Layer-1 blockchain Sui continues its impressive ascent, establishing itself as one of the most dynamic forces in decentralized finance (DeFi). The network’s total value locked (TVL) has now exceeded $1.75 billion, propelling it into the top 8 blockchains globally by locked asset volume.
📊 Rapid Growth and a Surge in Liquidity
Powered by its own innovative programming language, Sui has evolved rapidly since its launch. What began as a relatively unknown platform is now competing with major blockchains like Aptos, Cardano, and Polygon.
According to data from DeFiLlama, Sui’s TVL has spiked sharply, approaching its all-time high of $2 billion recorded earlier this year.
🪙 Bitcoin Derivatives and Stablecoins Driving Momentum
Roughly 10% of Sui’s TVL is now held in Bitcoin-related assets such as wBTC, LBTC, and stBTC, signaling growing investor trust in the network’s ability to support sophisticated financial instruments.
Another milestone: over $1 billion in stablecoin liquidity is now circulating across Sui’s DeFi protocols, boosting opportunities for traders and liquidity providers alike.
📈 SUI Token Gains Investor Attention
Sui’s native cryptocurrency, SUI, has also experienced strong bullish momentum. During a recent market rally, its price surged past $5, hitting an all-time high before stabilizing around $3.20 — still well above its value at the start of the year.
🌐 Market Reaction and What’s Next
Sui’s meteoric rise has earned praise throughout the industry. Cardano founder Charles Hoskinson publicly praised the blockchain in October 2024, calling it an innovative project with the potential to outperform Solana.
Fueling further excitement are rumors about a potential spot ETF approval for the SUI token, which could attract institutional capital and solidify the network’s growing status.
📌 Key Takeaways:
🔹 Sui surpasses $1.75 billion in TVL
🔹 Now ranks as the 8th-largest blockchain by DeFi volume
🔹 10% of TVL in Bitcoin derivatives, and over $1B in stablecoins
🔹 The SUI token hit $5, now around $3.20
🔹 The project is gaining recognition even from rival blockchain leaders
🔹 Market speculation around a spot ETF is rising
#SUI🔥 , #blockchain , #defi , #CryptoNewss , #bitcoin
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
