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The whole worth locked (TVL) has jumped by greater than 1,000% in 4 months, catapulting the blockchain above extra established incumbents reminiscent of Bitcoin and Cardano, in addition to Coinbase’s layer-2, Base. The greenback worth of cryptocurrencies deposited in its decentralized finance (DeFi) protocols topped $430 million, making it the 10th-largest blockchain by TVL, Sui mentioned. As of writing, it had slipped to No. 11, behind PulseChina, DeFi Llama information present.
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