Breaking the Tradition
Since its launch seven months ago, Sui is outstripping multiple native chains in bridging USDC liquidity.
Explosive Rise in DeFi
Sui, the Layer 1 blockchain developed by Meta’s Diem blockchain initiative leaders, has surpassed $100 million in bridged USDC, solidifying its place among the top DeFi protocols worldwide.
Pushing the Boundaries
Sui has also exceeded $175 million in Total Value Locked (TVL), consistently ranking within the top 25 blockchains for daily transaction volume and the top 15 by weekly volume.
Comment from Sui Foundation
According to Greg Siourounis, Managing Director of the Sui Foundation, surpassing $100 million in bridged stablecoins is a clear illustration of the remarkable success of the Sui community’s efforts.
Builders Fueling Growth
The network’s decentralized ecosystem and independent builders are driving the growth, with seven projects boasting over $10 million in TVL and 11 projects exceeding the $2 million mark.
Investment in Security Measures
In a strategic move, Sui announced an ecosystem investment with leading Web3 security firms OtterSec and Zellic, ensuring reliable security for independent ecosystem projects.
Grants for Pushing Adoption
In November alone, $500,000 in fresh Sui Grants were issued to advance the adoption of Sui and its growing DeFi ecosystem.
Learn More
For more information about the Sui Network, visit sui.io.
Contact Sui Foundation
Sui Foundation
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