one overlooked factor about ecosystem builders in @SuiNetwork is most project’s tge valuation are above the previous round investor’s valuation.
@navi_protocol raised at 20m, highest 20x, 2/3 of investor already vested and now 3x at a growing speed; @CetusProtocol’s investors fully unlocked and still around 5x; @HaedalProtocol’s investors soon to unlock and currently 6x; @doubleup_app already 5x and just hits first million on monthly revenue.
most teams kept the round clean and stayed strategic in spending and hiring. this cultivates a healthy, sustainable and competitive builder culture in Sui. scam founder never made far on @SuiNetwork
next rounds of Defi project for VCs recommend to check out @astros_ag @volo_sui @MMTFinance @magma_fi @ferra_xyz @nemoprotocol
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