Navi is a liquidity protocol users can use to borrow or assets on Sui.

Navi prides itself on being highly liquid, in that you can enter and exit positions quite rapidly, and cheaply.

At the time of writing, over one million people people are using Navi, with a TVL (Total Value Locked) of around $518 million.

That's not bad at all considering it was around $165 million in July, 2024.

Each new asset added on Sui needs to be manually approved by Navi governance, making it relatively secure.

I used the word 'relatively' because nothing in crypto is 100 percent secure, imo.

Navi does have its own token, called NAVI Protocol (NAVX), currently valued at $0.044 per coin.

The current market cap is $25 million.

Last year around this time the market cap was $9.7 million.

I do NOT own any NAVX at the time of writing the article.