Sui TVL Tops $1.2B as DeFi Liquidity Expands
- —Sui TVL hit about $1.21 billion in the September 22 snapshot
- —NAVI Protocol contributed over $420 million in deposits
- —Part of the rise from $1 billion reflects asset price gains, not fresh deposits
- —DEX and lending activity has grown alongside locked value
Why it matters: Crossing the $1.2 billion mark signals the scale of Sui's DeFi ecosystem, though heavy concentration in NAVI leaves the metric exposed to a single protocol.
Source: Bitcoinist