SUI TVL breaks through the 300 million dollar mark, a quick overview of the top 10 potential projects by ecological TVL
Top 10 potential projects in SUI ecosystem TVL rankings.Author: Web3 Insights
Since December, the SUI ecosystem has experienced an explosion, with TVL skyrocketing. On January 14, TVL surpassed the $300 million mark, with a weekly increase of over 80%. As of the time of writing, TVL has reached $320 million.
According to DefiLama, the top 10 projects by TVL are dominated by the Dex sector; the Lending sector's Scallop and NAVI Protocol occupy the top two spots, accounting for one-third of the SUI ecosystem's TVL.
This article organizes the introduction and usage methods of the top 10 potential projects by SUI ecosystem TVL:
Scallop
Scallop is the money market of the Sui ecosystem. By emphasizing institutional-grade quality, enhanced composability, and robust security, Scallop aims to build a dynamic money market that offers high-interest lending, low-fee borrowing, AMM, and asset management tools on a unified platform, providing SDKs for professional traders.
Currently, there is no public financing information, and it ranks first with a TVL of $60 million.
How to interact:
Open the Scallop official website, connect your wallet
Click on Lending
Select the currency and click [Supply] or [Withdraw] (above 5U)
Currently, Scallop is also hosting activities on the Web3 task platform. Users who interact with Scallop's lending above 5U meet the activity conditions.
After completing the interaction, you can submit the information below; winners can receive 10 SUI.
https://taskon.xyz/campaign/detail/31297
NAVI Protocol
Navi is a native one-stop liquidity protocol on Sui. It allows users to participate in the Sui ecosystem as liquidity providers or borrowers. Liquidity providers supply assets to the market, earning passive income through yields, while borrowers can flexibly obtain loans in different assets. Navi focuses on providing the necessary DeFi infrastructure and aims to be a key player in the rapidly growing DeFi world of the Sui ecosystem. The protocol's innovative features, such as automatic leverage vaults and isolation modes, enable users to leverage their assets and gain new trading opportunities with minimal risk. NAVI's design supports digital assets of varying risk levels, while its advanced security features ensure the protection of user funds and the mitigation of systemic risks.
How to interact:
Open the official website, connect your wallet
Choose [Supply] or [Borrow]
In addition to lending functions, NAVI Protocol also supports cross-chain functionality; click [Bridge & Swap]
After interaction, you can open Zealy. The Navi official website has developed a Zealy Leaderboard; the deeper the interaction, the higher the ranking, and there may be rewards later.
Cetus (Token Issued)
Cetus is a DEX and concentrated liquidity protocol focused on Move-based ecosystems like Aptos and Sui. The token has been issued, with a price of $0.1 and a circulation of 280 million.
Aftermath Finance
Aftermath Finance is a DEX platform based on Sui. Currently, it does not have its own platform token or financing information.
How to interact:
Open the official website, connect your wallet
Click Stake SUI
Enter the token amount and click [Stake]
Currently, the Aftermath official website has a reward activity for staking SUI.
FlowX Finance (Token Issued)
A DEX centered around the ecosystem built on Sui, this platform also offers customization services for developers, allowing them to easily establish deep and sustainable liquidity pools.
The platform has issued its own token $FLX, with the current token price at $2.51 according to official Twitter information.
Kriya DEX
The first derivatives exchange developed on SUI, enabling decentralized and transparent trading with guaranteed assets existing in users' accounts, with trading leverage of up to 20 times.
How to interact:
Open the official website, connect your wallet
Click [Spot], then select [Liquidity] from the dropdown menu
Currently, Kriya Dex has launched an activity; click [Rewards] to enter the activity page and check your progress.
Deepbook
DeepBook is a shared decentralized central limit order book exchange built for the Sui ecosystem, leveraging Sui's performance and providing low latency and high execution engines to spread liquidity throughout the DeFi ecosystem. Based on its attributes, and since the official website does not have a trading page, it is expected that it will not issue its own token, utilizing liquidity spread through aggregators like MovEx, Turbos, and Kriya.
Turbos (Token Issued)
Turbos Finance is a non-custodial liquidity layer on top of the Sui Network, providing an automated market maker (AMM) decentralized exchange with a concentrated liquidity market maker (CLMM) model and derivatives trading functionality. The current token price is $0.004.
Haedal Protocol
Haedal is a liquidity staking protocol based on Sui, allowing anyone to stake their Sui tokens to facilitate governance and decentralization of the Sui blockchain.
How to interact:
Open the official website, connect your wallet
Click [Stake], enter the token amount
Volo
Volo is a liquidity staking protocol that enables users in the Sui network to maximize their income while retaining access to their staked assets.
How to interact:
Open the official website, connect your wallet
Click [Stake], enter the amount
If you want to withdraw the staked assets, click [Unstake]
Among the top 10 projects by SUI ecosystem TVL, three projects have issued their own tokens: Cetus, FlowX Finance, and Turbos. Two projects have publicly stated that they will launch platform tokens: Haedal Protocol and Volo.
