Sui Eco-Lending Protocol Scallop Receives Investment from Sui Foundation

On October 10th, the Sui eco-lending protocol Scallop announced that it had received an investment from the Sui Foundation in order to drive the deployment of new features in Scallop, which as of October 2nd had reached $100 billion in total lending. In addition, Scallop's fees exceeded $2 million, transaction volume exceeded $57 million, and TVL reached $167 million.