Grayscale has announced the launch of two investment trusts linked to the Sui ecosystem, providing accredited investors exposure to the tokens of DeepBook and Walrus amid increased network activity.
Launch of Investment Trusts
In its announcement, Grayscale stated that the new investment trusts are aimed at accredited investors and provide access to the tokens of the DeepBook and Walrus projects. This event comes almost a year after Grayscale's first Sui product launch.
Rising DeFi Activity on Sui
The decentralized finance (DeFi) ecosystem on the Sui platform has seen increased activity, with the total value locked reaching an all-time high of $2.3 billion on July 28, although it has since fallen to $2.2 billion.
Features of Sui Blockchain
Launched in May 2023 by Mysten Labs, the Sui blockchain is designed to handle a high volume of transactions with minimal delay, thanks in part to features like parallel transaction processing, allowing for the creation of fast and secure decentralized applications.
The launch of Grayscale's trusts and the increasing activity in Sui indicate the dynamic development of the decentralized finance ecosystem, offering new investment opportunities and enhancing user experience.
