Sui Network, an innovative first-tier network specializing in DeFi (Decentralized Finance), has recently achieved significant success by setting a new record in Total Value Locked (TVL). On January 26, 2023, the network's TVL surpassed the $376 million mark for the first time, representing an impressive growth of more than 15 times compared to the figures in September 2023, according to analytics data from the DeFi Llama platform.

Within the Sui Network ecosystem, several key projects have made significant contributions to the growth of TVL. These include the lending protocols Scallop Lend and NAVI, as well as the decentralized exchange Cetus. These projects demonstrate impressive figures of locked assets: $80.7 million in Scallop Lend, $78 million in NAVI, and $58.5 million in Cetus, highlighting their importance within the entire network.

The SUI token, the native currency of the Sui Network, is also showing positive dynamics. At the time of publication, its value is around $1.26, marking an increase of more than 7% in the last 24 hours. This indicates growing interest and trust from investors and users in the Sui Network.

The development of Sui Network continues with the launch of its mainnet in May 2023, as well as the successful completion of the third season of the Quest campaign in early November of the same year. Participation in this campaign offered participants the opportunity to receive rewards in SUI tokens, stimulating activity and engagement in the ecosystem.