The Suiet wallet, a self-custodial wallet for the Sui blockchain, will shut down its services, with API support ending on November 14, 2026. This closure follows a significant drop in Sui's decentralized finance (DeFi) activity, with total value locked (TVL) decreasing over 22% to approximately $413 million. Daily active users on Sui fell to about 128,000 in October, down from 601,000 in November 2025, marking a 79% decline. The Sui network has also faced multiple outages in 2026, totaling around 22 hours of downtime.