Sui's status report for the past 2 quarters: DEX trading volume increased by 3,689%, with an average of 24,000 daily active addresses

ChainCatcher news, Messari released the Sui Q1 2024 and Q4 2023 status report, showing that Sui's average daily DEX trading volume increased by 3,689% over the past two quarters, reaching $78 million. Cetus and DeepBook lead with average daily DEX trading volumes of $37 million and $26 million, respectively.

Projects primarily built on Sui raised $11.3 million in Q1 2024, which is 31% higher than the total amount raised by Sui projects throughout 2023. The projects that raised funds in the first quarter include Talofa Games, Scallop, NAVI, Cetus, and Karrier One.

Sui's DeFi TVL grew by 1,459% over the past two quarters to $786.6 million. Incentive programs helped drive this growth, with several top protocols, including NAVI, Scallop, and DeepBook, launching or announcing tokens in Q1 2024.

During the on-chain gaming event Quest 3, Sui had an average of 151,000 daily active addresses, peaking at 453,000. Excluding this period, Sui's average daily active addresses over the past two quarters were 24,000.