Sui quickly climbs the Defi -Ranks and now has more than $ 1.75 billion in TVL with growing stabile liquidity and rising adoption.
Since the launch, the Layer 1 Blockchain Sui has had a strong upward route, making waves in the decentralized financial space. Once a newcomer, the network driven by the relocation steel has solidified its place as a serious competition, who has recorded explosive growth in the ecosystem.
According to Defillama data, Sui has risen to more than $ 1.75 billion in total value (TVL), which brought the peak of $ 2 billion from earlier in the year closer to his $ 2 billion. This positions the network in the top 10 largest chains of TVL, and the 8th and superlative competitors such as Aptos, Cardano and Polygon.
An important engine in the growth of the network is the rise in Bitcoin-Pegged assets. About 10% of the SUI TVL is now held in assets such as WBTC, LBTC and STBTC. Moreover, the network has crossed a large milestone of liquidity, with more than $ 1 billion in stablecoins that are now circulating over his defi protocols, making it possible to make a deeper liquidity for builders and traders.
Native token of the blockchain, Sui, has also contributed to the positive momentum. The Token recently rose past $ 5 to set a record high during a market recording and, although it has since been stabilized around $ 3.20, the year to date has been considerably raised.
The positive process of Sui has been praised in the industry. In October 2024, Cardano founder Charles Hoskinson publicly praised The blockchain as an innovative and describes it as a stronger alternative to Solana.
Bullish sentiment continues to build in the ecosystem, fed by assembly whisper from a potential place ETF approval for native token. If the current momentum retains, this could continue to solidify the place of Sui as one of the best -performing block chains.
