Sui Network Becomes Blockchain of the Month As TVL Hits Record High and $SUI Surges 30%

News, Trending

  • Sui Network’s TVL jumps 283% to $810.5M, driven by DeFi growth.
  • SUI token surges 30%, reaching $1.36 in just one week.
  • Grayscale Sui Trust and USDC integration boost institutional interest and liquidity.

Sui Network is making headlines after hitting a record total value locked (TVL) of $810.5 million. This marks a 283% jump from the $211 million TVL seen earlier this year. The SUI token has also skyrocketed, surging 30% in just one week to reach $1.36. This growth follows the launch of Grayscale Sui Trust and the integration of USDC into the network.

Sui’s DeFi Protocols Fuel Growth

The rise in TVL is largely driven by Sui’s growing DeFi ecosystem. Three major protocols—NAVI, Scallop Lend, and Suilend—have all seen significant gains. NAVI’s locked value grew by 16.5%, now totaling $310 million. Scallop Lend recorded a 19.5% increase, bringing its TVL to $140.5 million. 

Suilend also posted a 14.5% jump, locking in over $134 million. These gains show that Sui’s DeFi protocols are attracting strong interest and solidifying their positions within the ecosystem. Key developments like the Grayscale Sui Trust launch have drawn in more institutional investors. This has significantly boosted Sui’s TVL. 

At the same time, USDC’s integration into the network has spurred a surge in trading volume, providing greater liquidity for decentralized applications (dApps) on Sui. With these advancements, Sui is rapidly becoming a leading player in the DeFi space.

SUI Token Shines as Institutional Interest Grows

The SUI token has been one of the best-performing assets in recent days. Its price hit $1.36 after a week of consistent growth. The network’s daily trading volume has reached $87.51 million. This signals strong market activity and confidence in the token’s potential. 

As Sui’s TVL continues to rise and more institutional investors join the ecosystem, the network is positioned for long-term success. The integration of USDC is expected to bring more liquidity, while Sui’s DeFi protocols provide the foundation for continued growth. With strong momentum and investor backing, Sui is emerging as a key player in the future of decentralized finance.

The post Sui Network Becomes Blockchain of the Month As TVL Hits Record High and $SUI Surges 30% appeared first on Crypto News Land.

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