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Relatively new for the digital currency space, the Sui Network (SUI) blockchain demonstrated a huge increase in total locked value (TVL), fixing a new historical maximum (ATH).

According to DefiLlama, the TVL of the network rose to $897.61 million, which was accompanied by a surge in user interest and developer activity. Now blockchain boasts a market capitalization of stablecoins in the amount of $408.78 million, and NAVI Protocol, a modular DeFi crypto lending platform, is leading in this regard.