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SuilendProtocol, also known as SolendProtocol on Solana, has taken a significant step by integrating with the Sui blockchain. It marks a pivotal moment for Solend, the largest lending and borrowing protocol on Solana, as it expands its services to a blockchain beyond its native platform for the first time.
The expansion of Solend from Solana to Sui is not only significant news for these two platforms, but also an indicator of the direction in which the DeFi world is moving.
Top Lending Protocol Expands to Sui for First Launch Outside of Solana
Unicorn crypto startup Mysten Labs wants to be the center of digital commerce with its open standard Sui blockchain.
Even as major cryptocurrencies including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are trading at psychologically important levels amid anticipation over approval of spot Bitcoin ETFs, a pseudonymous crypto strategist expressed a bullish stance on Cosmos (CRYPTO: ATOM) and hinted at the potential rise of the Solana (CRYPTO: SOL)-based meme coin BONK (CRYPTO: BONK), a rival to the popular Dogecoin (CRYPTO: DOGE). According to Altcoin Sherpa's analysis, Cosmos, a cryptocurrency that has been relatively quiet in the market, is showing signs of activity.
Cryptocurrency analyst Miles Deutscher has provided insights into potential altcoin opportunities as the crypto market experiences a sharp correction and many altcoins consolidate after recent gains. Deutscher's analysis focuses on several altcoins that he believes could be poised for significant upside movement.
A trader who accurately called Bitcoin's (BTC) 2018 bear market price floor thinks that a steep rally is in sight for one Solana (SOL) challenger.
Fils only started operating in November, but its platform has proven attractive to many corporations, thanks to its optimisation for ESG.
In a recent and unexpected turn of events, Sui Network, a major player in the tech industry, has forcefully denied any association with the ‘Sui Mermaid' or ‘Mermaid' project. The unfolding controversy revolves around false claims made by the latter, asserting a connection with the esteemed Sui Foundation.
Sui, a cutting-edge Layer 1 blockchain, crafted by the same tech experts behind Meta's Diem blockchain and the Move smart contract language, is making remarkable strides in decentralized finance (DeFi). In just one week, it achieved a significant milestone by surpassing $100 million in bridged USDC, marking a rapid and impressive rise in its influence within the DeFi space.
Sui Network has been rising steadily in DeFi, with $175 million TVL and solidified its position among the top 15 ecosystems by volume.
Sui Joins DeFi Leaders, Topping $100M in Bridged USDC
Rather than holding a fraction of a Bitcoin (BTC), investors often explore new cryptocurrencies with lower market caps and unit prices per coin and token, aiming for increased growth potential. While this strategy can be rewarding, it comes with numerous risks.
Sui's DeFi Triumph: $150 Million TVL in Overdrive In just six months since its mainnet launch, Sui, the pioneering Layer 1 blockchain and smart contract platform stemming from Meta's Diem Blockchain project, has achieved a remarkable feat – surpassing $150 million in Total Value Locked (TVL). This significant milestone, as reported by leading DeFi aggregator DefiLlama, positions Sui among the top 20 blockchains by TVL.
According to DefiLlama, a top DeFi aggregator, this achievement places Sui among the top 20 blockchains in TVL. The rapid growth showcases a thriving DeFi ecosystem supported by talented developers and a strengthening community.
As the market faces rising volatility, investors are preparing for a big month, with multiple projects set to initiate their token releases. This rise in token supply could lead to a temporary decline in the value of leading altcoins such as DYDX, 1INCH, and Aptos, among others.
Sui has bridged over $100 million worth of stablecoin transactions and a community-powered support signals brighter days in the DeFi market.
SUI will release millions of tokens valued at almost $50 million on the 28th of November. The token's price may plunge because of the increase in circulation.
A top analyst believes that one Solana (SOL) challenger that's trading under the radar is in the early stages of an uptrend.
The competitive world of cryptocurrencies has seen a dizzying rise of SUI, the native token of the layer 1 blockchain network. In an exciting development, SUI has surpassed its APT counterpart in terms of trading volume, reaching a remarkable $99,113,468 in the last 24 hours, while APT recorded $97,493,984 in the same period.
Layer-1 competition escalates as SUI beats APT in total value locked, now eyeing $1 as the next target.
Sui Network's L1 TVL set the new ATH at $160.2m, according to Dropstab. Sui network has acheived a new milestone in total value locked (TVL) assets.
Sui vulnerabilities fixed and released for the mainnet, testnet, and development network. The community quickly responded to the vulnerability report, and investigations confirmed no past exploitation.
Sui Network dazzles the crypto world, ranking third in TVL growth. Unveiling record-breaking volumes, soaring transactions, and a resilient bullish trend, what's next for Sui?
