Rapid Expansion and Strategic Positioning within Sui's Decentralized Finance Sphere

Sui, a permissionless blockchain launched by Mysten Labs in May 2023, has been making waves in the decentralised finance (DeFi) world. Founded by former Meta engineers, Sui has been attracting attention with its unique features and strategic partnerships.

One of the leading DeFi protocols on Sui is Cetus Protocol, which utilises a Concentrated Liquidity Market Maker (CLMM) model. This innovative approach has contributed to the cumulative total DEX volume on Sui surpassing $110 billion, with an average 24-hour DEX volume of approximately $250 million.

Another significant player in the Sui DeFi landscape is KriyaDEX. This comprehensive protocol offers a range of functionalities including Automated Market Maker (AMM), limit orders, leveraged perpetual contracts, and strategy Vaults.

Scallop, the first DeFi protocol to receive an official grant from the Sui Foundation, is a leading protocol designed for peer-to-peer lending and borrowing. Its presence has further strengthened Sui's DeFi sector.

Sui has entered strategic partnerships with Autonomous Holdings and Galaxy Digital Holdings to connect the platform with the traditional financial world and mainstream Web3 infrastructure. These partnerships aim to develop financial products, accelerate Real-World Asset (RWA) tokenization, and provide institutional and retail access.

The Sui Foundation's multi-million dollar DeFi Ecosystem Growth Fund also plays a crucial role in supporting builders and enhancing liquidity.

Sui's stablecoin portfolio includes native USDC, USDY, AUSD, and FDUSD. Stablecoin volume on Sui has seen explosive growth, jumping from $400 million in January to nearly $1.2 billion by May 2025, with monthly stablecoin transfer volume exceeding $70 billion.

Sui integrates with Axelar and Wormhole, a leading interoperability protocol, further expanding its reach and potential.

In addition to these, Sui offers a unified platform integrating various essential DeFi services, such as lending & borrowing, liquid staking, token swapping, cross-chain bridging, and more, through Suilend.

Haedal Protocol is the first liquid staking solution built on Sui, while Aftermath Finance and Volo offer liquid staking derivatives as afSUI and vSUI respectively. Aftermath Finance is a decentralised trading and DeFi platform aiming to provide a CEX-like user experience fully on-chain.

The DeFi sector on Sui has demonstrated significant growth, with Total Value Locked (TVL) surging from approximately $25 million at launch to over $2 billion by May 2025, positioning Sui as the third-largest non-EVM chain by TVL. By June 2025, Sui's DeFi TVL exceeded $1.7 billion, surpassing more historical projects like Avalanche or Polygon.

Momentum DEX is the first ve(3,3) decentralized exchange combined with a token launch platform on Sui. Turbos Finance, known for its robust growth and strong support for meme tokens within the Sui ecosystem, is another prominent DEX.

Oracles like Pyth, Stork, Supra, and Switchboard are available for the Sui network, ensuring secure and reliable data for the DeFi applications built on it.

With its unique features, strategic partnerships, and growing DeFi sector, Sui is undoubtedly a blockchain to watch in the rapidly evolving world of decentralised finance.

Rapid Expansion and Strategic Positioning within Sui's Decentralized Finance Sphere