Sui DeFi Ecosystem Hits $2.6B TVL as Protocols Drive Adoption
Sui, a LAYER 1 blockchain, has achieved a record $2.6 billion in total value locked (TVL), reflecting a 37% monthly surge and 160% annual growth. The expansion underscores accelerating liquidity and user adoption across its decentralized finance landscape.
Leading protocols like Suilend ($745M TVL), Navi ($723M), and Momentum ($551M) are fueling the rise, with Momentum posting a 249% monthly increase. Sui's native token trades at $3.39, boasting an $12.2B market cap after an 80% yearly gain.
The blockchain's trajectory mirrors broader DeFi growth trends, with its lending and trading activity positioning it as a competitive alternative among emerging Layer 1 networks.