Sui Network TVL Reaches Record High of $1.004 Billion

According to BlockBeats, the total value locked (TVL) on the Sui Network has reached a historic high of $1.004 billion as of September 19, 2024, based on data from DefiLlama. The NAVI Protocol, a lending protocol on the Sui Network, has seen its TVL rise to $399.55 million, marking a weekly increase of 15.46%. Similarly, Scallop Lend, another lending protocol, has achieved a TVL of $213.57 million, reflecting a weekly growth of 20.83%. Additionally, the lending platform Suilend has reported a TVL of $165.88 million, with a weekly increase of 15.14%.