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»EXCHANGE NEWS»Sui Surpasses $150 Million in TVL, Showcasing Explosive DeFi Momentum
EXCHANGE NEWS

Sui Surpasses $150 Million in TVL, Showcasing Explosive DeFi Momentum

By Crypto FlexsNovember 30, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Sui Surpasses 0 Million in TVL, Showcasing Explosive DeFi Momentum
Share
Facebook Twitter LinkedIn Pinterest Email

Grand Cayman, Cayman Islands, November 30, 2023, Chainwire

Sui, a pioneering layer 1 blockchain and smart contract platform created by the technology team emerging from Meta’s Diem blockchain project, has accelerated beyond expectations in just six months since its mainnet launch, reaching a Total Value Locked (TVL) of 150 million. It has surpassed the dollar. DefiLlama, the leading DeFi aggregator. This important milestone, which now places Sui in TVL’s top 20 blockchains, marks a growing DeFi ecosystem powered by a rich developer talent pool and an ever-strengthening community.

In addition to the TVL trajectory, which is up over 500% since early September, Sui Network has surpassed $100 million in bridge stablecoins. Sui also surpassed Bitcoin in the total number of historical on-chain transactions, confirming its scalability and efficiency and highlighting the blockchain’s ability to facilitate seamless, secure, and lightning-fast transactions.

The ability to process high volumes of transactions while maintaining peak network performance has supported this DeFi growth. Sui recently set a new record for processing the most transactions per day of any blockchain.

“Sui’s rapid rise reflects both the growing demand for its unique underlying technology and the vibrant community that drives the growth and adoption of the Sui network,” said Greg Siourounis, Executive Director of the Sui Foundation. “To reach this level of adoption within a few months of the network’s mainnet launch is incredible and bodes very well for the future of this burgeoning DeFi ecosystem.”

This level of growth is further supported by a strong network of independent DeFi projects that add value and utility to the community. For example, Cetus, the leading DEX and concentrated liquidity protocol within the Sui ecosystem, has also recently achieved significant results, with total trading volume surpassing $1 billion. These achievements highlight the depth and decentralization of Sui Network’s DeFi environment.

Sui’s builders prioritize relationships and collaborations around the world, as evidenced by their recent announcement of a partnership with technology incubator Hub71. With its roots in Abu Dhabi, the capital of the UAE, and a large investment base, Hub71 supports over 260 startups and has been working to bring UAE-based startups into the Sui ecosystem.

Sui’s dominance makes it a growing force in the industry as Web3 prepares for a period of high growth expected by many. With object-centric models and unparalleled scalability, Sui’s potential for mass adoption comes from its simplicity for developers and rapid transaction processing for a wide range of use cases.

Builders, users, and organizations can all learn more about the network by visiting https://sui.io.

contact

Sui Foundation
media@sui.io

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

Bitcoin Price Struggle $ 113K -Will Bulls take a break?

September 9, 2025
Add A Comment

Comments are closed.

Recent Posts

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 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

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025
Most Popular

LGG Prize Optimization: Exploring Linea’s DeFi Dapp

October 3, 2024

Devconnect Istanbul Scholars Program Announced

December 3, 2023

Cardano founder discusses the future of ADA and exciting updates.

June 6, 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.