Sui, a Layer 1 blockchain created by the team behind Meta's Diem blockchain initiative, has surpassed $100 million in bridged USDC just seven months after its launch. This achievement solidifies Sui's position as one of the top DeFi protocols globally and follows its recent milestone of surpassing $175 million in Total Value Locked (TVL). The network's success can be attributed to its decentralized ecosystem and independent builders, with seven projects standing at over $10 million in TVL and 11 projects exceeding the $2 million mark. Sui has also made strategic moves to fortify the security and reliability of its ecosystem, including an ecosystem investment with leading Web3 security firms OtterSec and Zellic.
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Sui Joins DeFi Leaders, Topping $100M in Bridged USDC
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Sui Network addresses claims about its token supply
Sui maintains that its tokenomics are sound and that it uses reputable third parties to handle token storage.
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USDC circulation increased by $300 million in the past week, reaching a total of $33.3 billion
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