Sui, the layer one blockchain developed by the team behind Meta’s Diem blockchain initiative, is making waves in the world of decentralized finance (DeFi). In just seven months since its launch, Sui has surpassed $100 million in bridged USDC, solidifying its position as one of the top DeFi protocols globally. This achievement comes on the heels of Sui’s recent milestone of surpassing $175 million in total value locked (TVL).The Sui Network consistently ranks among the top 25 blockchains for daily transaction volume and the top 15 blockchains for weekly volume. Greg Siourounis, managing director of the Sui Foundation, expressed his excitement about this milestone, stating that it demonstrates the remarkable success of the Sui community’s efforts to build a versatile and accessible ecosystem.Sui’s decentralized ecosystem and independent builders are driving its growth, with several projects boasting TVLs of over $10 million and 11 projects exceeding the $2 million mark. To further enhance the security and reliability of its ecosystem, Sui recently announced an ecosystem investment with leading Web 3.0 security firms OtterSec and Zellic. This partnership will provide independent ecosystem projects with access to high-end auditing services, setting them on a path to success.In addition, Sui has issued $500,000 in grants to projects building on its network in November 2023 alone. These grants are dedicated to advancing the adoption of Sui and its expanding DeFi ecosystem.With its impressive achievements and commitment to innovation, Sui is positioned as a driving force behind the next generation of DeFi. To learn more about the Sui Network, visit their website.