USDC Integration Drives Sui Community’s Whole Worth Locked Greater

• Sui Community’s TVL has surged to an all-time excessive of $897.61 million.
• SUI token’s worth rose 61.83% prior to now 30 days.
• NAVI Protocol is the highest protocol on Sui and NAVX surged 94.19% prior to now week.

Sui Community (SUI), a layer-1 blockchain community that’s comparatively new to the digital asset house, has witnessed a large development in its whole worth locked (TVL) just lately, recording a brand new all-time excessive (ATH) amid a recovering crypto market. 

In accordance with the information from DefiLlama, the TVL of the L1 community rose to an enormous $897.61 million, making a brand new all-time excessive from a spike in curiosity and developer exercise. The blockchain boasts a stablecoin market cap of $408.78 million, with NAVI Protocol, a modular DeFi platform providing crypto lending providers, leads the pack.

NAVI’s TVL jumped a outstanding 34.31% prior to now week, together with a 7.22% rise within the final 24 hours. The protocol’s native token, NAVX, additionally noticed a large 94.19% improve prior to now week, outperforming most cryptocurrencies, based on CoinMarketCap knowledge.

The surge in SUI’s TVL can doubtless be traced again to the latest announcement from USDC issuer Circle, confirming the combination o…

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