Sui Network has witnessed a significant surge in its Total Value Locked (TVL), surpassing the $1.7 billion mark according to recent reports from SUIScan. This impressive growth demonstrates increased confidence and momentum within the cryptocurrency ecosystem. Notably, protocols like Suilend Protocol, NAVI Protocol, and Cetus have played a crucial role in driving this expansion. Analysts attribute this surge to the ongoing adoption of DeFi applications within the Sui network, along with growing institutional investments. While recent token unlocks on May 1, 2025, led to initial price volatility, SUI tokens demonstrated remarkable resilience and a significant price increase of over 19% within a single day.