CandleFocus Sui Network Surpasses Avalanche in TVL, Reaches $1 Billion in DeFi Ecosystem
2024-09-24
Author: Content Editor
Sui Network has surpassed Avalanche in Total Value Locked (TVL), reaching over $1 billion. This achievement highlights Sui's growing presence in the decentralized finance space and its ability to attract users and developers with its scalability and lower transaction costs. Sui's rise in TVL reflects its appeal and capability to support a growing number of DeFi platforms. This competitive shift in the DeFi sector emphasizes the intense competition for higher TVL figures among blockchain platforms. Despite a decline in the price of SUI token, its market capitalization stands at $4.13 billion, ranking it 22nd among cryptocurrencies.
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