Scallop

Value

DeFi

<ul>
 <li>Sui Network's TVL surged to $810.5M, up 283% year-to-date.</li>  
 <li>SUI token increased 30% in a week, showing growing market confidence.</li>  
 <li>DeFi protocols like NAVI and Scallop Lend drove Sui's rapid growth.</li> 
</ul>  
<p>The Total Value Locked (TVL) at <a href="https://cryptonewsland.com/sui-network-boosts-defi-with-native-usdc-and-seamless-cross-chain-transfers/" target="_blank" rel="noopener noreferrer nofollow">Sui Network</a> soared to a new high of $810.5 million on September 19, according to DefiLlama. During the same period, the SUI token also surged, rising over 30% in the last week, based on <a href="https://www.coingecko.com/" target="_blank" rel="noopener noreferrer nofollow">CoinGecko’s data</a>. This sharp growth occurred despite recent market fluctuations, showing increased confidence in Sui’s platform.</p>  
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  https://twitter.com/CryptoBullet1/status/1836692192481444314
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<h2 class="wp-block-heading" id="h-defi-protocols-powering-sui-s-growth">DeFi Protocols Powering Sui’s Growth</h2>  
<p>Sui’s TVL has grown by 283% year-to-date, starting from $211 million. TVL measures the total amount of cryptocurrency locked into DeFi protocols, mainly for activities like lending and trading derivatives.&nbsp;</p>  
<p>This growth reflects rising interest in Sui’s offerings. All of the top <a href="https://blog.sui.io/tag/defi/" target="_blank" rel="noopener noreferrer nofollow">DeFi protocols on Sui</a> have seen significant gains recently.&nbsp;</p>  
<p>NAVI Protocol, one of Sui’s lending platforms, grew its TVL by 16.5%, reaching $310 million. Scallop Lend, another lending protocol, increased its TVL by 19.5%, bringing its total to $140.5 million.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-sui-token-s-price-surge">SUI Token's Price Surge</h2>  
<p>Along with the TVL surge, the <a href="https://cryptonewsland.com/altcoins-gains-momentum-after-us-fed-rate-cut-sui-and-fantom-leads/" target="_blank" rel="noopener noreferrer nofollow">SUI token</a> has been one of the top performers in the crypto market this week. Its 30% price spike signals growing confidence in Sui’s potential.&nbsp;</p>  
<p>Even with some TVL dips during earlier market corrections, Sui has shown resilience. This latest increase suggests that investors believe in the platform’s long-term value.</p>  
<p>The combination of rising TVL and SUI’s price surge points to a network on the rise. Looking ahead, both Sui’s DeFi ecosystem and its token’s price will be closely monitored.&nbsp;</p>  
<p>If this momentum continues, Sui could further establish itself as a key player in decentralized finance. Investors and market watchers are eager to see whether this resilient token will maintain the bullish momentum.</p> 
<p>The post <a href="https://cryptonewsland.com/sui-networks-tvl-reaches-new-heights/" rel="noopener noreferrer nofollow">Sui Network’s TVL Reaches New Heights as SUI Surges 30%</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Sui Network’s TVL Reaches New Heights as SUI Surges 30%

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