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DeFi TVL Surges to $55.365 Billion, Lido Finance Peaks at $22 Billion

DeFi TVL Surges to $55.365 Billion, Lido Finance Peaks at $22 Billion

Global DeFi TVL reached $55.34 billion in 24 hours, with decentralized exchanges leading volume and Lido Finance reaching a $22 billion milestone, indicating robust DeFi sector growth.

Sui Foundation Reallocates 117M SUI to Bolster Network Growth

Sui Foundation Reallocates 117M SUI to Bolster Network Growth

Sui Foundation announces the reallocation of 117 million SUI tokens from external market makers to support the growth of its Layer 1 blockchain network, Sui. The move aims to bolster the network's DeFi ecosystem, which recently recorded its highest-ever total value locked (TVL) at approximately $37 million. The reallocation will not impact the circulating supply of SUI tokens.

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