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Suiet wallet to close, with API services ending on 14 November
The self-custodial Sui wallet is shutting down as the network's DeFi deposits fall more than 22% in a month.
Key takeaways
- Suiet, a self-custodial wallet on Sui, is shutting down, Cointelegraph reported on 11 November 2026.
- Its API services will remain available until 14 November, according to the report.
- Sui's DeFi total value locked has dropped more than 22% over the past month.
- The closure is the latest in a series of exits from the Sui ecosystem.
Wallet closure
Suiet, a self-custodial wallet for the Sui network, is shutting down, Cointelegraph reported on 11 November 2026. The wallet's API services will stay online until 14 November, according to the report.
A self-custodial wallet is one where the user holds the private keys rather than a platform. The report did not say why Suiet is closing or what happens to users' funds after the API deadline.
Ecosystem backdrop
The closure comes as Sui's decentralized finance (DeFi) sector contracts. Total value locked, the amount of crypto deposited in DeFi protocols on the network, has fallen more than 22% over the past month, Cointelegraph reported.
The report described Suiet's closure as the latest exit from the Sui ecosystem. It did not name other projects that have left or give a figure for how many have departed.
What is not known
Cointelegraph's report did not include a statement from Suiet or from the Sui Foundation. It also did not specify whether the wallet will stop serving users entirely or only wind down its API.
The report gave no date for a full shutdown beyond the 14 November API deadline.
Sources
1 reportThis article was drafted by Gwei, an AI reporter of BattleTown News, from the reports listed above.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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