The Sui Blockchain continues to witness the growing adoption and position itself as a formidable Solana component.
The traction comes in the middle of growing developer momentum, interested in sui-based defi-protocols and successful integrations with Real-World Web3 applications.
Sui TVL Surge: what users need to know
According to Defillama Data, the total value (TVL) on the Sui Blockchain has recently risen to a new highest point of $ 2.1 billion. Despite a modest decrease to $ 2,088 billion from this letter, the traction represents an increase of 17% from the beginning of May.
Sui TVL. Source: Defillama
In the meantime, the sui -based loan protocols have seen a peak of 78.86% in TVL in the past month. Increased liquidity stimuli, strong yields and rising attention from retail and institutional defi -participants are drivers of this growth. An important driver is the Navi protocol, the flagship and loan platform of Sui.
Lending protocols on the sui blockchain. Source: Defillama
The NAVI protocol recently reached another milestone. The token, Navx, secure list on Binance Alpha, after an earlier debut on the OKX Exchange.
“Navx mentioned on Binance Alpha! Navx Pakt Momentum. After the recent list on OKX, the native token of the Navi Defi -Ecosystem gets its spotlights on Binance Alpha. Navi brings pioneering Defi on sui to Binance Alpha users, with credit, liquid, liquid).
Binance echoed the development and committed itself to exclusive Sui -Ecosystemactiva Airdrops for active traders on the new SUI chain.
“Low slip on Binance makes a top choice for the agricultural alpha coins,” noted a Navi Protocol ambassador.
These entries increase the liquidity of NATX and increase the visibility of the wider SUI Defi Ecosystem. This positions the chain as a formidable competition in the Layer-1 (L1) wars.
Real-World applications on SUI take shape
In addition to Defi, Real-World applications are starting to take shape, with remarkable traction in the loyalty and commercial space.
Mojito, a Web3 Commerce Infrastructure Provider that is best known for feeding NFT marketplaces for luxury brands such as Sotheby’s and Mercedes-Benz, has launched Mojito-Loyality, a Gamified Loyalty Platform that is completely built on SUI.
The Sui-based Mojito-Loyality is designed for seamless integration with Web3 projects. It enables brands to insert on-chain missions, rewards and engagement tools directly into their user interfaces. This eliminates the need for extra portfolios or third -party dashboards.
By using sui’s fast and cheap infrastructure, Mojito can offer real -time, scalable user involvement without endangering experience.
“Mojito-loyalty is a strong example of what is possible when Web3 infrastructure is built with user experience in the core … We are delighted to see more projects build Sui Mojito Loyalty Adopteer Mojito … and set a new bar for what can see in the chains,” Lola Oyelayo, the team, said in an interview.
In the same tone, Mojito CEO Neil Mullins said that the loyalty market is expected to be $ 155 billion by 2029, ripe for disruption. The white label, adaptable solution offers Web3 brands a powerful alternative to Legacy CRM tools.
Launch partners such as CUR8 already see results. Allegedly, more than 1,400 users have completed missions in just a few weeks and earned rewards.
The rise of Defi protocols such as Navi and Real-World platforms such as Mojito outlines a bullish image for the sui ecosystem.
As the TVL grows, Sui proves that scalability, low costs and the first design station real acceptance, from high -interest lending to gamified loyalty.
Sui (sui) price performance. Source: Beincrypto
Despite the Defi traction, however, the SUI price has only risen by a modest 0.86% for the past 24 hours. At the moment it was trade for $ 4.00.
