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SUI Eyes Breakout as Backpack Launches $200K Incentives for DeFi Users


by Lisa walter
for CoinEdition

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SUI Price Ready to Rally as DeFi Access Expands via Backpack?
  • SUI’s Backpack integration expands DeFi features and launches $200K in incentive rewards.
  • Lending TVL on Sui jumped 78.86% in a month, driven by NAVI Protocol’s growing activity.
  • TVL hits $2.1B while futures OI jumps to $1.86B, showing strong momentum and demand.

SUI is gaining significant momentum following the complete integration of the Sui network with Backpack. The update enables users to engage in trading, lending, and swapping assets and explore decentralized applications in Backpack Wallet and Exchange. Cross-chain bridging is also available, and Backpack will offer incentive campaigns where users can earn rewards from a pool of over $200,000 to drive engagement.

The integration improves the Sui ecosystem by adding a multi-functional platform for the core DeFi operations. This enhancement makes interaction with users less complicated, which is beneficial for both retail and institutional users who…

The post SUI Eyes Breakout as Backpack Launches $200K Incentives for DeFi Users appeared first on Coin Edition.

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SUI Eyes Breakout as Backpack Launches $200K Incentives for DeFi Users


by Lisa walter
for CoinEdition

Share:

SUI Price Ready to Rally as DeFi Access Expands via Backpack?
  • SUI’s Backpack integration expands DeFi features and launches $200K in incentive rewards.
  • Lending TVL on Sui jumped 78.86% in a month, driven by NAVI Protocol’s growing activity.
  • TVL hits $2.1B while futures OI jumps to $1.86B, showing strong momentum and demand.

SUI is gaining significant momentum following the complete integration of the Sui network with Backpack. The update enables users to engage in trading, lending, and swapping assets and explore decentralized applications in Backpack Wallet and Exchange. Cross-chain bridging is also available, and Backpack will offer incentive campaigns where users can earn rewards from a pool of over $200,000 to drive engagement.

The integration improves the Sui ecosystem by adding a multi-functional platform for the core DeFi operations. This enhancement makes interaction with users less complicated, which is beneficial for both retail and institutional users who…

The post SUI Eyes Breakout as Backpack Launches $200K Incentives for DeFi Users appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Share:

In This News

Share:

Read More

HBAR ETF Sees $68 Million in Inflows as Price Consolidates After 8x Rally

HBAR ETF Sees $68 Million in Inflows as Price Consolidates After 8x Rally

Every crypto cycle has that one story — a project everyone gives up on, only to make ...
Aerodrome Finance (AERO) Faces Turbulence: Will the 14% Drop Lead to a Hard Landing or a Quick Rebound?

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The bulls are popping up at certain intervals, but the bears have been settled in the...