Grand Cayman, Cayman Islands, January 16th, 2024, Chainwire

2000% increase in TVL and superior technology are causing builders to choose Sui, most recently, top lending protocol, Solend.

Sui, a leading Layer 1 blockchain created by the team that led Meta’s Diem stablecoin project, has surged past $300M in Total Value Locked (TVL) continuing to climb the ranks of DefiLlama’s leaderboard. This sudden milestone underscores the ecosystem’s rapid ascent and further solidifies Sui’s position as a leader in the DeFi space, surpassing Bitcoin to make it the 13th-largest blockchain in terms of TVL. This achievement marks a more than 2000% increase in TVL since August. 

"$300 million in TVL is a significant milestone—one in a string of achievements the Sui ecosystem has reached only …