SUI price and ecosystem both rise, Sui Foundation fully promotes Decentralized Finance development

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The native token SUI of the Sui public chain has seen a continuous rise in price recently, with its valuation nearly returning to the highest level since its launch, surpassing that of its MOVE system competitors. Meanwhile, the total Lock-up Position of Sui, (TVL), has been steadily increasing, climbing from $175 million in early December to $328 million by mid-January.

Behind this growth trend is the Sui Foundation's efforts to promote ecological development through various means. As of January 12, Sui has provided a total of $4.72 million in funding for 86 projects. In addition, Sui has provided additional support for liquid staking, including contributing 25 million SUI tokens to increase the liquidity of the liquid staking token (LST) in various DeFi protocols.

SUI seems to be continuing its token incentives for leading DeFi projects, with most top projects able to receive SUI token rewards allocated by the official. This incentive measure has promoted the development of the ecosystem, thereby driving the rise of SUI's price and creating a virtuous cycle.

Here is an overview of several major DeFi projects in the Sui ecosystem:

  1. NAVI Protocol: A rapidly growing lending protocol, with a TVL increase of 208% in the past month. Users can earn incentives in SUI, USDC, and USDT through deposits and loans.

  2. Cetus: The largest DEX on Sui, closely related to Sui's official team. During significant market fluctuations, its trading pairs can generate substantial returns.

  3. Scallop: Another lending protocol that offers SUI Token rewards. Users can earn approximately 20% APR through deposits or circular borrowing.

  4. DeepBook: An order book DEX built by the Sui Foundation and the MovEx team, which can be integrated into other DeFi protocols.

  5. FlowX Finance: An ever-growing DEX that offers SUI token rewards, with stablecoin trading pair APRs of up to 36%.

  6. Aftermath Finance: Provides LST, AMM DEX, and trading aggregator services, with primary liquidity coming from afSUI/SUI trading pairs.

  7. KriyaDEX: A spot and perpetual contract DEX that allows users to lock up liquidity for higher APR.

Overall, leading projects in the Sui ecosystem are mainly concentrated in three categories: liquid staking, lending, and DEX. Liquid staking projects receive additional support from Sui, with APRs in DEX projects around 30%; lending projects like NAVI Protocol and Omni BTC have seen rapid growth recently; while in the DEX field, Cetus still maintains a leading position.

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AirdropChaservip
· 15h ago
Mark the strength of the fund pump
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LiquidityWitchvip
· 15h ago
The rise of SUI is unstoppable.
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TokenUnlockervip
· 07-09 06:45
The future is bright!
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WalletAnxietyPatientvip
· 07-09 06:43
If the project can't run, just leave.
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RooftopVIPvip
· 07-09 06:42
The terrace must rise to the floor.
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LeekCuttervip
· 07-09 06:40
The treasure has been sent, but you can't enter a position.
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GateUser-afe07a92vip
· 07-09 06:35
sui is about to reach its peak.
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HypotheticalLiquidatorvip
· 07-09 06:30
The new suckers have arrived.
View OriginalReply0
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