The Sui blockchain is gaining momentum across decentralized finance (DeFi) and real-world Web3 applications, with total value locked (TVL) in DeFi climbing to $2.093 billion.
That figure represents a 2.12% rise over the past 24 hours, driven by increased user activity on lending platforms and wider Web3 integrations.
As competition among Layer-1 chains intensifies, Sui’s performance highlights its growing relevance as an alternative to networks like Solana. This trend is underpinned by rising liquidity, new token listings, and growing adoption among businesses.
Flagship DeFi protocols on the network, including NAVI, along with platforms such as Mojito, are playing key roles in fueling this expansion.
NAVI token listings boost Sui ecosystem liquidity
NAVI Protocol, the largest lending and borrowing platform on Sui, has been a leading force behind the recent DeFi growth on the chain.
Its native token, NAVX, made entries on major exchanges, debuting on OKX and then listing on Binance Alpha.
These listings have improved NAVX liquidity, making it easier for users to access staking and lending features on the Sui network.
Binance has also committed support for airdrops of Sui ecosystem assets to active traders, increasing exposure for projects built on the chain.
The exchange’s low-slippage trading environment and integration with Alpha Points farming have made NAVX more accessible for users pursuing yield strategies within the Sui ecosystem.
Greater visibility for NAVI across top exchanges helps position Sui as a competitive Layer-1 network alongside Solana, Avalanche and Near, while stimulating growth within DeFi markets.
Mojito Loyalty targets a $155 billion loyalty market
Sui’s appeal extends well beyond DeFi. Mojito, a Web3 infrastructure provider known for powering NFT platforms for brands such as Mercedes-Benz and Sotheby’s, has launched Mojito Loyalty — a gamified, blockchain-based rewards system built entirely on Sui.
The platform allows brands to embed missions, on-chain rewards and engagement tools directly into their Web2 interfaces without requiring additional wallets or third-party dashboards.
Mojito Loyalty has already seen early traction with partners like Cur8, which reported more than 1,400 user missions completed within weeks of launch.
With the global loyalty market expected to reach $155 billion by 2029, Mojito’s Web3-native white-label solution presents a decentralized alternative to traditional CRM systems.
Integration with Sui’s scalable infrastructure enables seamless, cost-effective brand engagement at scale.
SUI price dips despite ecosystem expansion
Despite strong TVL growth and new integrations, the SUI token is trading at $3.91, down 2.13% over the past 24 hours.
Although this short-term decline contrasts with broader ecosystem expansion, analysts note that continued utility growth could drive long-term demand.
Data from DeFiLlama shows Sui’s lending protocols recorded a 78.86% increase in TVL over the past month, contributing to the $2.093 billion now locked across the chain’s DeFi platforms.
Rising incentives, attractive yields and user-friendly designs have made Sui an increasingly compelling option for both institutional and retail DeFi participants.
While market volatility continues to affect token prices in the short term, underlying adoption metrics point to Sui being well positioned for sustained traction across financial and commercial blockchain use cases.