The total value locked (TVL) has jumped by more than 1,000% in four months, catapulting the blockchain above more established incumbents such as Bitcoin and Cardano, as well as Coinbase’s layer-2, Base. The dollar value of cryptocurrencies deposited in its decentralized finance (DeFi) protocols topped $430 million, making it the 10th-largest blockchain by TVL, Sui said. As of writing, it had slipped to No. 11, behind PulseChina, DeFi Llama data show.
Source: https://www.coindesk.com/tech/2024/01/31/sui-becomes-a-top-10-defi-blockchain-in-less-than-a-year/?utm_medium=referral&utm_source=rss&utm_campaign=headlines