Table content
Heres an analysis of the leading initiatives on the Sui blockchain, assessed by their Total Value Locked (TVL), highlighting those that are garnering the most capital.
**Send Rules the Table**
Sui is creating a buzz in the DeFi space, with substantial funds being invested into its environment. Based on information from Phoenix Group (dated March 17, 2025), Send ($SEND) is the foremost initiative on Sui regarding TVL, succeeded by NAVX ($NAVX) and Cetus ($CETUS).
Here is the summary:
1. **Send ($SEND):** This DeFi borrowing and lending platform is the leader of Sui, possessing a TVL of $358.84 million, which constitutes an impressive 27.26% of the aggregate TVL on Sui ($1.57 billion).
2. **NAVX ($NAVX):** Another DeFi lending system, NAVX, occupies the second position with $310.21 million TVL, or 23.57% of Sui’s total.
3. **Cetus ($CETUS):** This favored decentralized exchange (DEX) secures the third position with $148.14 million TVL, representing 11.25% of the total.
4. **Haedal:** This prominent DEX and staking system holds a TVL of $132.57 million, comprising 10.07% of Sui’s total.
5. **SCA:** SCA claims a TVL of $108.62 million, seizing 8.25% of the total TVL on Sui.
6. **BLUE:** This initiative has obtained $82.82 million, accounting for 6.29% of the total TVL.
7. **BUT:** A yield production and CDP system, BUT has $56.02 million secured, representing 4.26% of the ecosystem’s TVL.
8. **ALPHA:** This DEX and staking system registers a TVL of $50.58 million.
9. **Kai:** Kai concludes the list with a TVL of $21 million.
Within this zone, 84% of the entire total value locked (TVL) is focused. Kai and Aftermath come next, making up 1.60% and 3.60% of Sui’s TVL, in that order, with TVL values of $21 million and $47.42 million.
Umair Younas has been producing content pertaining to cryptocurrency since 2019. He is a writer of news and articles at Blockchainreporter. He is enthusiastic about blockchain, cryptocurrencies, NFTs, DeFi, and fintech. He is an expert in writing genuine analyses of exchanges and brokers and collaborates alongside our education group to produce educational content. He has a desire to broaden knowledge of virtual currencies. His works are educational and well-researched, offering fresh perspectives. Keep checking his articles if you wish to remain current on the newest developments in the crypto field.
