sui blockchain, with API services set to terminate after Nov. 14. This exit follows a broader trend of service withdrawals and a 22% decline in Sui's total value locked over the past month, alongside a 79% drop in daily active users since November 2025.
Wallets are how people access a blockchain. Suiet stopping support after Nov. 14, alongside Suiball's closure and Phantom ending Sui support in September, makes the network harder to use just as its DeFi total value locked has fallen more than 22% and daily active users have dropped around 79% year over year.
The article reports no flaw in Sui's core design and the Sui Foundation said no user funds were at risk during the May outages. However, the network suffered four outages in 2026 totaling around 22 hours of downtime, and one DeFi project, Full Sail, shut down after a Switchboard incident causing about $91,000 in losses.