Sui Foundation Invests In Scallop To Boost Ecosystem Growth

According to PANews, the Sui Foundation has announced an investment in the Sui ecosystem lending protocol, Scallop. This investment aims to strengthen Scallop's leadership within the Sui ecosystem and support its further growth and the deployment of new features. Earlier, on October 2, it was reported that Scallop's total lending amount had surpassed $100 billion, with $2.2 billion attributed to flash loans. Additionally, the aggregator interaction volume exceeded 57 million. Scallop's Total Value Locked (TVL) also reached a historic high of $167 million.