Sui (SUI) TVL surpasses $500 million, solidifying itself in the top 10 of DeFi ecosystems
2 months ago 1 min readSui’s Total Value Locked (TVL) increased by more than 1500% in the final five months of 2023 and has more than doubled since the beginning of 2024. Sui, one of the fastest-growing Layer 1 blockchains, has maintained its remarkable DeFi growth, surpassing $500 million in TVL and securing its place in the top 10 DeFi ecosystems. On-chain activity has skyrocketed in tandem with TVL’s wild ascent. With a weekly DeFi volume of $745 million, it is up 63% from the previous period and ranks among the top 5 most active ecosystems of the previous week. Sui’s steady ascent shows how