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Sui Blockchain Surpasses $150 Million TVL and Sets New Transaction Record

  1. Home
  2. Bobs-News Categories Cryptocurrency Innovations
  3. Sui Blockchain Surpasses $150 Million TVL and Sets New Transaction Record
middle east 706 crypto positive
  • bob
  • 2023-12-01
  • Cryptocurrency Innovations
  • Cryptocurrency Market Analysis
  • Fintech and Blockchain Startups
  • Middle East
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)

Information Details
Geography Middle East
Countries 🇰🇾
Sentiment positive
Relevance Score 1
People Greg Siourounis
Companies DefiLlama, Sui Foundation, Hub71, Cetus
Currencies None
Securities None

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