SUI TVL Breaks $300 Million Milestone: A Quick Look at the Top 10 Ecosystem Projects by TVL
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SUI TVL Breaks $300 Million Milestone: A Quick Look at the Top 10 Ecosystem Projects by TVL
Top 10 potential projects in the SUI ecosystem by TVL ranking.
Navigating Web3 tides with focused insightsBy: Web3 Insights
Since December, the SUI ecosystem has experienced explosive growth, with TVL surging rapidly. On January 14, TVL surpassed $300 million, marking a weekly increase of over 80%. At the time of writing, TVL has reached $320 million.
According to DefiLlama, among the top 10 projects by TVL in the SUI ecosystem, DEXs dominate the largest share. Scallop and NAVI Protocol from the Lending sector rank first and second respectively, accounting for one-third of the total TVL in the SUI ecosystem.
This article compiles introductions and usage methods for the top 10 high-potential projects ranked by TVL within the SUI ecosystem:
High-Potential Projects in the SUI Ecosystem
Scallop
Scallop is a money market within the Sui ecosystem. Emphasizing institutional-grade quality, enhanced composability, and robust security, Scallop aims to build a dynamic money market that offers high-yield lending, low-fee borrowing, AMMs, and asset management tools on a unified platform, along with an SDK for professional traders.
Currently, there is no public funding information available. It ranks first with a TVL of $60 million.
How to interact:
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Open the Scallop official website and connect your wallet
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Click on Lending
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Select a token and click [Supply] or [Withdraw] (minimum 5U)
Scallop is currently running campaigns on Web3 task platforms. Users who perform lending interactions exceeding 5U on Scallop meet the campaign requirements.
After completing the interaction, submit your details via this link—winners can receive 10 SUI tokens: https://taskon.xyz/campaign/detail/31297
NAVI Protocol
Navi is a native all-in-one liquidity protocol on Sui. It enables users to participate in the Sui ecosystem either as liquidity providers or borrowers. Liquidity providers supply assets to markets and earn passive income through yields, while borrowers can flexibly obtain loans across different assets. Focused on delivering essential DeFi infrastructure, Navi aims to become a key player in the rapidly evolving DeFi landscape of the Sui ecosystem. Innovative features such as auto-leveraged vaults and isolation mode allow users to leverage their assets and access new trading opportunities with minimal risk. NAVI’s design supports digital assets across various risk levels, while its advanced security mechanisms ensure user fund protection and mitigate systemic risks.
How to interact:
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Open the official website and connect your wallet
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Choose [Supply] or [Borrow]
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In addition to lending functions, NAVI Protocol also supports cross-chain capabilities—click [Bridge & Swap]
After interacting, visit Zealy. The Navi team has launched a Zealy leaderboard where deeper engagement leads to higher rankings, potentially unlocking future rewards.
Cetus (Token Launched)
Cetus is a DEX and concentrated liquidity protocol focused on Move-based ecosystems like Aptos and Sui. It has already launched its token, priced at $0.10, with a circulating supply of 280 million.
Aftermath Finance
Aftermath Finance is a DEX platform built on Sui. Currently, it does not have a native platform token.
How to interact:
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Open the official website and connect your wallet
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Click on Stake SUI
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Enter the amount and click [Stake]
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Aftermath currently runs a reward campaign for staking SUI on its official site.
FlowX Finance (Token Launched)
A DEX built on Sui with an ecosystem-centric approach. The platform also provides customization services for developers, enabling them to easily establish deep and sustainable liquidity pools.
It has launched its own token $FLX. According to official Twitter updates, the current token price is $2.51.
Kriya DEX
The first derivatives exchange developed on SUI, enabling decentralized and transparent trading while ensuring users retain custody of their assets. It supports leveraged trading up to 20x.
How to interact:
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Open the official website and connect your wallet
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Click on [Spot], then select [Liquidity] from the dropdown menu
Kriya Dex is currently running 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 to deliver a low-latency, high-execution engine that distributes liquidity across the broader DeFi ecosystem. Given its characteristics and the absence of a trading interface on its official site, Deepbook is not expected to launch its own token. Instead, it will likely distribute liquidity through ecosystem aggregators such as MovEx, Turbos, and Kriya.
Turbos (Token Launched)
Turbos Finance is a non-custodial liquidity layer on the Sui Network, offering an automated market maker (AMM) decentralized exchange featuring a concentrated liquidity market maker (CLMM) model and derivative trading capabilities. The current token price is $0.004.
Haedal Protocol
Haedal is a liquid staking protocol based on Sui, allowing anyone to stake their Sui tokens to support governance and decentralization of the Sui blockchain.
How to interact:
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Open the official website and connect your wallet
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Click [Stake] and enter the amount
Volo
Volo is a liquid staking protocol enabling users within the Sui network to maximize yield while retaining access to their staked assets.
How to interact:
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Open the official website and connect your wallet
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Click [Stake] and enter the amount
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To withdraw staked assets, click [Unstake]
Among the top 10 projects by TVL in the SUI ecosystem, three have already launched their own tokens: Cetus, FlowX Finance, and Turbos. Two projects—Haedal Protocol and Volo—have publicly indicated plans to launch platform tokens in the future.
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