Sui (SUI)

Suilend, Sui’s leading lending protocol, is entering a new chapter

@bluewaterHQ has acquired @suilendprotocol, including STEAMM and SpringSui. The important part? Suilend isn’t being absorbed, it will continue operating as an independent protocol with the same roadmap, and infrastructure.

This simply gives one of @SuiNetwork’s biggest DeFi ecosystems more long-term backing to scale lending, liquid staking, and on-chain capital markets.

Big move for Sui DeFi 🔥🔥

fastest blockchain in crypto

but i am still counting how many apps on sui are actually putting money in regular people's pockets

genuinely asking 🙂 $SUI

the apps actually making people money in web3 right now

hyperliquid — $694M daily volume, traders genuinely profiting

kaito — paying creators and researchers for quality content and attention

uniswap — billions in volume, LPs earning real fees

aave — lend and earn real yield, no
bank needed

polymarket — prediction markets paying out real money

ethena — $175M daily, people earning yield on stablecoins

now here is what sui has

bluefin — perp trading, decent but nowhere near hyperliquid volume

scallop and suilend — real yield but APYs are low and TVL shrunk massively

waterx — prediction markets just launched, too early to compare

the infrastructure on sui is real

the scale isn't there yet

and there is no kaito equivalent on sui which might be the biggest gap nobody is talking about $SUI

"As you realized, there was no money lost. And this is by design."

Kostas Chalkias (@kostascrypto) is co-founder and Chief Cryptographer of Mysten Labs, the team behind Sui. When the network halted, he was in the war room. This is his breakdown of what actually happened.

"The ideal option is to halt, compared to just losing money if something else happens."

We cover:
— Why halting the network was a deliberate design choice, not a failure
— What was really going on behind the scenes while crypto Twitter panicked
— The global war room: 50+ people across Europe and the US working through the night
— Why a decentralized network recovers differently than one company flipping a switch
— "Move fast and break things", why the Facebook motto is exactly wrong for money
— Why Kostas believes most other blockchains wouldn't have recovered in days
— Where the line sits between an honest edge case and a broken system
— What the outage proved about how Sui is actually built

Thanks to Kostas for coming on @new_era_financ