The Sui blockchain's total value locked (TVL) in DeFi has increased to $2.093 billion, marking a 2.12% rise in the past 24 hours driven by accelerated user activity and Web3 integrations.
NAVI Protocol on Sui, the leading DeFi platform, saw growth with listings of its native token NAVX on Binance Alpha and OKX, boosting liquidity and accessibility for staking and borrowing features on the chain.
Mojito Loyalty, a gamified Web3 rewards platform on Sui, launched to tap into the $155 billion loyalty market, offering a blockchain-based alternative for brands seeking engagement with users through decentralised solutions.
Despite the expansion of the ecosystem, the SUI token price is currently at $3.91, down 2.13% in the last 24 hours. However, analyst insights indicate that continued utility growth may drive long-term demand amid rising TVL and adoption metrics across Sui's DeFi platforms.