Solend taps Sui for new DeFi lending protocol, Suilend

Solend announced today the launch of their new DeFi lending and borrowing protocol called Suilend. Powered by the Sui blockchain, Suilend is built using the Move programming language and capitalizes on Sui’s scalability and advanced tooling capabilities. Solend is currently the leading lending platform on the Solana blockchain, with over $212 million locked in its protocol and serving over 170,000 users across 70 asset types. With the Suilend protocol, Solend aims to leverage high throughput and quick settlement times to further enhance the capabilities of DeFi platforms. The mainnet launch of Suilend is currently accessible to beta pass holders.