SUI TVL breaks through the US$300 million mark. A quick look at the top 10 potential ecological TVL projects in one article

Inventory of the top 10 potential projects in SUI ecological TVL.

Written by: Web3 Insights

Since December, the SUI ecosystem has exploded, and TVL has soared. On January 14, TVL exceeded the US$300 million mark, with a weekly increase of more than 80%. As of this writing, TVL has reached US$320 million.

According to DefiLama, among the top 10 TVL projects, the track with the largest proportion is Dex; the Lending track’s Scallop and NAVI Protocol occupy the top two, and TVL accounts for one-third of the SUI ecological TVL.

This article summarizes the introduction and usage of the top 10 potential projects in the SUI ecosystem TVL:

SUI Ecological Potential Project

Scallop

Scallop is the currency market for the Sui ecosystem. By emphasizing institutional-grade quality, enhanced composability, and strong security, Scallop strives to build a dynamic money market that provides high-interest lending, low-fee lending, AMM, and asset management tools on a unified platform. Professional traders provide SDK.

There is currently no public financing information, ranking first with a TVL of US$60 million.

How to interact:

• Open the Scallop official website and connect to the wallet
• Click Lending
• Select the currency and click [Supply] or [Withdraw] (5U and above)

Currently, Scallop also publishes activities on the Web3 task platform. If the user’s lending interaction in Scallop exceeds 5U, it meets the activity conditions.

After the interaction is completed, you can submit the information and win the prize and get 10 SUI.

NAVI Protocol

Navi is a one-stop liquidity protocol native to Sui. It enables users to participate in the Sui ecosystem as a liquidity provider or borrower. Liquidity providers provide assets to the market and earn passive income through yields, while borrowers have the flexibility to obtain loans across different assets. Navi focuses on providing essential DeFi infrastructure and aims to become a key player in the rapidly growing DeFi world within the Sui ecosystem. The protocol’s innovative features, such as automated leveraged vaults and segregated modes, enable users to leverage their assets and leverage them with minimal Risk to gain new trading opportunities. NAVI is designed to provide support for digital assets of different risk levels, while its advanced security features ensure the protection of user funds and the mitigation of systemic risks.

How to interact:

• Open the official website and connect to the wallet
• Select [Supply] or [Borrow]
• In addition to the lending function, Navi Protocol also supports cross-chain functions, click [Bridge & Swap]

After interaction, you can open Zealy. Navi official website has developed a Zealy Leaderboard. The deeper the interaction, the higher the ranking will be, and there may be rewards later.

Cetus (issued coins)

Cetus is a DEX and centralized liquidity protocol focused on Move-based ecosystems such as Aptos and Sui. The tokens have been issued so far, with a token price of $0.1 and a circulating supply of 280 million.

Aftermath Finance

Aftermath Finance is a DEX platform based on Sui. Currently it does not have its own platform token.

How to interact:

• Open the official website and connect to the wallet
• Click Stake SUI
• After entering the number of tokens, click [Stake] *Currently aftermath official website, reward activities for staking SUI.

FlowX Finance (coin issued)

Based on the ecosystem-centric DEX built by Sui, the platform also provides developers with customized services, allowing developers to easily build deep and sustainable liquidity pools.

Currently, its own token $FLX has been issued. According to official information, the current token price is $2.51.

Action DEX

The first derivatives exchange developed based on SUI can realize decentralized and transparent transactions that ensure that assets are stored in their own accounts, and the transaction leverage can be up to 20 times.

How to interact:

• Open the official website and connect to the wallet
• Click [Spot], pull down the selection box, and select [Liquidity]

Currently, Kriya Dex has launched an event. Click [Rewards] to enter the event page and check your progress.

Deepbook

DeepBook is a shared decentralized central limit order book exchange built for the Sui ecosystem, leveraging Sui’s performance and providing a low-latency and high-execution engine to spread liquidity throughout the DeFi ecosystem. Based on its attributes, and there is no trading page on the official website, it is not expected to issue its own tokens and use ecological aggregators such as MovEx, Turbos, and Kriya to spread liquidity.

Turbos (issued coins)

Turbos Finance is a non-custodial liquidity layer on top of the Sui Network, providing an automated market maker (AMM) decentralized exchange with a centralized liquidity market maker (CLMM) model and derivatives trading capabilities. The current token price is $0.004.

Haedal Protocol

Haedal is a Sui-based liquidity staking protocol that allows anyone to stake on their Sui tokens to promote governance and decentralization of the Sui blockchain.

How to interact:

• Open the official website and connect to the wallet
• Click [Stake] and enter the number of tokens

Hair

Volo is a liquidity staking protocol that enables users in the Sui network to maximize their income while retaining access to their staked assets.

How to interact:

• Open the official website and connect to the wallet
• Click [Stake] and enter the quantity
• If you want to withdraw the pledged assets, click [Unstake]

Among the top 10 projects in the SUI ecological TVL ranking, a total of 3 projects have issued their own tokens: Cetus, FlowX Finance, and Turbos. Two projects have publicly stated that they will launch platform tokens: Haedal Protocol and Volo.