Sui has achieved a groundbreaking milestone in a remarkable turn of events. With a total value (TVL) of $36.82 million, Sui has reached an all-time high since its Mainnet launch in May. Sui TVL’s rise 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, has experienced an astonishing 152% increase in TVL. This increase emphasizes that Turbos Finance is making an important contribution to Sui’s recent success.
Monthly TVL Growth Champion
NAVI Protocol, which specializes in over-collateralized lending and lending for assets such as SUI, USDC, USDT, wETH and wBTC, witnessed a remarkable 93.29% growth in TVL over the past 30 days. NAVI Protocol’s performance demonstrates its critical role in the Sui ecosystem.
Impressively, Cetus, a pioneer of DEX and a concentrated liquidity protocol within the Sui ecosystem, accounts for a third of the total $36.66 million in TVL. With $12.1 million in TVL, Cetus plays a vital role in meeting the diverse needs of traders, liquidity providers, applications, and the growing DeFi community.
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