Sui, a Layer 1 blockchain and smart contract platform, has achieved remarkable growth since its mainnet launch just over six months ago. It has surpassed $150 million in Total Value Locked (TVL), placing it among the top 20 blockchains in TVL. The platform has also surpassed $100 million in bridged stablecoins and has processed more on-chain transactions than Bitcoin. This growth is supported by a vibrant community and a network of independent DeFi projects. Cetus, a leading DEX and liquidity protocol within the Sui ecosystem, recently surpassed $1 billion in total transaction volume. Sui is also expanding its global reach through partnerships, such as the recent collaboration with technology incubator Hub71. With its object-centric model and scalability, Sui is poised for mass adoption in the Web3 industry. Builders, users, and organizations can learn more about the network at https://sui.io.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Middle East |
| Countries | 🇰🇾 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Greg Siourounis |
| Companies | DefiLlama, Sui Foundation, Hub71, Cetus |
| Currencies | None |
| Securities | None |
