SUI ecosystem expands significantly: stablecoin inflows surge, no slippage exchange function goes live

On January 20th, the official news stated that the SUI ecosystem has shown strong momentum in terms of stablecoin liquidity and technological innovation. Data shows that in the past 24 hours, the net inflow of stablecoins in the SUI network has exceeded $50 million, with a cumulative increase of 46.68% since December last year. The current total market value of stablecoins has reached $473 million. This growth not only reflects the market's increased confidence in the SUI ecosystem, but also provides deeper liquidity support for its DeFi.

 

At the same time, MetaStable, an important stablecoin protocol in the SUI ecosystem, announced the launch of a slippage-free stablecoin exchange function, bringing users a new experience. MetaStable's decentralized vault design allows users to deposit local or cross-chain stablecoins and mint mUSD, a US dollar-pegged asset, at a 1:1 ratio. This design not only simplifies the asset management process, but also significantly reduces transaction costs with a precise pricing mechanism based on oracles, ensuring accurate market prices and efficient trading experience for users.

 

SUI's low cost, high scalability, and powerful performance provide an ideal environment for the operation of MetaStable. As the core of decentralized stablecoins, mUSD is providing basic support for AMM, lending protocols, and other DeFi scenarios. The launch of MetaStable not only marks the further enrichment of the SUI stablecoin ecosystem, but also lays a solid technical foundation for its future development.

 

The strong performance of SUI and the continuous expansion of the stablecoin ecosystem once again demonstrate its industry potential, attracting more attention from developers and users, setting a new benchmark for Layer1.