The Sui public chain's DeFi ecosystem has exploded with TVL surpassing $282 million.

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The Sui public chain ecosystem is developing rapidly, and DeFi projects are performing outstandingly.

Recently, the native token (SUI) of the Sui public chain has seen a significant price increase, reaching a high of 1.36 USD, almost returning to its highest level since launch, and surpassing its competitor in the MOVE ecosystem.

Data shows that the Total Value Locked (TVL) in Sui continues to rise, surpassing $275 million on January 13, reaching $282 million. This steady growth trend may have contributed to the rebound in the price of SUI tokens.

Token Incentives Under Sui Ecosystem Prosperity: A Glimpse into the Latest Decentralized Finance Project Dynamics

In terms of ecological development, the Sui Foundation actively promotes various initiatives, including developer grants, project funding, and educational support. As of January 12, 86 projects have been funded, totaling $4.72 million. Additionally, Sui has provided extra support for liquid staking, having announced a contribution of 25 million SUI tokens to increase liquidity for liquid staking tokens (LST) across various DeFi protocols.

The Prosperity of the Sui Ecosystem Under Token Incentives: A Glimpse into the Latest Decentralized Finance Project Dynamics

Sui seems to be continuously providing token incentives for leading DeFi projects, with almost all top DeFi projects having officially allocated SUI token rewards. This incentive mechanism promotes ecological development, which in turn may drive up the price of SUI, creating a virtuous cycle.

The following is the development status of several major DeFi projects in the Sui ecosystem:

  1. NAVI Protocol: A lending protocol that has seen a 208% increase in TVL over the past month. Deposits and loans of SUI, USDC, and USDT can all earn incentives, with deposit interest generally higher than loan interest, allowing for arbitrage through circular lending.

Token Incentives under the Sui Ecosystem Prosperity: A Glimpse into the Latest Decentralized Finance Project Dynamics

  1. Cetus: The largest DEX on Sui, consistently ranking first in TVL. It has a close relationship with Sui's official team, such as co-hosting hackathons and other events. During times of significant market volatility, some trading pairs can yield high returns.

Sui Ecosystem Prosperity Under Token Incentives: A Glimpse into the Latest Decentralized Finance Project Dynamics

  1. Scallop: Another lending protocol, currently users can earn SUI token rewards. The deposit APR is about 20%, but the borrowing volume is relatively low.

The Prosperity of the Sui Ecosystem Under Token Incentives: A Glimpse into the Latest Decentralized Finance Project Dynamics

  1. DeepBook: An order book DEX built by the Sui Foundation and MovEx team, which other Decentralized Finance protocols can integrate its liquidity. As a public infrastructure, it may not issue additional governance tokens.

The prosperity of the Sui ecosystem under token incentives: A glimpse into the latest Decentralized Finance project dynamics

  1. FlowX Finance: DEX, TVL continues to grow. Providing liquidity can earn SUI token rewards, with some trading pairs having an APR of up to 36%.

Token incentives under the Sui ecosystem's prosperity: A glimpse into the latest Decentralized Finance project dynamics

  1. Aftermath Finance: Provides LST, AMM DEX, and trading aggregator services. Some liquidity pools offer SUI token incentives, with an APR of approximately 28% for stablecoin trading pairs.

The Prosperity of the Sui Ecosystem Under Token Incentives: A Glimpse into the Latest Decentralized Finance Projects

  1. KriyaDEX: A spot and perpetual contract DEX that allows users to lock liquidity to obtain a higher APR, with a maximum of up to 40.94%.

Token incentives driving the prosperity of the Sui ecosystem: A glimpse into the latest Decentralized Finance project dynamics

Overall, the projects leading in TVL within the Sui ecosystem are mainly concentrated in three categories: liquid staking, lending, and DEX. Liquid staking projects can obtain additional liquidity support, with APR in DEX generally around 30%; lending projects like NAVI Protocol and Omni BTC have seen rapid growth recently; in the DEX field, Cetus still maintains a leading position. The vigorous development of these projects reflects the overall prosperity of the Sui ecosystem.

Token Incentives Under Sui Ecosystem Prosperity: A Glimpse into the Latest Decentralized Finance Project Dynamics

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LiquidityWizardvip
· 07-14 03:19
actually the tvl metrics indicate a 69.4% probability of sustainable growth... statistically significant tbh
Reply0
NervousFingersvip
· 07-14 03:19
Oh, the air is filled with the smell of sui~
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OnchainHolmesvip
· 07-14 03:19
I'm a sucker, play people for suckers and that's it.
View OriginalReply0
MercilessHalalvip
· 07-14 03:19
Pretty awesome, have you guys bought it?
View OriginalReply0
ImpermanentPhobiavip
· 07-14 03:18
Sui is really good!
View OriginalReply0
ThesisInvestorvip
· 07-14 03:10
Watching the excitement in the front row and making money~
View OriginalReply0
LiquidityWitchvip
· 07-14 03:07
🐳liquid market小精灵?

Please generate a comment for this article in Chinese:

It's still somewhat valuable.
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