The total value locked (TVL) has jumped by more than 1,000% in four months, catapulting the blockchain above more established incumbents such as Bitcoin and Cardano, as well as Coinbase’s layer-2, Base. The dollar value of cryptocurrencies deposited in its decentralized finance (DeFi) protocols topped $430 million, making it the 10th-largest blockchain by TVL, Sui said. As of writing, it had slipped to No. 11, behind PulseChina, DeFi Llama data show.
![Sui Becomes a Top 10 DeFi Blockchain in Less Than a Year Sui Becomes a Top 10 DeFi Blockchain in Less Than a Year](https://www.coindesk.com/resizer/UikS1h6VOJqi7CMTRJ-fRpz5VmY=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/NST62GVJBNFURAM6UMR3H5EHZQ.jpg)