Suiet wallet to shut down as Sui DeFi activity cools - Cryptonews.net
Suiet, a browser extension wallet for the Sui blockchain, is closing after November 14, 2026, as Sui's DeFi total value locked has dropped more than 22% over the past month.
The Suiet team will stop all development and maintenance, and its API services will end after November 14, 2026. This comes as Sui's DeFi total value locked has dropped more than 22% over the past month, making Suiet the latest in a series of service providers heading for the exits.
User migration required
User funds remain safe on the Sui chain since wallets don't actually hold coins. The Suiet team is urging users to back up their recovery phrases or private keys now to import into compatible wallets. The Chrome extension will be removed shortly after API services end, making recovery difficult for those without saved credentials.
Suiet never offered a mobile app, so users must migrate to alternatives like Scallop and Slush. The official Sui team has been actively informing users about migration paths and compatible wallets.
Pattern of exits
Phantom withdrew support for Sui on September 24, 2026, while Suiball hardware wallet project announced its shutdown on November 11, 2026, citing heightened security concerns. As of November 11, Sui's DeFi TVL stood at approximately $416.92 million.
TVL measures how much capital users have parked in a chain's lending, trading, and yield protocols. When it falls by more than a fifth in a month, it suggests users are withdrawing funds, asset prices are falling, or both.
User precautions
Users should confirm restored addresses match old ones before deactivating Suiet. The shutdown may attract opportunists, so users should be wary of unsolicited links or messages asking for recovery phrases. The network remains operational with assets safe until the November 14 deadline.
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