Sui TVL breaks through 450 million US dollars, increasing tenfold within four months
According to CoinDesk, the total value locked (TVL) of Layer1 blockchain Sui has surpassed $450 million, increasing 10 times in four months. It has exceeded Cardano and Base, currently ranking as the 11th highest TVL blockchain on DeFiLlama, second only to PulseChina.
According to DeFiLlama data, as of the time of writing, there are 22 DeFi protocols on Sui. Two of these protocols have a TVL exceeding $100 million each: Scallop Lend and NAVI Protocol.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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