Posted 1/31/2024, 9:13:00 AM
Sui Becomes Top 10 DeFi Platform in Under a Year, Developers Flock to $430M Ecosystem
- Sui blockchain entered top 10 DeFi platforms in less than a year, with over $430M in total value locked
- Sui uses delegated proof-of-stake consensus and has native SUI token for fees and staking
- Sui now has 22 DeFi protocols, with 2 over $100M TVL and 4 over $40M TVL
- SUI token price surged 109% in January to a record high of $1.65
- Sui integrated with Banxa for fiat on-ramps and off-ramps through Sui Wallet