Sui Network TVL Hits Record $1.192 Billion, Led by Surging Suilend and NAVI Protocol

COINOTAG news reported on September 26, citing data from DefiLlama, that the Sui Network has attained an all-time high in Total Value Locked (TVL), reaching an impressive $1.192 billion. Notably, the lending protocol NAVI Protocol contributed significantly to this milestone with a TVL of $454 million, marking a 14.16% increase on a weekly basis. Additionally, Scallop Lend reported a TVL of $245 million, reflecting a weekly growth rate of 16.01%. The lending platform Suilend also showcased a substantial performance, with its TVL reaching $208 million, which represents a remarkable 26.8% increase over the past week.