📝 Hello everyone, I am 𝟏𝟎, welcome back to the #BlockchainDevelopmentHistory project research series. Today, we will focus on (NAVI Protocol / NAVX).

NAVI Protocol is the first native liquidity protocol in the Sui ecosystem, similar to Aave on Ethereum, but specifically built for Sui.

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1. Detailed Explanation of Navi Protocol

NAVI Protocol is the first native liquidity protocol in the Sui ecosystem. What is liquidity? It is about allowing funds to flow so that everyone can access money. Just like a bank, some people deposit money, and others borrow money, fulfilling everyone's needs. NAVI is like a decentralized bank on Sui, completely managed by smart contracts and decentralized mechanisms without middlemen profiting from the spread.

It supports various mainstream assets, including WBTC, WETH, WBNB, APT, and SUI. Users can lend and borrow through liquidity pools without intermediaries, directly lending funds to those in need. Through a certain incentive mechanism, it helps lock in liquidity, bringing leverage effects to the funds within the ecosystem.

NAVI's founders Charles and Elliscope have previously worked at Silicon Valley tech companies like Apple and LinkedIn. They chose Sui as the platform because Sui has exceptional scalability and innovation, providing developers with a more efficient way of operation. The name NAVI also carries significant meaning, representing friendliness, as the founders hope to create a user-friendly Web3 bank open to ordinary people.

NAVI itself has also secured $2 million in funding from OK and Sui Network. With such a strong backing, it starts off on a high note!

2. The Big Brother in the Sui Ecosystem

NAVI, an all-rounder on the Sui chain, combines lending, liquidity staking, and DEX aggregation into one package, with a total locked value (TVL) of up to $381 million, ranking first in DeFi on Sui. The entire market size is $429 million, with total loans amounting to $121 million. Just looking at these numbers, it's clear that it is not just small play.

In the BTCFi (Bitcoin Finance) space, NAVI has attracted over $60 million in BTC cross-chain staking, accounting for more than 60% of BTC staking across the entire Sui network. Players are confident to entrust such a precious asset as Bitcoin to it, showing its stability and security.

NAVI also underwent a brand upgrade, fully reviving its product line and introducing new features. The four letters N-A-V-I, when broken down, are all substantial content:

N: NAVI Lending, the core business of lending, stable as a mountain;

A: Astros, DEX aggregation, maximizing trading efficiency;

V: Volo, liquidity staking, releasing asset vitality;

I: Yet to be announced, leaving a suspense for now;

3. NAVX Token Economics

Since the TGE issuance began, the team has not stopped working hard to build, bringing $NAVX to major exchanges like OKX, Bybit, and Bitget. Especially this time on OKX, it is definitely a key milestone. After all, OKX is known for its strict listing criteria, which indirectly proves the hard strength of NAVI Protocol.

It currently manages an asset scale of $200 million, with 800,000 users supporting, showing its strength cannot be underestimated. The $NAVX is its native token, with a total supply of 1 billion coins, clearly allocated:

45.8% for incentivizing TVL growth, activities, and airdrops, making early supporters ecstatic!

20% for the team, ensuring long-term development motivation.

16% allocated to investors and advisors, with institutional funds entering the scene, not just small play.

4% for market makers, stability in liquidity ensures a smooth trading experience.

Additionally, 3% of the budget is specifically allocated for promotion, ensuring a strong market presence.

Now, users can also provide liquidity for NAVX/SUI and NAVX/vSUI trading pairs in the DEX, earning LP token rewards, essentially acting as a dealer themselves.

4. The Unique Aspects of Navi Protocol

1. Security is guaranteed

NAVI runs on Sui, using Sui's unique object-oriented architecture, which inherently provides defense against hackers, making it more secure than traditional blockchains. Moreover, the protocol has been audited by OtterSec and Movebit, ensuring solid security.

2. Fast Speed

With the support of Sui, operations are completed in less than a second, and settlements take just a few seconds. Even with more users, the speed remains unaffected, which is a significant improvement over many traditional blockchains.

3. User Experience is Thoughtful

A good-looking interface is just the beginning; NAVI also collaborates with big brands like OK and Bg to hold events and offer benefits, making the points leaderboard feel like a game—addictive to play.

5. The Conclusion

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