The Sui Network is a major player in the DeFi space and has proved itself as the second largest non-EVM DeFi ecosystem. One of the biggest drivers of this increase is the NAVI Protocol, which accounts for as much as 40% of Sui’s TVL, equal to $1B. This kind of growth pattern can be attributed to Sui’s potential trend related to the steady rise of DeFi and to NAVI being among the first to enter this market.
@SuiNetwork is now the 2nd largest non-EVM DeFi ecosystem, and @navi_protocol is key to this growth, holding ~40% of Sui’s $1B in TVL.NAVI is built on innovative DeFi rails, making the innovation of yieldcoins a natural fit.So what can you do on NAVI with tokenized RWAs?… pic.twitter.com/bF0W353x7l
— Ondo Finance (@OndoFinance) October 21, 2024
NAVI Protocol: The Heart of Sui’s DeFi Ecosystem
Since its launch, NAVI has emerged as an ideal platform on the Sui blockchain to enhance Defi activities. NAVI has proposed lending and leverage products as the largest protocol within the network. Following the acquisition of USDY, a yield-bearing token, NAVI is advancing Defi on Sui and bringing innovative models for RWAs tokenization with new revenue and credit streams.
How NAVI is Revolutionizing DeFi on Sui
NAVI has benefited from its proper usage of USDY to allow users to access various financial platforms in the decentralized domain. Key ways NAVI is changing the game include:
When integrating USDY into the platform, NAVI enables users to generate income with the help of a U.S. Treasury-secured token. This stable yield specifically entails consideration by investors searching for reliable passive income in the somewhat volatile landscape of DeFi.
As a mediator, NAVI provides clients with simplified access to lending and borrowing USDY. Thus, consumers can lend out tokens to earn interest or borrow coins or tokens with their holdings.
Through NAVI, leverage vaults with the assistance of USDY are provided to strengthen the yield-earning capabilities of the customer’s property. These automated vaults adapt to current liquidity supply and demand, allowing users to earn money without tracking constantly.
Driving Innovation with Real-World Asset Tokenization
Integration with USDY is only one of the innovative steps that NAVI is taking to advance RWAs on Sui. By enabling the creation and trading of these assets on-chain, Defi is simply given new opportunities.
Navi has implemented the pricing models to offer secure, risk-free valuation through a highly diversified Oracle system. NAVI has also created an environment oriented towards users, addressing both ease of use and multiple layers of protection. From its beginning, the NAVI protocol has progressed in parallel with Sui, and the recent rapid growth attests to the successful integration of the two platforms.
Sui Network’s Bright Future Powered by NAVI
More outputs are expected as more projects join the Sui Network, thanks to NAVI’s leadership in this emerging space. Due to the early start, a strong focus on the selection of products, and an intrinsic focus on innovation, Navi will become one of the leaders in developing DeFi solutions for years to come.
