After touching $4, SUI fell back, and multiple positive factors strengthened the ecological layout

On December 5th, it was reported that the current price of Sui Network (SUI) is 3.7703 USDT, up 2.12% in 24 hours, with a trading volume of up to 109 million USDT. With its high scalability and low cost, Sui continues to attract the attention of developers and users.

 

On December 4th, according to official news, Lorenzo Protocol announced a strategic cooperation with Cetus Protocol and NAVI Protocol to introduce Bitcoin liquidity into the Sui ecosystem through the joint promotion of Babylon Labs. At the same time, Lorenzo has successfully completed the integration of NAVI and Cetus, launched the first profit-oriented Bitcoin product stBTC on Sui, and launched the first incentive activity. Users can participate in stBTC on Cetus and NAVI to obtain Lorenzo Points and generous rewards.

 

In addition, Lorenzo Protocol is planning to launch Sui Network's native stBTC minting function, further expanding Bitcoin liquidity and creating more profit opportunities for users. This move will further strengthen Sui's competitiveness in the DeFi field and provide more efficient capital utilization solutions for Bitcoin investors.

 

Previously, NAVI Protocol, as the leading liquidity protocol on Sui, was the first to introduce BTCFi (Bitcoin Finance) to Sui, providing expanded capital and income sources for Bitcoin holders through cooperation with Lombard and Lorenzo Protocol.

 

Sui's unique architecture and continuous ecosystem expansion make it a popular choice for Web3 developers and investors. The introduction of Bitcoin liquidity will undoubtedly inject more vitality into its DeFi ecosystem, and the market is full of expectations for its future performance.