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

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

British trail EU, US encryption regulation, think tank warning

June 22, 2025
Add A Comment

Comments are closed.

Recent Posts

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025

A Trader’s Guide To Smarter Moves

July 6, 2025

Crypto Price Prediction Strategies – How Traders Forecast The Market

July 6, 2025

Causes, History, And How To Survive

July 6, 2025

A Guide To High-Risk, High-Reward Strategies

July 6, 2025

Ethereum MVRV has 1.20–1.25 and suggests that Market Peak is not visible.

July 6, 2025

Bitcoin holders reach $ 1 trillion in paper gains.

July 6, 2025

It flashes again in July

July 6, 2025

AAS MINER Rolls Out 2025 AI Cloud Mining Plan — Fully SEC-Compliant, Risk-Controlled, And Tailored For Crypto Enthusiasts

July 6, 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

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025
Most Popular

Crypto Twitter This Week: Back to Work After Bitcoin Halves Expectations

April 22, 2024

Calci Wins Victory Over CFTC, Grants Congress Approval to Offer Prediction Markets

September 6, 2024

Fairspin Reveals TFS Tokens: A Game-Changing Tool for iGaming

April 27, 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.