Sui Network TVL continues to grow to record highs, SUI’s value increased by 30%.

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Sui Network's TVL rose to $810.5 million, up 283 percent year-on-year. The SUI token price has increased by over 30% in the past week, now trading at $1.3.

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The total locked value (TVL) on Sui Network rose to $810.5 million on September 19, according to data from Defillama. The SUI token has also increased by more than 30% in the last seven days.

The growth comes despite previous TVL fluctuations during a broader market correction, with a year-over-year increase of approximately 283% to approximately $211 million.

TVL, which refers to the amount set in DeFi protocols for activities such as lending and derivatives, shows growing interest in Sui offerings.

All three leading DeFi protocols on the Sui blockchain posted gains last week. TVL of NAVI protocol, a lending protocol on Sui Network, increased by 16.5% to $310 million.

Lender Protocol Scallop Lend achieved a TVL of $140.5 million, a weekly increase of approximately 19.5%, while Suilend posted a weekly increase of 14.5% to over $134 million in TVL.

In addition to the TVL record, Sui achieved another success as the Sui token was among the top performing crypto assets in the last seven days. It has surpassed popular memecoins like PEPE and Aptos (APT) in terms of market capitalization and trading activity.

Following the launch of the Greyscale Sui Trust, the SUI token rose from $0.6 to $1.04. The positive momentum was later fueled by the announcement of Circle's upcoming USDC integration into the Sui network, which pushed the price to a new high of $1.18.

SUI is now trading at $1.3, up more than 13% in the last 24 hours.

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