As legacy Layer-1 networks struggle with Layer-2 fragmentation and network congestion, Sui has transitioned from a high-beta speculative asset into a dominant infrastructural force. Sui’s market momentum is not a product of temporary retail hype. Instead, it is driven by a fundamental shift in how institutional capital and Web3 developers view smart contract architecture. With the historic launch of the Grayscale Sui Staking ETF (GSUI) on NYSE Arca and the deployment of Nasdaq-listed Spot Sui…