The decentralized finance (DeFi) system of $SUI is facing a sharp contraction even as signs of recovery in its market price appear. According to DeFiLlama data, the total value locked (TVL) of Sui dropped from about $2.57 billion in October to around $932 million on December 8, marking a decline of approximately 64% in less than two months. This drop reflects rapid liquidity outflows and a slowdown in the activity of Sui protocols.
Despite the sharp decline in TVL, the price of $SUI increased by 16% over the past week, reaching $1.61, supported by a 24-hour trading volume of about $1 billion (+77%).
SUIUSDT
Perp
1.5791
-2.67%