The Total Value Locked (TVL) of SUI ecosystem has burst since December and broke $300 million on January 14, with a weekly increase of more than 80%. Its TVL has reached $320 million as of the time of writing.

According to DefiLama, most of the top 10 projects of TVL are from Dex. The top 2 are Scallop and NAVI Protocol in the Lending area, the TVL of which amounts to 1/3 of the TVL of SUI ecosystem.

This article summarizes the top 10 potential projects in SUI ecosystem.

Scallop

Scallop is a currency market in the Sui ecosystem. With institutional quality, enhanced composability, and strong security, Scallop is committed to building a dynamic currency market, providing high-interest lending, low-fee lending, AMM, and asset management tools on a unified platform, and providing SDK for professional traders.

The TVL of Scallop ranks first with 60 million, and there is no public financing information yet.

How to interact:

• Open the Scallop official website, and connect the wallet.
• Click Lending.
• Select the currency, and click [Supply] or [Withdraw] (5U or more).

Scallop is also publishing campaigns on TaskOn (the Web3 task platforms), users whose lending interaction of Scallop is more than 5U meet the requirements of the activities. After the interaction is completed, you can submit the information and get a lucky draw of 10 SUI if you are selected. https://taskon.xyz/campaign/detail/31297 

NAVI Protocol

Navi is a native one-stop liquidity protocol on Sui. It enables users to participate in the Sui ecosystem as a liquidity provider or borrower. Liquidity providers provide assets to the market and earn passive income through yield, while borrowers can flexibly obtain loans for different assets. Navi focuses on providing the necessary DeFi infrastructure and aims to become a key DeFi player in the Sui ecosystem with the rapid development of DeFi. Innovative features of the protocol, such as automatic leveraged treasury and isolation mode, enable users to leverage their assets and access new trading opportunities with minimal risk. NAVI is designed to support digital assets with different risk levels, while its advanced security features ensure the protection of user funds and the mitigation of systemic risks.

There is no public financing information at present.

How to interact:

• Open the NAVI official website and connect the wallet.
• Select [Supply] or [Borrow].
• In addition to the lending function, Navi Protocol also supports cross-chain functions. Click [Bridge & Swap] to use this function.

After the interaction, you can open Zealy, which is a Leaderboard on the Navi official website. The deeper the interaction, the higher the ranking, and there may be rewards in the later stage.

Cetus

Cetus is a DEX and liquidity protocol focusing on Move-based ecosystems such as Aptos and Sui.

Launched their token $CETUS on 9th May. Current token price: $0.089

Aftermath Finance

Aftermath Finance is a DEX platform based on Sui. Currently, it doesn’t have its own token, and there is no financing information.

How to interact:

•  Open the Aftermath official website and connect the wallet
•  Choose Stake > SUI
•  After entering the amount of tokens, click [Stake]

 Currently, there is a reward activity for pledging SUI on the Aftermath official website.

FlowX Finance

This platform is an ecosystem-centered DEX built on Sui, providing customized services for developers and allowing them to easily establish deep and sustainable liquidity pools.

Currently, it has launched their token $FLX, the price of which is $2.51.

Kriya DEX

The first derivatives exchange developed on SUI, which can realize decentralized transparent trading with assets guaranteed to be in users’ accounts, with the trading leverage up to 20 times.

How to interact:

• Open the official website and connect the wallet.
• Click [Spot] and select [Liquidity] from the drop-down list.

Currently, Kriya Dex has launched a campaign. Click [Rewards] to enter the campaign page and check your progress.

Deepbook

DeepBook is a decentralized central limit order book (CLOB) built for the Sui ecosystem. DeepBook leverages Sui’s performance and delivers low latency and high throughput execution engines to spread liquidity across the DeFi ecosystem. Considering its attributes and the fact that its official website does not have a trading page, it is not expected to issue its own tokens, mainly using eco-aggregators such as MobEx, Turbos, Kriya, etc. to spread liquidity.

Turbos

Turbos Finance is a non-custodial liquidity layer built on top of the Sui Network. It offers an efficient and composable automated market maker (AMM) decentralized exchange, featuring the Concentrated Liquidity Market Maker (CLMM) model and derivatives trading.

Launched their token $TURBOS on 12th May. Current token price: $0.004.

Haedal Protocol

Haedal is a Sui-based liquidity pledge protocol that allows anyone to pledge on their Sui tokens to promote the governance and decentralization of the Sui blockchain.

How to interact:

• Open the Haedal official website and connect the wallet.
• Click on [Stake], and enter the number of tokens.

Volo

Volo is a liquidity pledge protocol that enables users in the Sui network to maximize their income while retaining access to their pledged assets.

How to interact:

• Open the Volo official website and connect to the wallet.
• Click on [Stake] and enter the amount.
• If you want to take out the pledged assets, click on [Unstake].

Among the top 10 projects of TVL in the SUI ecosystem, Cetus, FlowX Finance, and Turbos have launched their own tokens. Haedal Protocol and Volo have publicly stated that they will launch their tokens.