NAVI Protocol

Value

USDC

Higher

<ul class="wp-block-list news-points">
 <li>Sui Network’s TVL has surged to an all-time high of $897.61 million.</li>
 <li>SUI token’s price rose 61.83% in the past 30 days.</li>
 <li>NAVI Protocol is the top protocol on Sui and NAVX surged 94.19% in the past week.</li>
</ul>
Sui Network (SUI), a layer-1 blockchain network that is relatively new to the digital asset space, has witnessed a massive growth in its total value locked (TVL) recently, recording a new all-time high (ATH) amid a recovering crypto market.&nbsp;
According to the <a href="https://defillama.com/chain/Sui" target="_blank" rel="noopener noreferrer nofollow">data</a> from DefiLlama, the TVL of the L1 network rose to a massive $897.61 million, making a new all-time high from a spike in interest and developer activity. The blockchain boasts a stablecoin market cap of $408.78 million, with NAVI Protocol, a modular DeFi platform offering crypto lending services, leads the pack.
NAVI’s TVL jumped a remarkable 34.31% in the past week, including a 7.22% rise in the last 24 hours. The protocol’s native token, NAVX, also saw a massive 94.19% increase in the past week, outperforming most cryptocurrencies, according to CoinMarketCap <a href="https://coinmarketcap.com/currencies/navi-protocol/" target="_blank" rel="noopener noreferrer nofollow">data</a>.
The surge in SUI’s TVL can likely be traced back to the recent announcement from USDC issuer Circle, confirming the integration o…
The post <a href="https://coinedition.com/usdc-integration-drives-sui-networks-total-value-locked-higher/" rel="noopener noreferrer nofollow">USDC Integration Drives Sui Network’s Total Value Locked Higher</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

USDC Integration Drives Sui Network’s Total Value Locked Higher

Coin Edition

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