- TVL Sui Network has once again achieved a new all-time high.
- On January 26, 2023, the total value of locked funds reached $376 million.
- SUI coin is currently trading around $1.26.
The TVL of Sui’s first-level network has experienced significant growth, increasing over 15 times since September 2023, according to DeFi platform Llama.
It’s worth noting that the TVL of the Solana network also reached this milestone at the end of October 2023, reaching $1.37 billion on January 26, 2023, according to DeFi Llama.
Just before reaching the new all-time high, Sui’s TVL had previously reached $340 million.
The leaders in TVL among Sui-based projects are the lending protocols Scallop Lend and NAVI, as well as the decentralized exchange Cetus, with blocked assets valued at $80.7 million, $78 million, and $58.5 million, respectively.
At the time of publication, the SUI coin is trading at around $1.26, with a 7% increase in the last 24 hours, according to TradingView:
The Sui Network mainnet was launched in May 2023, and the third season of the Quest campaign recently concluded in November, offering participants rewards in the form of tokens from the pool.