Sui Network’s DEX Trades Spike: 20% Jump Shows Strong DeFi Growth

Sui Network experienced a significant surge in decentralized exchange (DEX) trading volume during the second quarter (Q2), indicating robust growth and increasing interest in the blockchain ecosystem. According to recent reports, daily DEX trading volume on the network climbed an impressive 20.8% in Q2, reaching a substantial $367.9 million. This growth was fueled by two leading decentralized exchanges: Cetus and Bluefin, which contributed significantly to the total trading activity. Notably, TVL also experienced a notable jump during the same period, rising by 44.3% to reach $1.76 billion. This dual increase in trading volume and locked capital suggests a healthy and expanding DeFi environment.