CryptoMedium•11 November 2026•
1 min read
Suiet Wallet Shuts Down as Sui DeFi Activity Cools
Key Facts
1Suiet, a self-custodial wallet, announced it is shutting down operations as DeFi activity on the Sui network cools.
2The wallet's API services will remain operational through November 14.
3Sui's DeFi total value locked (TVL) has fallen by more than 22% over the past month.
Suiet, a self-custodial wallet, announced it is shutting down operations as DeFi activity on the Sui network cools. The wallet's API services will remain operational through November 14, 2024, with the team urging users to secure their private keys and migrate to alternative wallets.
Sui's DeFi total value locked (TVL) has fallen by more than 22% over the past month. This decline comes as the ecosystem sees other service providers exiting, with Sui's TVL standing at approximately $416.92 million on November 11, 2026.