SUI Partners with Google Cloud, DeFi TVL Exceeds $1.4 Billion

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by Giorgi Kostiuk

a year ago

Sui Network continues to evolve with new partnerships and achievements in DeFi. This article examines key events, including collaboration with Google Cloud and the increase in locked value in the ecosystem.

Partnership between SUI and Google Cloud

Sui Network has officially partnered with Google Cloud, providing developers with access to AI inference APIs, data analytics, and real-time indexing through BigQuery. This collaboration aims to integrate AI into decentralized applications (dApps).

Total DeFi TVL Exceeds $1.4 Billion

According to DeFiLlama, Sui's total value locked (TVL) has exceeded $1.4 billion, driven by the rise of protocols like Cetus, Navi Protocol, and MovEX, which support derivatives, stablecoin swaps, liquid staking, and structured yield products.

TikTok's Integration with SUI and Other Events

TikTok has confirmed that its experimental monetization pilot will use the Sui network for tokenizing fan engagement. Users can mint creator tokens and collectibles on Sui. Additionally, two major financial institutions, HSBC and DBS Bank, have joined the SUI validator program, which will enhance the ecosystem's sustainability.

The partnership between Sui and Google Cloud and the increase in total value locked in DeFi indicate significant progress for the platform. With the TikTok integration and the involvement of major banks, further development and interest in Sui Network can be anticipated.

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