Meme Insider
Crypto markets are always buzzing with data that can signal big moves, especially in the world of perpetual futures. If you're into meme tokens on the Sui blockchain, you'll want to pay attention to the latest open interest (OI) figures for SUI perps. Open interest refers to the total number of outstanding futures contracts that haven't been settled yet—it's a great indicator of market liquidity, trader interest, and potential volatility.
On August 11, 2025, crypto commentator MartyParty shared a snapshot of SUI perp OI across top centralized exchanges (CEXs). The total OI stood at a whopping 525.54 million SUI tokens, valued at around $195 million based on current prices. This data highlights how traders are positioning themselves in the SUI ecosystem, which has become a hotbed for meme tokens thanks to its fast transactions and low fees.
Breaking Down the Exchange Rankings
Here's a quick look at the top 10 exchanges dominating SUI perp trading, based on the shared data:
| Ranking | Exchange | OI (SUI) | OI ($) | Rate | OI Change (1h) | OI Change (4h) | OI Change (24h) | OI/24h Vol |
|---|---|---|---|---|---|---|---|---|
| 1 | Binance | 109.24M | $40.46M | 20.79% | -0.17% | -1.08% | -1.17% | 0.3506 |
| 2 | Bitget | 93.40M | $34.62M | 17.78% | -0.38% | +2.18% | +3.71% | 0.7892 |
| 3 | Bybit | 79.00M | $29.23M | 15.00% | -0.41% | -1.36% | -6.89% | 0.6061 |
| 4 | Gate | 54.61M | $20.21M | 10.38% | -1.08% | -0.25% | -16.40% | 2.3185 |
| 5 | MEXC | 44.62M | $16.53M | 8.49% | +1.58% | -5.20% | -2.75% | 0.047 |
| 6 | Hyperliquid | 29.33M | $10.85M | 5.58% | -0.42% | -0.63% | -7.87% | 1.2563 |
| 7 | KuCoin | 26.88M | $9.95M | 5.11% | -0.46% | -0.66% | -2.85% | 1.4775 |
| 8 | OKX | 22.49M | $8.32M | 4.27% | -0.54% | -2.41% | -7.04% | 0.3052 |
| 9 | WhiteBIT | 22.00M | $8.14M | 4.18% | -0.29% | -1.76% | -2.65% | 1.2195 |
| 10 | BingX | 17.61M | $6.52M | 3.35% | +2.56% | +14.00% | +3.92% | 0.6289 |
Binance leads the pack with over 20% of the total OI, showing strong trader confidence in their platform for SUI derivatives. Notably, exchanges like Bitget and BingX saw positive 24-hour changes, bucking the overall slight downward trend in OI (-4.00% over 24 hours). This could suggest some traders are closing positions amid market fluctuations, but the high volume-to-OI ratios on platforms like Gate (2.3185) indicate active trading.
What This Means for Sui Meme Tokens
Sui has emerged as a go-to chain for meme tokens, with projects like Suipiens and others leveraging its Move programming language for secure and scalable fun. High perp OI often correlates with increased speculation on the native token, which can spill over to the ecosystem's memes. If SUI's price stabilizes or pumps—currently hovering around $0.37—this liquidity could fuel more launches and trading in Sui-based memes.
Traders might interpret the data as mildly bearish in the short term due to the negative 24-hour changes on most exchanges, but the sheer volume (total OI/24h Vol at 0.2967) points to sustained interest. For meme token hunters, this is a signal to watch Sui's DeFi and NFT spaces closely, as perp activity often precedes broader ecosystem hype.
If you're trading SUI perps or eyeing meme plays, tools like CoinMarketCap for real-time prices or DexScreener for Sui token charts can help you stay ahead. Remember, crypto is volatile—always DYOR and manage your risks.
Stay tuned to Meme Insider for more updates on how blockchain trends like this affect the wild world of meme tokens!
