SUI Network continues to impress crypto investors and decentralized finance (DeFi) users. The network’s TVL recently reached a record-breaking $1.004 billion, highlighting its growing popularity among DeFi protocols. This is a significant development for the ecosystem, which continues to gain momentum, attracting more developers and investors.
Growth Leaders: NAVI Protocol and Scallop Lend
Two lending protocols stand out in particular, NAVI Protocol and Scallop Lend, which have become the main drivers of TVL growth on the network. Both protocols have increased their figures by 15-20% over the past week, highlighting the growing interest in decentralized solutions within the SUI network.
NAVI Protocol and Scallop Lend offer convenient and innovative solutions for borrowers and liquidity providers, making them attractive to DeFi ecosystem participants. These protocols facilitate the development of lending and borrowing in the decentralized space, which increases their demand among users.
Record TVL levels demonstrate growing confidence in the SUI Network and its ecosystem. This not only highlights the high activity of developers and users, but also creates opportunities for investors who see DeFi as a promising area. Increased interest in the SUI Network can lead to an increase in the value of assets in this ecosystem, making it attractive for long-term investments.
If you haven't looked into SUI Network yet, it might be worth taking a closer look at this blockchain as its ecosystem shows significant growth potential.
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