- TVL Sui Network has once again reached its highest level ever.
- As of January 26, 2023, the TVL reached $376 million.
- The SUI coin is currently trading around $1.26.
The total value of locked funds (TVL) in Sui’s first level network has skyrocketed, reaching $376 million. This marks a growth of over 15 times since September 2023, as reported by DeFi platform, Llama.
It’s worth noting that the Solana network’s TVL also reached this milestone at the end of October 2023, amounting to $1.37 billion, according to DeFi Llama.
Prior to the new all-time high, SUI’s TVL had already hit $340 million, a few days earlier.
Among the Sui-based projects, the lending protocols Scallop Lend and NAVI, as well as the decentralized exchange Cetus, lead in terms of TVL, with blocked assets of $80.7 million, $78 million, and $58.5 million, respectively.
Currently, the SUI coin is trading close to $1.26, experiencing a more than 7% increase in the last 24 hours, according to TradingView.
The Sui Network mainnet was launched in May 2023, and in early November, the third season of the Quest campaign concluded, offering participants rewards in the form of tokens from the pool.
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