Sui's Daily DEX Trading Volume Skyrockets, DeFi TVL Soars

IconCrypto News Terminal25 Apr, 2024

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Sui's Daily DEX Trading Volume Skyrockets, DeFi TVL Soars

According to Messari's recent Sui Q4'22 & Q1'23 report, the daily average decentralized exchange (DEX) trading volume on Sui has surged by 3,689% quarter-over-quarter to $78 million. Cetus emerged as the dominant DEX with a daily average trading volume of $37 million, while DeepBook followed closely with $26 million. Sui's DeFi ecosystem has also experienced remarkable growth, with total value locked (TVL) jumping by 1,459% to $786.6 million during the same period. This surge highlights the growing adoption and interest in Sui's blockchain and its potential for decentralized finance. Previously on April 24, 2024, Messari reported on Sui's DEX trading volume and DeFi TVL growth in Q4'22 & Q1'23. ```

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