Sui’s Total Value Locked Surpasses $1.2 Billion as DeFi Liquidity Grows

Sui’s total value locked (TVL) reached approximately $1.21 billion in the September 22 validation snapshot, with NAVI Protocol contributing over $420 million in deposits. The milestone reflects expanding DeFi liquidity on the network, though part of the increase may stem from token price appreciation rather than new deposits. Sui’s DEX and lending activity have also grown alongside its TVL.