NAVI Protocol’s borrowing amount on Sui Network grew from $60 million at the beginning of March to $66 million at the end of March

According to Wu, a tweet from crypto data research company OpenBlock shows that the borrowing amount of NAVI Protocol, the current DeFi project with the largest TVL on Sui Network, has steadily increased from $60 million in early March to $66 million at the end of March, grabbing more market share compared to its competitors Scallop and Suilend. USDC and USDT stablecoin pools maintained high utilization, reaching 48-49% at peak times. The SUI pool stabilized at 26-31%, while WETH soared to 47% on March 3, indicating an increase in activity.