Summary
- BeInCrypto reported that the locked-up value (TVL) of the Sui (SUI) network has surpassed $2 billion.
- It explained that the surge in Sui's TVL was mainly due to the growth of Navi Protocol (NAVX).
- Sui is trading at $3.9276 on Binance, down 0.23% from 24 hours ago.
The locked-up value (TVL) of the Sui (SUI) network has surpassed $2 billion.
On the 14th (local time), BeInCrypto cited DeFiLlama data, stating, "On the 9th (local time), Sui's TVL exceeded $2 billion for the first time," and "It is currently recording $2.088 billion, a more than 17% increase compared to early May." It further stated, "The surge in Sui's TVL is attributed to the growth of Sui-based decentralized finance (DeFi) protocols," and "The growth of Navi Protocol (NAVX) in particular has driven the TVL increase."
According to the data, Sui DeFi protocol TVL increased by 78.86% over the past month. Navi Protocol's TVL rose by about 80%.
As of 6:50 PM, Sui is trading at $3.9276 on the Binance USDT market, down 0.23% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
