Standard SUI Hits, which leads to the establishment of driving in Dai

[PRESS RELEASE – Singapore, Singapore, March 29th, 2025]

crownSUI Blockchain, the SUI BLOCKCHAIN, has recorded 79,920 dollars over the past 24 hours, according to the recent data from Defillalama. This achievement places the second stray among all decentralized financial lending protocols (Defi), and is only left behind, which is a firm name in the sector. The teacher emphasizes the importance of the growing strokes within the SUI ecosystem and the broader landscape Defi.

SUI ecosystem: a basis for innovation

Sui, a high layer of performance 1 Blockchain, which was launched in May 2023, and soon as a light for developed and effective Defi applications. Sui is designed with a unique data form that focuses on objects and is run by the animated programming language, and provides low fees for transactions, high productivity and strong safety. These features have fueled a significant growth in its Defi, where the total closed value (TVL) exceeds two billion dollars in early 2025, according to Devilia. Blockchain was attracted to process transactions parallel to both developers and users, as SUI was placed as a competitive player along with firm networks like Ethereum and Solana.

Sui, the organization that leads the Blockchain development, has played a pivotal role in caring for innovative projects. Scallop stands out as the first DEFI protocol that receives an official grant from the Sui Foundation, a testimony of its strategic importance within the ecosystem. This support, along with support from prominent industry players such as CMS Holdings, 6th Man Ventures (6MV), Venture UOB management and prominent individuals such as Dingaling, Pentoshi and Virtual Beacon, may provide the stages with a strong basis for growth.

The Siglin Protocol: Refining the lending on the same

Scallop Lind is a Co -market protocol from a counterpart to a SUI, and provides users with a platform for lending to digital assets and borrowing them with institutional degrees. Since the Getting of the Distinguished Code (TGE) a year ago, Scallop has created itself as the best lending and borrowing protocol on SUI, with TVL with about $ 130.27 million as of March 29, 2025. This number reflects a noticeable increase of 34 % during the past seven days, highlighting the user’s sustainable confidence and adoption. Total protocol and guarantee deposits are currently $ 187 million, with cumulative revenues of $ 3.94 million.

Scallop design emphasizes access, safety and user experience. It separates the assets of large fasting from the guarantee to enhance flexibility and uses a vote model (VE) to stimulate borrowing activity. Under this model, users who share the original scallop, $ SCA, can access higher return bonuses. To date, society has closed more than $ 27 million of SCA-more than 10 % of the total offer-for an average period of 3.72, indicating a strong long-term commitment to the protocol.

In the past three days, Scallop has expanded its performances by inserting the Walrus icon and partnership with Binance Wallet to host an activity that focuses on the return. These developments reflect the ongoing efforts to diversify its ecosystem and enhance the value of users.

Competitive power in Day

The recent 24 -hour Scallop revenue, which amounted to $ 79,920, is occupied as a huge competitor in the DEFI lending space, and is only behind AAVE, which is a protocol with a long -term presence on ETHEREUM and other chains. Focusing on expansion and innovation, Scallop enhances SUI’s technical advantages to provide a smooth experience for lenders and borrowers. The open source framework also enabled other projects within the SUI ecosystem of construction on its infrastructure, which increased its impact.

As the SUI’s ecosystem continues, Scallop performance indicates that it is in a good position to maintain its leadership in lending and borrowing. The protocol mixture of strategic partnerships, community participation, and strong standards emphasize its ability to form the future of Defi on SUI and beyond.

About the rocks

crown It is the pioneering money market for the generation of peer for the SUI’s ecosystem, and it is also the first Defi to receive an official grant from the Sui Foundation.

The protocol provides a set of financial services, including high -use lending, low -fee borrowing, asset management, and automatic market making tools (AMM), all on one platform. In addition, Scallop provides software development group (SDK) that enables professional traders to implement complex trading, including zero interest loans easily. By emphasizing safety and commitment to best practices, Scallop aims to reduce the risk of harmful behavior in the DEFI space, providing users with a trusted and reliable platform.