Sui DeFi TVL Reaches $2.19 Billion Amid Price Rally Speculation
The Sui blockchain is emerging as a strong competitor in the DeFi sector, particularly against Solana. Its total value locked (TVL) has increased to $2.19 billion, with lending protocols seeing a 78.86% rise in the past month due to enhanced liquidity incentives and attractive yields.
Sui Blockchain DeFi TVL Growth
- TVL on Sui reached $2.19 billion
- NAVI Protocol is a key player in this growth
- NAVI token (NAVX) recently listed on Binance Alpha
- Strong interest from retail and institutional investors
Mojito Loyalty, a gamified loyalty platform built on Sui, enables brands to integrate on-chain rewards seamlessly. The loyalty market is projected to reach $155 billion by 2029.
SUI Price Analysis
- SUI price rose 16.7% to $4.00
- Market cap stands at $13.1 billion
- Institutional interest led to $11.7 million in inflows last week
- Year-to-date total inflows are $84 million, surpassing Solana's $76 million
- Potential for a "golden cross" could drive prices higher