According to @DefiLlama, $SUI ranks in the top 10 of all chains with a total value locked (TVL) of over $402 million! And it is the only non-evm public chain among the top ten
This wave of SUI’s TVL increase mainly comes from the defi project NAVI in its ecosystem:
As the first native liquidity infrastructure in the Sui ecosystem, many people regard NAVI as AAVE 2.0 in the Sui ecosystem. The project provides users with a liquidity provider through mechanisms such as over-collateralization, dynamic interest rates, and health coefficients. Entrance for investors or borrowers to participate in the Sui ecosystem
And some important DeFi protocols and projects choose to build or migrate on Sui, which shows the market’s confidence in Sui. For example, the expansion or transfer of important protocols such as Solend and Bluefin shows recognition of Sui technology and ecosystem
The strength of sui ecology in this bull market may have the opportunity to enter the top 20 in market value!
Note: Please judge the risk based on your own trading strategy
