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Sui Records Monthly Advance Following Introduction of Bitcoin Lending System

Sui gained 48.6% over a 30-day period alongside reports of a platform allowing institutional loans secured by Bitcoin, though momentum has moderated in recent trading.

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Sui posted a 48.6% rise over the past month, a move that coincided with the rollout of Hashi, a system designed to enable institutions to borrow against Bitcoin without disposing of their underlying holdings. As of October 11, 2026, the layer-1 token traded at $1.10, retreating 7.2% over the previous week.

According to reports cited in the article, Hashi operates by locking Bitcoin in a multisignature vault on the Bitcoin mainnet and issuing a corresponding token on Sui to facilitate loans. This structure aims to provide cash access while avoiding potential tax liabilities associated with outright asset sales, though borrowers take on operational dependencies tied to Sui and vault security.

The piece notes that Hashi has not yet published metrics regarding usage or total loan volumes. Sui is currently included in the CME Emerging Crypto Index, though broader long-term comparisons to networks like Solana remain subject to verifiable user activity.

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