Sui's momentum isn't riding a hype cycle. What's actually happening is more fundamental—the architecture is built to scale without sacrificing composability. The difference lies in how state is managed at the execution layer, which goes beyond just cranking up block production speeds. When you restructure execution around objects instead of accounts, you unlock entirely different possibilities for how transactions settle and compose. That's why you're seeing TVL and on-chain activity climbing in tandem rather than the usual pattern where throughput gains come at the cost of ecosystem coherence. The numbers reflect genuine utility, not just speculation.