Sui Tops $300M in TVL, Passes Bitcoin and Joins Upper Echelon of DeFi Protocols
–News Direct–
2000% increase in TVL and superior technology are causing builders to choose Sui, most recently, top lending protocol, Solend.
Sui, a leading Layer 1 blockchain created by the team that led Metas Diem stablecoin project, has surged past $300M in Total Value Locked (TVL) continuing to climb the ranks of DefiLlamas leaderboard. This sudden milestone underscores the ecosystems rapid ascent and further solidifies Suis position as a leader in the DeFi space, surpassing Bitcoin to make it the 13th-largest blockchain in terms of TVL. This achievement marks a more than 2000% increase in TVL since August.
"$300 million in TVL is a significant milestoneone in a string of achievements the Sui ecosystem has reached only months since mainnet launch, said Greg Siourounis, Managi...