Citing NFTgators, several Sui-based protocols have achieved record total value locked (TVL) levels despite a market downturn affecting Bitcoin and Ethereum. Notable protocols include Kriya, Bluefin, AlphaFi, Bucket Protocol, and Sparkling Finance. Kriya's TVL surged from $24 million in early November to an all-time high of $84 million, driven by its AMM DEX and yield farming applications. Bluefin's TVL rose from $27 million in December to $80.7 million, following the launch of its spot trading application and BLUE token. AlphaFi, a yield farming protocol, saw its TVL increase from $30 million in November to over $75 million. Bucket Protocol's TVL nearly doubled to $53 million, allowing users to mint BUCK, a USD stablecoin. Sparkling Finance, linked to Bucket, has over $30 million in TVL, offering liquid staking and yield applications.
Sui Protocols Achieve Record TVL Amid Market Downturn
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