In January and February 2024, Sui Network, the first-tier network, recorded significant capital inflows. According to DeFi Llama, as of February 19, the volume of blocked assets in smart contracts exceeded $607 million.

According to DeFi Llama, the Sui Network project currently has a total amount of blocked assets (TVL) of $607 million. In September 2023, this figure was only $26 million, which means its growth by 23 times in less than six months.

Some analysts compare the Sui project with Aptos, since both use the Move programming language. However, Aptos' TVL is about $215 million, which is 2.8 times less than Sui's.

At the time of writing, the price of the SUI token was $1.77 according to TradingView, which means that the cryptocurrency has grown by about 130% since the beginning of 2024.

The growth of TVL in the Sui Network reflects the general trend in the decentralized finance (DeFi) sector. Binance's research showed that the total volume of TVL in DeFi reached $72.7 billion, which is 11.9% more than last week. This is attributed to the revival of institutional investors' interest in the market.

Sui Network launched the mainnet in May 2023. In October of the same year, the Sui Foundation attracted the attention of regulators from South Korea. Despite this, the project continues to increase its volumes and set new historical highs for TVL.2