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Sui announces 12 projects from its first Hydropower Accelerator Program

The Sui Foundation has completed its first Hydropower Accelerator program, graduating twelve projects that will continue building their solutions and utilizing the Sui ecosystem. The selected projects cover a range of sectors, including DeFi, real-world assets, and digital gifting. The Hydropower Accelerator program provides mentorship, learning, and resources for startups building on the Sui network. In addition, Sui plans to offer more programs in the future to support builders. The Sui ecosystem has experienced significant growth, with a peak TVL of $1.8 billion in Q4 2024 and partnerships with Ant Digital Technologies and ZAN. The Sui Foundation also addressed allegations of insider token sales and assured the management of token lockups.

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