Sui TVL breaks through 500 million US dollars, ranking among the top five most active chains

Sui Network announced on social media that the TVL (Total Value Locked) on Sui has exceeded 500 million USD, ranking among the top five most active chains. This significant milestone was achieved in less than nine months, especially with a 15-fold increase in TVL in the last five months of 2023 and more than doubling in January 2024. In addition, chain activity is booming - DeFi trading volume surged by over 70% last week, exceeding $770 million USD, making Sui one of the top five most active chains. Sui is being widely adopted to solve real-world problems.