фото показано с : invezz.com

The Sui blockchain has seen increased traction within the decentralized finance world lately. Latest data shows the platform has joined the top ten DeFi networks by total value locked, outpacing established projects such as Bitcoin (BTC) and Cardano (ADA).

Sui has seen a staggering 1000% growth within four months. That has seen its total value locked (the USD amount of digital coins deposited into the protocol) hitting $448.32 million.

Sui’s latest growth has outpaced established projects such as Bitcoin and Cardano in DeFi adoption. The rapid user increase highlights the blockchain’s innovative technology.

The Sui blockchain has grown rapidly lately, onboarding 22 live decentralized finance protocols. Two DeFi networks have acquired $100M in TVL, whereas four exceeded $40 million in total value locked.

Also, the latest infrastructure enhancement, including Banxa integration, has propelled growth. Heightened platform activity has triggered a 109% price jump for SUI tokens.

Sui traded at $1.61 during this publication, following a 3.33% within the past day. The alt gained nearly 110% on its monthly price chart.

Increased adoption and growth have kept SUI elevated over the past two months.

The post Sui blockchain outshines Bitcoin (BTC) & Cardano (ADA) in TVL appeared first on Invezz

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