Sui has seen a significant increase in value locked, surpassing Aptos, Cardano, and Near in terms of capital locked on DeFi protocols. The total amount of capital locked on Sui has risen from $211 million to $593 million since the beginning of the year. The SUI token has also experienced a 131% increase in value during this same period. The network has seen a spike in inflows, with $310 million bridged to Sui from Ethereum in the past 30 days. Sui, built by former Meta employees, has gained momentum since its debut on Binance’s launchpad last year. Despite a turbulent start, the network has found success through inscription-related activity and the growth of lending platforms like Scallop Lend and Navi Protocol. SUI is currently trading at $1.80, outperforming the CoinDesk 20 index.
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Sui Overtakes Aptos, Cardano in Value Locked; Sees $310M Inflow in 30 Days
