Launched in May 2023, Sui blockchain implements a unique architecture to achieve high scalability, using horizontal scaling to keep transaction fees low even during high demand.
The network is capable of processing multiple transactions in parallel, achieving instant finality and security. This creates an ideal environment for DeFi protocols to thrive, as seen from the surge in TVL on Sui to more than $340M as of recently.
One of the fastest-growing DeFi apps that reflect Sui’s efficiency is Scallop, a lending protocol that has gained prominence within the Sui ecosystem.