Navigator Exchange narxiNAVI

Backpack starts Sui ecological strategic layout: fully integrates Sui network and launches $200,000 incentive plan Backpack has now fully integrated the Sui network, supporting users to trade, borrow, and earn SUI on Backpack Exchange and Backpack Wallet, as well as asset exchange, cross-chain bridging, and ecological exploration of the Sui network. To celebrate the integration, the platform will issue incentives totaling more than $200,000: the exchange will launch exclusive incentives for new users, as well as SUI spot and contract trading activities; the wallet will jointly launch a cooperation reward program with ecological high-quality projects such as Suilend and NAVI Protocol. Backpack said that this is just the starting point for in-depth cooperation with Sui. In the future, it will also support more high-quality projects including $WAL, $DEEP, $CETUS, etc. to be listed on the exchange, and continue to expand the Sui ecological layout.

Orbiter Finance announces Sui integration and launches liquidity incentive program Cross-chain bridge Orbiter Finance announced the integration of Sui and launched a liquidity incentive plan, jointly launching an airdrop activity with 6 major Sui ecosystem DeFi protocols including NAVI, Astros, Momentum, Turbos Finance, Typus Finance, and Bucket Protocol with a total prize pool of $24,000. From May 12 to 26, users can share rewards by completing cross-chain bridging, exchange, and participating in various DeFi tasks, helping capital flow into the Sui ecosystem.

$SUI has demonstrated remarkable growth recently, with its ecosystem experiencing a surge in activity, TVL, and token valuations. Our researcher @CryptoGamerHQ took a look to see whether Sui’s DeFi ecosystem remains undervalued or is starting to look overvalued. - DEX Performance: Cetus leads with strong trading volume and revenue, but its higher valuation multiples suggest it may be fairly priced where it is; Bluefin metrics are starting to show its abit overvalued , but as the leading perpetual DEX on Sui as well as one of the biggest dexes, it remains well-positioned to benefit if ecosystem growth continues. - Lending Growth: Suilend and Navi lead in TVL but are looking relatively fairly valued, but Scallop is showing great strength on all ratio comparisons In Conclusion The Sui ecosystem is heating up and is showing healthy metrics across DeFi sectors, supporting the case for continued growth.

Sui Network TVL reaches US$2.09 billion, a record high According to DefiLlama data, Sui Network TVL reached $2.09 billion, a record high. The previous high was $2.083 billion in January this year. The network's TVL rose 22.4% in the past week, with the top three protocols being Suilend Protocol, NAVI Protocol and Cetus.

HAEDAL APR on the NAVI Protocol Skyrocketed, Now at 149.375%