Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Sui Enters DeFi Top 10 as TVL Surges Above $430 Million – Blockchain News, Opinion, TV & Careers
BLOCKCHAIN NEWS

Sui Enters DeFi Top 10 as TVL Surges Above $430 Million – Blockchain News, Opinion, TV & Careers

By Crypto FlexsJanuary 30, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Sui Enters DeFi Top 10 as TVL Surges Above 0 Million – Blockchain News, Opinion, TV & Careers
Share
Facebook Twitter LinkedIn Pinterest Email

GRAND CAYMAN, Cayman Islands, January 30, 2024, Chainwire

Over the past four months, Sui TVL has jumped more than 1000%, outperforming networks and beating Base, Cardano, and Bitcoin on the DeFi rise.

Sui, a leading layer 1 blockchain created by the team behind Meta’s Diem crypto project, continues its explosive growth in DeFi, surpassing $430 million in total value locked (TVL) and entering the top 10 blockchains by that metric. I did. Along with the rapid rise in TVL, on-chain activity has also exploded. Weekly DeFi volume has increased by over 1200% since October, demonstrating growing demand that will drive a continued flywheel effect supporting future expansion of the entire Sui DeFi ecosystem.

“In less than a year since the mainnet was launched, the growth of the Sui DeFi ecosystem has been remarkable. This momentum is a testament to both the skill and dedication of the Sui community,” said Greg Siourounis, Executive Director of the Sui Foundation. “Most importantly, what we’re seeing in these numbers are developers of Sui building products that people are using to solve real problems. “This dynamic will form the basis for a sustainable, decentralized network that will last well into the future.”

Due to its object-centric model and horizontal scaling, Sui offers unique performance, scalability, and security. As a result, Sui is particularly suitable for hosted solutions that can operate at scale. Sui’s fast-growing TVL is a direct result of several Sui-based protocols and applications leveraging Sui’s strengths and growing at a very rapid pace.

Building on the strength of its technology and the best builders and developers starting to leverage its platform, Sui is quickly amassing a complete set of ecosystem applications that provide seamless composability. From liquid staking to decentralized exchanges (DEXs), leading lending protocols, and the addition of DePIN and DeWi to the network, Sui boasts a technology stack that surpasses layer 1 blockchains that have been around for years.

Sui now has four protocols with TVLs exceeding $50 million and nine protocols with TVLs exceeding $10 million, demonstrating the depth of the ecosystem where multiple projects are thriving. Lending protocol Scallop Lend took first place with TVL of $96 million, followed by Navi Protocol with over $91 million. The top five include three decentralized exchanges (DEXs): Cetus, Aftermath Finance, and FlowX Finance.

Most recently, Sui announced that Banxa, a leading payment infrastructure provider for cryptocurrency-compatible economies, will be adding the SUI token to its platform. This integration will increase access to the Sui blockchain for users around the world thanks to Banxa’s global and local payment methods, which have processed more than $3 billion in transactions since launching in 2014. Additionally, Mysten Labs’ Sui Wallet offers: Users will have the opportunity to purchase SUI tokens through Banxa’s fiat onramp solution and utilize the offramp solution once fully integrated.

Sui also recently announced a partnership with Oracle Stork to provide faster pricing data to builders and real-time pricing data across Sui’s developer ecosystem, DEX, and lending protocols built on Sui’s blockchain. This integration improves speed and access to proprietary indices and market average prices for Sui’s DeFi application builders and users.

contact

Sui Foundation
media@sui.io

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What happened in Crypto today

August 26, 2025

2025-26 discussions about which coins will be ranked first in Memecoin Cycle

August 21, 2025

GEMINI has been disclosed by IPO, Tilecer Gemi’s NASDAQ listing plan

August 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Pudgy Penguins

August 28, 2025

The US government checks the economic data on the chain with 60% Pyth Rocket 60% Pyth Network.

August 28, 2025

GCL Subsidiary, 2Game Digital, Partners With KuCoin Pay To Accept Secure Crypto Payments In Real Time

August 28, 2025

Tether Announces Plan To Bring USD₮ To RGB, Advancing Native Stablecoins On Bitcoin And Lightning

August 28, 2025

Ether Leeum Game Football. Fun market caps increase 10 times within two weeks.

August 28, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

7 Legit Cloud Mining Platforms For Daily Bitcoin Income In 2025

August 27, 2025

The Market May Be Heading For A Correction, And BTC Miner Guaranteed Principal And Interest Contracts Will Drive The Cloud Mining Boom.

August 27, 2025

$MBG Token Supply Reduced By 4.86M In First Buyback And Burn By MultiBank Group

August 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Pudgy Penguins

August 28, 2025
Most Popular

STEPN GO and adidas release first-ever STEPN GO

December 5, 2024

Bitcoin Surge Explodes $170M from Bearish Shorts with BTC Price Targeting $48K

December 6, 2023

VENOM FOUNDATION achieved 150K TPS in the closed network stress test and opened a way for 2025 Mainnet upgrade.

May 23, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.