Suiet, a non-custodial wallet for the Sui blockchain, has announced that it will discontinue its services, adding to a series of project exits from the ecosystem. The decision comes amid declining DeFi activity and a drop in Sui’s total value locked and active daily users. Other projects, including Suiball, Phantom, and Full Sail, have also discontinued or suspended their Sui-related services. Despite the decline in active users, monthly transaction numbers on the network have increased.
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