Suiet wallet shuts down, API services run through Nov 14 amid Sui DeFi drop

The self-custodial wallet is scheduled to maintain its API functionalities until November 14th, despite the platform's DeFi total value locked experiencing a decline exceeding 22% across the last month.

This cessation of the wallet is part of a recent departure from the Sui ecosystem.

The observed drop in DeFi total value locked on Sui, surpassing 22% within the preceding month, suggests a notable shift in market sentiment among participants.

Earlier coverage

• Stablecoin supply drops $14.2 billion in 30 days amid weak ETF demand Nov 11
• GENIUS Act guarantees don't cover DeFi lending, say Ajna's Hathaway and Quintilian Nov 11
• Decrypt Becomes First News Publisher to Offer Perps Trading, Powered by Solana's Phoenix Nov 11