🚀 Exciting Updates from Sui! 🌟

BlockBeats has revealed some groundbreaking insights from Messari's latest reports covering Q4 2023 and Q1 2024 for Sui, showcasing remarkable growth across the platform.

📈 **Daily DEX Trading Volume Soars**: Sui's daily DEX trading volume has skyrocketed by an astonishing 3,689% over the past two quarters, hitting a whopping $78 million. Leading the charge are Cetus and DeepBook, with daily volumes of $37 million and $26 million respectively.

💰 **Record-breaking Fundraising**: Projects built on Sui raised an impressive $11.3 million in Q1 2024, marking a remarkable 31% increase compared to the total raised in 2023. Notable projects include Talofa Games, Scallop, NAVI, Cetus, and Karrier One.

🚀 **Innovative Solutions**: Mysten Labs introduced Pilotfish, a cutting-edge execution extension solution enabling the distribution of execution work across multiple machines for a single validator.

💼 **DeFi TVL Surges**: Sui's DeFi TVL (Total Value Locked) witnessed a staggering 1,459% surge over the past two quarters, reaching a remarkable $786.6 million. Incentive programs spearheaded this growth, with top protocols like NAVI, Scallop, and DeepBook launching or announcing tokens in Q1 2024.

🎮 **On-chain Gaming Success**: During the on-chain gaming task Quest 3, Sui boasted an average of 151,000 daily active addresses, peaking at an impressive 453,000. Excluding this period, the platform maintained an average of 24,000 daily active addresses over the past two quarters.

Sui continues to redefine the landscape of decentralized finance with its unprecedented growth and innovative solutions. Stay tuned for more groundbreaking developments! 🌐 #Sui #DeFi #CryptoInnovation $SUI