Sui Joins DeFi Leaders, Topping $100M in Bridged USDC
Sui, a Layer 1 blockchain created by the team behind Meta's Diem blockchain initiative, has surpassed $100 million in bridged USDC just seven months after its launch. This achievement solidifies Sui's position as one of the top DeFi protocols globally and follows its recent milestone of surpassing $175 million in Total Value Locked (TVL). The network's success can be attributed to its decentralized ecosystem and independent builders, with seven projects standing at over $10 million in TVL and 11 projects exceeding the $2 million mark. Sui has also made strategic moves to fortify the security and reliability of its ecosystem, including an ecosystem investment with leading Web3 security firms OtterSec and Zellic.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Experts Anticipate a Surge for SUI Cryptocurrency Based on Positive Indicators
In Brief SUI cryptocurrency shows optimism through positive technical indicators. Experts believe SUI is poised for a potential upward movement. Institutional predictions suggest significant price levels could be reached for SUI.
Massive OM Token Burn Sparks Investor Debate and Market Tension
In Brief Mullin announced a significant burn of 300 million OM tokens to reduce supply. Investor confidence is shaken as whale movements raise concerns about potential sell-offs. Market sentiment remains crucial as analysts call for additional measures for recovery.
Who is Patrice Evra, French football legend, set to speak at Token 2049 Dubai?
Elon Musk Takes Dig at Crypto Scammers Posing as “Hot Girls”
Trending news
MoreCrypto prices
More
