Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
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

Dreamcash starts the trading platform rollout with hyperclicade integration through waiting list.

August 6, 2025

Safe and expandable MCP server development: Main strategies and best practices

July 27, 2025

POLYMARKET will re -enter the United States after the acquisition of QCEX $ 112 million.

July 22, 2025
Add A Comment

Comments are closed.

Recent Posts

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025

Builders Are Proving What’s Possible With CARV’s AI Stack

August 8, 2025

Caldera Announces Partnership With EigenCloud To Integrate EigenDA V2

August 7, 2025

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025

Coinbase’s USDC fee, encryption or other banks?

August 7, 2025

Protocol Update 001 -scale L1

August 7, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 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

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025
Most Popular

Celebrate this festive season with Krampus in the Dark Summon slot

December 8, 2023

Hong Kong’s Project Ensemble Explores Tokenization of Banking with New CBDC Sandbox

August 29, 2024

Why Ethereum’s cryptocurrency holdings increased by 27% in 14 months

May 29, 2024
  • 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.