Sui Ecosystem Faces Another Exit as Suiet Ends Wallet Services

Suiet, the self-custodial wallet built for the Sui blockchain, says it will stop developing and maintaining its wallet, with API services set to end after November 14, 2026. It is the latest product to leave the Sui ecosystem. It arrives as the chain's value locked has dropped to $411.4 million from $510.9 million a month earlier, according to DefiLlama.

• The news: Suiet said it is sunsetting its wallet and will keep API services running only until November 14, 2026.
• The figure: Sui's value locked fell from $510.9 million on October 14 to $411.4 million on November 12, according to DefiLlama.
• What happens next: Suiet tells users to back up their recovery information and move to a supported Sui wallet before November 14, 2026.

What Stops Working, and What Doesn't

Suiet's notice puts the decision plainly: "We've made the difficult decision to sunset Suiet and bring development and maintenance of the wallet to an end." It says API services will be maintained through November 14, 2026, "to give you time to transition to another wallet."

There is no mobile app to update. The Suiet extension on the Chrome Web Store "will also be sunset soon." Once the API services go offline, the wallet may no longer reliably display balances, it warns. Sending transactions or connecting to applications could also break.

Your assets are a different matter. Suiet is self-custodial, so they exist on the Sui blockchain, and the notice says discontinuing the wallet "will not move or delete them." The wallet is a way in, not the place the tokens live.

What to Do Before November 14, 2026

Suiet asks users to back up their recovery information and move to a supported Sui wallet before November 14, 2026. It also tells them not to rely on continued access through Suiet after the transition period. The date that matters is the API switch-off, not a moment when balances vanish on their own.

Sui's Value Locked Falls to $411.4 Million

DefiLlama puts Sui's value locked, the total deposits sitting in its DeFi protocols, at $411.4 million on November 12, down from $510.9 million on October 14. The same data is reported as a fall of more than 22% over the past month.

Value locked moves with token prices as well as with money coming and going. The drop is not proof on its own that depositors withdrew. It is still the number to watch when products leave a chain: Blast's shutdown followed a collapse in TVL and revenue.

Suiball, Phantom and Another Sui Exit

Suiet is not leaving alone. Suiball, a hardware wallet built for Sui, said it will shut down and refund every pre-order customer. It delayed deliveries on October 21 for extra independent security audits expected to take several months, following talks with Mysten Labs and the Sui Network team.

The project had completed development and reached manufacturing, with a first batch of devices ready to ship. About 80% of pre-orders were placed on chain. Those buyers will receive automatic USDC refunds within the next week, while card buyers must supply a Sui wallet address. Suiball says it will permanently delete the customer data collected for deliveries once refunds are done, including names, email addresses, phone numbers and shipping details.

Suiball's stated reason, that the Sui Foundation decided supporting the hardware wallet carried too much security risk, has not been confirmed by the foundation. Earlier, wallet provider Phantom ended its support for Sui in September. A separate DeFi project on Sui also shut down after a security incident involving Switchboard that caused about $91,000 in losses. Two accounts of the episode name that project differently, so its name is not settled.

Data: DefiLlama