$SUI TVL passes $1.7B amid lending platform rivalry – What’s next? - AMBCrypto Analytics

Sui Network's decentralized finance (DeFi) ecosystem recently achieved a major milestone with a surge in Total Value Locked (TVL), reaching $1.79 billion. This growth, driven largely by lending platforms like Suilend and NAVI Lending, which together account for 58% of the network’s locked assets, highlights the increasing adoption of SUI’s DeFi landscape.

Sui’s TVL growth has been remarkable, having consistently risen from modest beginnings to hit an all-time high of $1.8 billion on December 12. This surge parallels the rising price of SUI, which traded at $4.38 at press time, above its 50-day moving average, signaling continued bullish momentum.

Despite approaching overbought territory with an RSI of 61.65, SUI’s price shows potential for further upside. If it holds above $4.20, a push toward the next resistance level of $5 could be in the cards. With key DeFi platforms driving this rise, Sui appears positioned for sustained growth.