Sui Network's Mainnet Launch and Gaming Console Boost TVL to $2.6B
Sui Network, a promising blockchain platform, is making waves with its upcoming mainnet launch and strategic partnerships. The SuiDEX mainnet aims to boost liquidity and yield opportunities, while the SuiPlay 0X1 gaming console launch could attract new users. Meanwhile, institutional investors are taking notice, with Grayscale and Nasdaq pushing for SUI ETFs.
Sui's total value locked (TVL) has soared to an all-time high of $2.61 billion, placing it among the top DeFi ecosystems by capital. This growth is supported by consistent decentralised exchange (DEX) volumes and a thriving DeFi TVL, which reached a record $2.6 billion. Sui's native token traded around $3.48 at press time, showing a 1.3% increase over the last 24 hours, with minimal volatility this week.
Institutional adoption is gaining momentum. Grayscale has drawn investments into its SUI Trust, while Nasdaq and 21Shares are advocating for SUI ETFs. Adding to its list of accomplishments, Sui Network has been chosen as the launch partner for Google's Agentic Payments Protocol.
With the SuiDEX mainnet launch nearing and the SuiPlay 0X1 gaming console on the horizon, Sui Network is poised for increased network activity and user growth. Its strong institutional backing and impressive TVL figures indicate a robust and thriving ecosystem.
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