The Sui Blockchain and DeFi Landscape

The Sui blockchain continues to gain traction in the DeFi landscape with significant capital inflows. According to data from Phoenix Group, the notable projects on the Sui blockchain in terms of total value locked (TVL) as of March 17, 2025, include Send ($SEND), NAVX ($NAVX), and Cetus ($CETUS).

> TOP 10 #TVL ON #SUI
> $SEND $NAVX $CETUS #Haedal $SCA $BLUE $BUT $ALPHA #Aftermath #Kai
> — PHOENIX – Crypto News & Analytics (@pnxgrp) March 17, 2025

SEND Leads Top Sui Projects by Sharing 27.26% of Cumulative TVL

SEND is the leading Sui-based project concerning total value locked. The DeFi lending project’s TVL has reached $358.84M, representing a remarkable 27.26% of Sui’s cumulative TVL of $1.57B. Following SEND, NAVX holds the second position with a TVL of $310.21M, accounting for 23.57% of the cumulative Sui TVL.

Next in line is CETUS, occupying the third position with a TVL of $148.14M, which corresponds to 11.25% of Sui’s overall TVL. Haedal ranks fourth with a TVL of $132.57M, capturing 10.07% of the total Sui TVL.

SCA follows with a significant $108.62M in TVL, making up 8.25% of Sui’s total TVL. BLUE ranks sixth in the Sui ecosystem with $82.82M, representing 6.29% of the total TVL. BUT, a yield-farming and CDP platform, holds $56.02M, accounting for 4.26% of the ecosystem’s TVL.

Kai Bottoms List with $21M in TVL

The 8th position on the list is claimed by ALPHA, which has achieved a TVL of $50.58M (3.84% of the cumulative TVL). Aftermath and Kai round out the list with TVLs of $47.42M (3.60%) and $21.00M (1.60%), respectively, in the Sui ecosystem.