- Sui’s total value locked (TVL) in DeFi has surpassed $150 million in just over 6 months, placing it in the top 20 blockchains by TVL
- Sui has processed more transactions than Bitcoin, showcasing superior scalability and efficiency, including a new record for transactions in one day
- Partnerships with Cetus, Hub71, and others are expanding Sui’s reach globally and enabling greater adoption of the network
Sui, the pioneering Layer 1 blockchain created by Meta’s former Diem team, has seen tremendous growth since launching its mainnet just over 6 months ago. The total value locked (TVL) in Sui’s DeFi ecosystem has now surpassed $150 million according to DefiLlama, placing it within the top 20 blockchains by TVL.
Sui’s On-Chain Activity Surges
In addition to the 500% increase in TVL since September, Sui has bridged over $100 million in stablecoins to its network. Sui has also processed more transactions than Bitcoin, demonstrating its superior scalability and efficiency. Recently, Sui set a new record for the most transactions by any blockchain in a single day.
Partnerships Expand Sui’s Reach
Sui’s growth is supported by partnerships enabling greater adoption. Independent DeFi project Cetus surpassed $1 billion in transaction volume on Sui. Sui also partnered with Abu Dhabi’s Hub71 technology incubator to introduce UAE startups to Sui. These collaborations expand Sui’s presence globally.
Sui’s Design Enables Seamless Usability
With its unique object-centric architecture and fast transaction speeds, Sui is positioned for mass adoption. Its simplicity enables rapid development, while its performance facilitates use at scale. As Web3 prepares for accelerated growth, Sui’s well-designed network aims to be at the forefront.