The Sui blockchain just notched another win, smashing its previous record for weekly decentralized exchange (DEX) volume. As highlighted in a tweet by onchain analyst Torero Romero, Sui clocked in at an impressive $4.69 billion for the week ending October 5, 2025. This data, pulled from Artemis, paints a picture of explosive growth in trading activity on the network.

If you're scratching your head about what DEX volume means, think of it as the total value of trades happening on decentralized platforms built on Sui. These are peer-to-peer swaps without a central authority, making them a favorite for crypto enthusiasts who value privacy and control.

The Meme Token Connection: Why Sui is Buzzing

Sui's rise isn't just about numbers—it's fueled by its appeal to the meme token crowd. With its high throughput (handling thousands of transactions per second) and minimal fees, Sui is a playground for meme coin launches and trades. Platforms like pump.fun equivalents on Sui have made it easy to spin up new memes, drawing in degens looking for quick flips.

Recent insights from CoinGecko's Sui meme category show top meme coins on Sui boasting significant market caps and 24-hour volumes. This surge in DEX activity likely stems from hot trades in these volatile assets, where community hype can send prices soaring overnight.

Breaking Down the Drivers

What's pushing this volume? A few key factors stand out:

• Dominant DEXes: According to recent stats, MMT leads the pack on Sui, grabbing around 62% of the daily volume—over $585 million in a single day. Other players like Cetus and DeepBook are also contributing, offering deep liquidity for meme pairs.

• Ecosystem Growth: Sui's total value locked (TVL) has ballooned to over $2.8 billion, per reports from MiTrade. This influx of capital supports more trading, especially with new launches like the suiUSDe stablecoin stabilizing the environment.

• Market Momentum: As Bitcoin and alts rebound, Sui's price has followed suit, hitting highs around $5.35 earlier in 2025. Higher token values often correlate with increased trading volumes, creating a virtuous cycle.

Implications for Meme Token Traders

For those in the meme game, this ATH is a green light. Higher DEX volumes mean better liquidity, tighter spreads, and more opportunities to jump in and out of positions. But it's not all smooth sailing—meme tokens are notoriously risky, with pumps often followed by dumps.

If you're building or trading on Sui, tools like Artemis dashboards can help track these trends in real-time. Keep an eye on emerging memes and DEX innovations to stay ahead.

As the blockchain space heats up heading into the end of 2025, Sui's performance underscores its position as a top contender for meme-driven activity. Whether you're a seasoned trader or just dipping your toes, this milestone is worth watching.