Suiet wallet to shut down in latest exit from Sui ecosystem
Suiet, a self-custodial wallet for the Sui blockchain, will stop updates and support, with its API services ending after Nov. 14. The closure follows Suiball’s shutdown, Phantom dropping Sui support and DeFi project Full Sail winding down after a security incident. Sui’s TVL fell more than 22% in a month to about $413 million, while average daily active users dropped sharply year over year. October transactions nevertheless rose to 324 million. An industry observer attributed project departures mainly to high engineering costs and low user numbers, not flaws in Sui’s design. The network also had four outages in 2026, totaling about 22 hours; the Sui Foundation reported software bugs behind May disruptions and said user funds were not at risk.
