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

Summary by Coin Edition
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 …
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Crypto Reporter broke the news in on Wednesday, May 14, 2025.
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