When @Lombard_Finance launched LBTC on $Sui, it marked a significant milestone. Sui became the first non-EVM chain to support LBTC, highlighting its potential to challenge EVM dominance.

This development caught my attention, as I've always questioned the long-term reliance on EVM-based chains. The numbers are impressive, LBTC reached $25M in TVL within a week, with over 95% of it actively deployed in DeFi protocols. Approximately $21M was utilized in lending protocols, and $3.7M was allocated to liquidity pools on DEXs.