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CDS Crypto News Sui Value Locked Record: Overtakes Aptos and Cardano with $310 Million Inflows in 30 Days

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Sui Value Locked Record: Overtakes Aptos and Cardano with $310 Million Inflows in 30 Days

The Sui value locked record was broken, surpassing Cardano, Near, and Aptos.

lectertodd19/02/20241 Mins read434

Sui Value Locked Record: Overtakes Aptos And Cardano With $310 Million Inflows In 30 Days

Crypto News – In terms of total value locked (TVL), Layer 1 blockchain Sui has surpassed Cardano, Near, and Aptos because of a large rise in inflows this month.

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Sui Value Locked Record: Overtakes Aptos and Cardano with $310 Million Inflows in 30 Days

DefiLlama data indicates that the network’s capital locked across different DeFi protocols currently stands at approximately $593 million, more than twice as much as it had at the beginning of the year when it was at $211 million. $310 million in Ethereum has been crossed to Sui during the last 30 days, according to data released by Wormholescan.io.

SUI Blockchain Currently Has 106 Validators

After making its launchpad debut on Binance in May of last year, Sui had a rocky beginning. Throughout the first five months of trading, the value of SUI, the native token, fell by 68%. The founders of Sui were accused of manipulating the supply of tokens, a charge they swiftly refuted, and this culminated in October.

However, Sui created 13.8 million blocks on December 22 and a maximum of 6,000 transactions per second (TPS). A blog post by Sui said that during this period of strong traffic, gas prices dropped, in contrast to other tier 1s like Ethereum. The Sui blockchain is currently being secured by 413 nodes run by 106 validators, according to Suiexplorer.

Sources:coindesk

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lectertodd

Lectertodd is 28 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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