Grayscale introduced the launch of two single-asset trusts linked to the Sui ecosystem on Tuesday amid a current surge in exercise on the community.
In accordance with an announcement, the 2 trusts are funding automobiles that present accredited traders publicity to the native tokens of DeepBook (DEEP) and Walrus (WAL). The transfer comes virtually a 12 months after Grayscale launched its first Sui product.
DeepBook is an onchain order e book that has reportedly processed over $10 billion in quantity. Walrus is a platform that provides programmable information storage. The Walrus Basis raised $140 million from Customary Crypto and others in March 2025.
“DeepBook and Walrus are the monetary and lively information administration backbones of the Sui ecosystem, enabling builders to construct quick, safe, and decentralized purposes,” Grayscale head of product and analysis Rayhaneh Sharif-Askary informed Cointelegraph.
“Sui’s distinctive blockchain structure and programming language open the door to quicker, extra environment friendly, and extra inexpensive blockchain experiences,” she added.
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DeFi exercise soars on the Sui community
The Sui decentralized finance ecosystem has seen elevated exercise up to now month. The blockchain’s whole worth locked reached an all-time excessive of $2.3 billion on July 28, although it has since fallen to $2.2 billion.
Launched in Could 2023 by Mysten Labs, Sui was designed to handle a excessive quantity of transactions with minimal delay, extra technically often known as high-throughput and low latency. It helps do that, partially, by a function referred to as parallel transaction processing.
On July 28, Mill Metropolis Ventures turned the primary publicly traded firm to create a Sui treasury, elevating $441 million with 98% of the proceeds going to the acquisition of Sui (SUI) tokens. It could observe that up with a $500 million increase on Aug. 1 for a similar objective. In a single month, the corporate’s shares are up 274%, in keeping with Google Finance.
Mysten Labs co-founder and chief product officer Adeniyi Abiodun informed Cointelegraph that via the Grayscale trusts, Mill Metropolis Ventures, and different funding automobiles, “establishments, their purchasers, and retail merchants exterior of conventional crypto platforms can have unprecedented publicity to the Sui ecosystem.”
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