Sui TVL crosses $450 million

According to CoinDesk, Layer1 blockchain Sui's total value locked (TVL) has surpassed $450 million, increasing 10 times in four months, surpassing Cardano, Base, and others. Currently, it is the 11th highest TVL blockchain on DeFiLlama, second only to PulseChina. According to DeFiLlama data, there are currently 22 DeFi protocols on Sui, two of which have a TVL of over $100 million, namely Scallop Lend and NAVI Protocol.