Suiet wallet to shut down as Sui DeFi activity cools
Suiet, a browser extension wallet for the Sui blockchain, is closing its services after November 14, 2026, following a 22% drop in Sui's DeFi total value locked.
The browser extension wallet will end all development and maintenance, with API services terminating after November 14, 2026. Sui's DeFi total value locked has declined more than 22% over the past month, making Suiet the latest in a series of Sui ecosystem service providers to exit.
User migration required
User funds remain safe on the Sui chain since wallets don't actually hold coins. The Suiet team urges users to back up their recovery phrases or private keys immediately to import into compatible wallets like Scallop or Slush.
Those credentials can then be imported into a compatible wallet to restore access to balances and transaction history.
The Chrome extension will be removed after API services end, leaving no mobile alternative. Users must verify restored addresses match their old ones before deactivating Suiet.
Ecosystem exits continue
Phantom withdrew Sui support on September 24, 2026, while Suiball hardware wallet announced its shutdown on November 11, citing security concerns. Sui's DeFi TVL stood at approximately $416.92 million as of November 11, 2026.
TVL measures capital in lending, trading, and yield protocols. The 22% monthly decline suggests users are withdrawing funds or asset prices are falling. The official Sui team is actively guiding users through migration.
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