<p><em><strong>In March, Sui’s decentralized exchange (DEX) volume surged to over $2.88 billion, marking a remarkable 49% increase from February. Leading this growth were the decentralized exchange Cetus and the wholesale liquidity layer DeepBook.</strong></em></p><h2 id="header-0">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>Sui, known for its fast performance and limitless scaling capabilities, has quickly climbed the ranks to become one of the top ten blockchains by weekly DeFi volume. It recorded over $830 million in trading <a href="https://cryptosheadlines.com/17-significant-developments-cryptocurrencies-poised-for-active-week/" rel="noopener noreferrer nofollow">activity over the past week</a>, according to data from DeFiLlama, with $224 million traded in the last 24 hours.</p><h2 id="header-1">Sui’s DeFi Milestones and Technological Advancements</h2><p>Sui has <a href="https://cryptosheadlines.com/ripple-achieves-milestone-secures-payment-license-in-singapore/" rel="noopener noreferrer nofollow">achieved significant milestones</a> in the decentralized finance (DeFi) space since the beginning of the year. Its <a href="https://cryptosheadlines.com/cardano-sets-sights-on-the-top-10-crypto-chains-by-total-locked-value/" rel="noopener noreferrer nofollow">total value locked</a> (TVL) surpassed $700 million earlier this week, marking a staggering 1900% increase since October. Additionally, Sui has been <a href="https://cryptosheadlines.com/shib-burn-jumps-850-leads-ethereum-whale-trade/" rel="noopener noreferrer nofollow">leading in outflows from Ethereum</a> via Wormhole during multiple seven-day periods in 2024.</p><p><a href="https://cryptosheadlines.com/binance-listed-altcoin-forms-major-partnership-with-formula-1-resulting-in-price-surge/" rel="noopener noreferrer nofollow">Sui has set a high standard for network</a> reliability, especially during periods of high traffic. In its first four months of mainnet operation, Sui processed 65.8 million transactions in a single day, the highest among any blockchain. Moreover, the network has maintained uninterrupted service without any outages or degraded performance throughout its existence.</p><p>Sui’s underlying technology is characterized by an object-centric model, horizontal scalability, and the developer-friendly Move programming language. Recent breakthroughs such as zkLogin and zkSend further enhance its capabilities, enabling developers to build products that address real-world challenges at scale.</p><p>Sui’s technological prowess has attracted top projects and developers to its ecosystem. For example, Suilend, a protocol developed by the team behind Solana’s largest lending protocol, Solend, expanded to Sui. Additionally, <a href="https://cryptosheadlines.com/coinbase-adds-ondo-finance-ondo-to-listings-with-transparency-emphasis/" rel="noopener noreferrer nofollow">Ondo Finance</a> introduced treasury-backed assets into the ecosystem, while Bluefin, a decentralized derivatives exchange, migrated from Arbitrum to Sui.</p><h2 id="header-2">Chika Moji New Memecoin Claim Instant 100,000 Chika Tokens $100 Free, Claim Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Red-and-White-Modern-Corporate-Sports-YouTube-Outro-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><h2 id="header-3"><strong>DeepBook: Fueling DeFi Growth on Sui Protocol</strong></h2><p>DeepBook, an integral component of the Sui Protocol, has witnessed a significant surge in volume during March, contributing to the flourishing DeFi ecosystem on the network. The Central Limit Order Book (CLOB) recorded over $940 million in volume since the beginning of the month, with a remarkable $289 million traded in the past week alone.</p><p><a href="https://cryptosheadlines.com/crypto-firms-resume-hiring-amid-market-recovery/" rel="noopener noreferrer nofollow">Also Read:   Crypto Firms Resume Hiring Amid Market Recovery</a></p><p>This surge underscores DeepBook’s role in providing extensive liquidity to all DeFi protocols and traders on Sui, boasting ultra-low <a href="https://cryptosheadlines.com/ethereum-mainnet-faces-25-minute-transaction-finalization-issue/" rel="noopener noreferrer nofollow">transaction costs and sub-second finality</a>.</p><p>Greg Siourounis, Managing Director of the <a href="https://cryptosheadlines.com/sui-foundation-counters-supply-manipulation-accusations/" rel="noopener noreferrer nofollow">Sui Foundation</a>, emphasized the uniqueness of Sui’s technology, attributing its success to features such as the Move language and object-centric architecture. These aspects enable a level of <a href="https://cryptosheadlines.com/hedera-hbar-secures-major-payment-innovation-partnership/" rel="noopener noreferrer nofollow">innovation that attracts partnerships</a>, protocol expansions, and independent developers.</p><p>The surging metrics in DeFi highlight Sui’s increasing prominence as the platform of choice in an industry ripe for cutting-edge technology and practical, real-world applications.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Sui’s Weekly DEX Volume Soars; Enters Top 10 Blockchain Rankings

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