Sui blockchain continues to gain momentum in decentralized finance (DeFi) and real-world Web3 applications, with its Total Value Locked (TVL) soaring to $2.093 billion. This reflects a 2.12% increase over the past 24 hours, driven by accelerated user activity across lending platforms and Web3 integrations.
Key Highlights:
- 78.86% monthly TVL growth in lending protocols.
- Binance now supports Sui airdrops and Alpha Points mining.
- Mojito Loyalty launches Web3-branded rewards for real-world brands.
- Despite TVL growth, SUI token price dipped 2.13% to $3.91.
NAVI Token Listing Boosts Liquidity in Sui Ecosystem
NAVI Protocol, Sui’s largest lending platform, has spearheaded the chain’s DeFi growth. Its native token, NAVX, debuted on OKX and later listed on Binance Alpha, enhancing liquidity for staking and lending activities.
👉 Explore NAVX staking opportunities
Binance’s support for Sui ecosystem airdrops and low-slip trading further cements NAVX’s appeal. These developments position Sui as a viable Layer 1 competitor alongside Solana, Avalanche, and Near.
Mojito Loyalty Targets $155B Global Loyalty Market
Beyond DeFi, Sui’s infrastructure powers real-world adoption. Mojito Loyalty, a gamified blockchain rewards system, enables brands like Mercedes-Benz and Sotheby’s to integrate on-chain incentives directly into Web2 interfaces—no third-party dashboards required.
Early Success:
- Partner Cur8 reported 1,400+ completed user tasks post-launch.
- The global loyalty market is projected to hit $155 billion by 2029.
Mojito’s white-label Web3 solution offers a decentralized alternative to traditional CRM systems, leveraging Sui’s scalable infrastructure.
SUI Price Dip Contrasts Ecosystem Growth
Despite rising TVL, SUI’s price dropped 2.13% to $3.91. Analysts attribute this to market volatility but highlight long-term potential:
- 78.86% monthly TVL growth in Sui lending protocols.
- Institutional and retail interest surges due to favorable yields and user-friendly designs.
👉 Learn about Sui’s DeFi incentives
FAQ Section
Q1: What’s driving Sui’s DeFi growth?
A: NAVI Protocol’s lending solutions and Binance listings are key catalysts.
Q2: How does Mojito Loyalty work?
A: It embeds blockchain rewards into brand interfaces without requiring wallets.
Q3: Why is SUI’s price down despite TVL growth?
A: Short-term market fluctuations overshadow adoption metrics.
Q4: What’s Sui’s competitive edge?
A: Scalability, low fees, and enterprise-grade Web3 integrations.
DefiLlama data underscores Sui’s resilience, with lending protocols contributing significantly to its $2.093B TVL. As adoption expands, Sui is poised to sustain its DeFi and real-world Web3 leadership.