Sui Surpasses $2 Billion TVL, Exploding onto the Layer-1 Scene

Sui blockchain achieved a new all-time high in Total Value Locked (TVL) at over $2.1 billion in May 2025, as per DefiLlama data. The achievement marks an increase of 17% from levels in early May and close to ten times more than in January 2024 at $212 million. The uptick is due to a rise in DeFi protocol growth, specifically with the NAVI Protocol, ecosystems expansion, and solid user and developer traction.

Growth is fueled by a number of factors for Sui, including rising DeFi usage, partnerships, and user activity. Lending protocols such as NAVI have also experienced explosive growth, with NAVX, the token native to NAVI, recently listed on OKX and Binance Alpha, which has improved liquidity and new user attraction. Other protocols, including Suilend and Cetus, have also been helping to grow TVL, and Sui's active accounts and daily transactions have both increased.

Sui is currently the 8th largest blockchain by TVL, overtaking such established networks as Cardano and closing in on Ethereum L2s such as Arbitrum. The fast-growing TVL and ecosystem development put Sui firmly in the front-running position of next-generation Layer-1 blockchains, positioning it against other platforms such as Solana