The overall worth locked (TVL) has jumped by greater than 1,000% in 4 months, catapulting the blockchain above extra established incumbents similar to Bitcoin and Cardano, in addition to Coinbase’s layer-2, Base. The greenback worth of cryptocurrencies deposited in its decentralized finance (DeFi) protocols topped $430 million, making it the Tenth-largest blockchain by TVL, Sui mentioned. As of writing, it had slipped to No. 11, behind PulseChina, DeFi Llama knowledge present.
