Sui has achieved a groundbreaking milestone in a remarkable turn of events. With a total value locked (TVL) of $36.82 million, Sui has reached an all-time high since its Mainnet launch in May. The surge in Sui TVL has been accompanied by explosive growth within specific projects in the ecosystem.
Source: DeFiLIama
Over the past week, Turbos Finance, a hyper-efficient decentralized crypto marketplace built on Sui, experienced an astounding 152% increase in TVL. This surge highlights Turbos Finance as a significant contributor to Sui’s recent success.
Monthly TVL Growth Champion
NAVI Protocol, specializing in over-collateralized lending and borrowing for assets such as SUI, USDC, USDT, wETH, and wBTC, witnessed a remarkable 93.29% growth in TVL over the last 30 days. NAVI Protocol’s performance showcases its crucial role in the Sui ecosystem.
Impressively, Cetus, a pioneer DEX and concentrated liquidity protocol within the Sui ecosystem, accounts for one-third of the total $36.66 million in TVL. With $12.1 million in TVL, Cetus plays an essential role in satisfying the diverse needs of traders, liquidity providers, applications, and the growing DeFi community.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Sourced from cryptonews.net.
