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Sui achieves multi-dimensional breakthrough in 2024, locking volume soars to $1.75 billion

Sui achieves multi-dimensional breakthrough in 2024, locking volume soars to $1.75 billion

西格玛学长2025/01/06 03:46
Recently, Sui ecosystem released its 2024 annual summary, showcasing its comprehensive growth in the decentralized finance (DeFi) field. The data shows that Sui's total locked position (TVL) has risen from less than $250 million at the beginning of the year to $1.75 billion in December. At the same time, more than 7.50 billion transactions were completed throughout the year, and four new native stablecoins (USDC, AUSD, FDUSD, and USDY) were added, greatly enhancing the liquidity foundation within the ecosystem.
 
Sui launched several landmark products in 2024, including DeepBook V3, Sui Bridge, and Mysticeti. These innovations not only attracted the attention of traditional institutions such as VanEck and Franklin Templeton, but also promoted customer engagement through DeepBook's on-chain order book and Incentive Mechanism. Since the launch of DeepBook V3, the cumulative trading volume has exceeded $1 billion, and its DEEP token has further consolidated the core competitiveness of the ecosystem.
 
In addition, Sui Bridge has also become a focus, supporting cross-chain asset transfer through cooperation with Circle, achieving seamless interoperability between native USDC and multiple chains for the first time. These advances have laid a solid technical foundation for the future asset expansion of the ecosystem.
 
It is reported that the previous news also mentioned that Sui ecosystem has cooperated with Babylon and SatLayer in the expansion of Bitcoin liquidity. Through Lombard's LBTC, the liquidity of Bitcoin assets has been released, bringing users more opportunities for new assets on the chain.
 
Sui's multidimensional innovation demonstrates its potential as a DeFi growth engine, and 2025 will be an important year for Sui to continue deepening technological innovation and ecological expansion.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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