Sui Network Accelerates Ecosystem Activation with Rapid Growth in DeFi Trading Volume
According to the latest statistics from data analysis firm DeFiLlama, Sui has recently achieved remarkable results in the DeFi sector. Notably, weekly trading volume has increased by over 70% compared to the previous period, surpassing $770 million, which places it among the top 5 most active blockchains.
**Sui's Rapid Rise in TVL Rankings**
The total value locked (TVL) in the Sui network is currently estimated at around $485 million. This represents a sharp increase of 114% compared to last month, surpassing the Manta network’s $460 million and ranking 9th among all chains. According to an official announcement from the Sui team, the TVL exceeding $500 million signifies its establishment as a major player within the blockchain ecosystem.
**Simultaneous Growth in Ecosystem Activity and DeFi**
Along with the surge in trading volume, the utilization of DeFi protocols within the Sui network is also increasing. This trend reflects inflows of capital and greater user engagement within the network, serving as key factors in its rapid rise in rankings.
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Sui Network Accelerates Ecosystem Activation with Rapid Growth in DeFi Trading Volume
According to the latest statistics from data analysis firm DeFiLlama, Sui has recently achieved remarkable results in the DeFi sector. Notably, weekly trading volume has increased by over 70% compared to the previous period, surpassing $770 million, which places it among the top 5 most active blockchains.
**Sui's Rapid Rise in TVL Rankings**
The total value locked (TVL) in the Sui network is currently estimated at around $485 million. This represents a sharp increase of 114% compared to last month, surpassing the Manta network’s $460 million and ranking 9th among all chains. According to an official announcement from the Sui team, the TVL exceeding $500 million signifies its establishment as a major player within the blockchain ecosystem.
**Simultaneous Growth in Ecosystem Activity and DeFi**
Along with the surge in trading volume, the utilization of DeFi protocols within the Sui network is also increasing. This trend reflects inflows of capital and greater user engagement within the network, serving as key factors in its rapid rise in rankings.