Sui Ecosystem Accelerates: Key Growth & Tech Milestones
• BTCfi on Sui: 596 BTC bridged supported by partnerships with @babylonlabs_io & @Lombard_Finance for native BTC staking and yield.
• @suilendprotocol: Lending protocol which reported $15M in annualized revenue (Feb 2024) and directs 70% of these earnings to its treasury.
• @SteammFi: Superfluid AMM that boosts capital efficiency by funneling idle liquidity into lending markets.
• @AftermathFi: Introduced MetaStables for oracle-based stablecoin minting & slippage-less trades, along with a perp dex in testnet.
• @WalrusProtocol: Recently launched its decentralized storage solution after a $140M fundraise.
• @CetusProtocol: DEX and concentrated liquidity protocol.
• @KriyaDEX: Developing a suite of DeFi tools (AMMs, Perps, Yield Vaults).
• @bluefinapp: Perps with a decentralized order book and concentrated AMM.
• @navi_protocol: Lending market that issues its own Liquid Staking Token.
• Major financial players like Grayscale, Franklin Templeton, and VanEck are launching products or initiatives on Sui.
• Mysticeti v2 slashes consensus latency to ~390ms (from ~1900ms), boosting network speed.
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