- Sui validators overwhelmingly backed the recovery plan, with 90.9% voting “Yes” in an early-concluded vote.
- Cetus revenue hits an all-time high, signaling revived user confidence and rising network activity.
In a decisive show of community governance, 90.9% of all stakeholders on the Sui network voted “Yes” on a vital fund recovery proposal by their validators, according to the recent Sui network updates.
The overwhelming affirmation allowed the on-chain vote to reach an early conclusion.
The approved plan entails transferring the affected funds to a safe multi-sig wallet.
The funds will be placed in trust and repaid to users according to a road-mapped recovery guided by Cetus-a prominent member of the Sui ecosystem.
The vote represents a significant turning point in the recovery of Sui following the previous exploit that undermined users’ trust and caused a significant decline in network activity.
Source: X
Fund recovery plan gains momentum
The plan to recover funds is not just about fund protection — it is also a step towards restoring balance to the ecosystem.
By placing the assets on a multi-sig wallet, the network is expressing its interest in decentralization and transparency.
Cetus is taking the lead in coordinating the process, aiming for an orderly return of the affected parties funds.
This decision, backed by the validator community cooperation, reflects growing cohesion among Sui stakeholders.
Revenue shoots as network activity picks up
Following the hack, Sui’s network revenue had shrunk to an all-time low. The drop was tied directly to declining user activity and cautious sentiment.
However, in the last 24 hours, the situation has turned sharply in favor of Sui. During the roll-out of the recovery plan, turnaround signals have started to emerge.
Cetus revenue has skyrocketed to all-time highs — a clear sign of returning network activity and market confidence.
The surge indicates users are going back into the ecosystem, perhaps interpreting the governance and security measures of the protocol as a robust indicator of long-term existence.
Source: DefiLlama
Could this be a turning point for Sui?
The parallel validator vote and Cetus revenue seems to be a potential turning point for Sui. Governance, security and coordination of the community are all coordinated in this recovery phase.
While there are still issues to be addressed, the network appears to be moving in a direction towards stability. With funds in the bank and users slowly returning, Sui is showing resiliency in action.
