Sui DeFi TVL hits $2.093B, up 2.12% in 24h

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Lending protocols post 78.86% monthly TVL growth.Binance supports Sui airdrops and Alpha Points farming.Mojito Loyalty launches for real-world brand rewards.The Sui blockchain is gaining momentum in decentralised finance (DeFi) and real-world Web3 applications, with its total value locked (TVL) in DeFi rising to $2.093 billion.This marks a 2.12% increase in the past 24 hours, as data points to accelerated user activity across lending platforms and Web3 integrations.As competition between Layer-1 chains intensifies, Sui’s performance highlights its growing relevance as a Solana alternative, backed by a surge in liquidity, token listings, and enterprise adoption.The network’s standout DeFi protocol, NAVI, and platforms like Mojito are playing key roles in driving this growth.NAVI token listings lift Sui ecosystem liquidityNAVI Protocol, the largest lending and borrowing platform on Sui, has led recent growth within the chain’s DeFi sector.Its native token, NAVX, has been listed on Binance Alpha following an earlier debut on OKX.These listings have improved NAVX liquidity, making it easier for users to engage with staking and borrowing features on the Sui chain.Binance has also pledged support for Sui ecosystem asset airdrops for active traders.The exchange’s low-slippage trading environment and integration of Alpha Points farming have made NAVX more accessible to users seeking yield strategies within the Sui ecosystem.NAVI’s visibility on top exchanges is helping to position Sui as a competitive Layer-1 network alongside Solana, Avalanche, and Near, while fuelling growth across DeFi markets.Mojito Loyalty platform targets $155b loyalty marketSui’s appeal extends beyond DeFi. Mojito, a Web3 infrastructure provider best known for powering NFT platforms for brands like Mercedes-Benz and Sotheby’s, has launched Mojito Loyalty—a gamified, blockchain-based rewards system built entirely on Sui.The platform allows brands to embed missions, on-chain rewards, and engagement tools directly into their Web2 interfaces without requiring extra wallets or third-party dashboards.Mojito Loyalty has already seen early success with partners such as Cur8, which reported over 1,400 user missions completed within weeks of launch.With the global loyalty market projected to hit $155 billion by 2029, Mojito’s Web3-native, white-label solution provides a decentralised alternative to traditional CRM systems.Its integration with Sui’s scalable infrastructure ensures seamless, cost-effective engagement for brands.SUI price drops despite ecosystem expansionDespite strong growth in TVL and new integrations, the SUI token is currently trading at $3.91, down 2.13% over the past 24 hours.While this decline contrasts with its ecosystem expansion, analysts suggest continued utility growth may drive long-term demand.Data from DefiLlama shows Sui lending protocols have recorded a 78.86% increase in TVL in the past month, contributing to the broader $2.093 billion now locked across its DeFi platforms.Rising incentives, favourable yields, and user-friendly designs have made Sui an increasingly attractive option for both institutional and retail DeFi participants.As market volatility continues to affect short-term token prices, the underlying adoption metrics across Sui suggest it is well-positioned for sustained traction in both the financial and commercial blockchain sectors.Share this articleCategoriesTagsSource link