Top Ten Projects Based on TVL on Sui Blockchain: Send Dominates Others

The Sui blockchain keeps making waves in the DeFi landscape with substantial capital inflows. As per the data from Phoenix Group, the prominent projects on the Sui blockchain in terms of total value locked include Send ($SEND), NAVX ($NAVX), and Cetus ($CETUS), as of March 17, 2025. The crypto analytics platform took to social media to provide the list of the top Sui projects based on TVL.

TOP 10 #TVL ON #SUI
$SEND $NAVX $CETUS #Haedal $SCA $BLUE $BUT $ALPHA #Aftermath #Kai pic.twitter.com/c4Pg6LQscl

— PHOENIX – Crypto News & Analytics (@pnxgrp) March 17, 2025

SEND Leads Top Sui Projects by Sharing 27.26% of Cumulative TVL

SEND is the top Sui-based project when it comes to total value locked. As per the data, the DeFi lending project’s TVL has reached $358.84M. This figure denotes a massive 27.26% of the cumulative TVL of Sui ($1.57B). Following that, NAVX has taken the 2nd position among the Sui-based projects. Particularly, the defi lending protocol possesses a $310.21M in total value locked, accounting for a 23.57% of the cumulative Sui TVL.

Subsequently, the 3rd position is obtained by CETUS with a TVL of $148.14M. In this respect, the well-known decentralized exchange has a 11.25% share in the overall TVL of Sui. After that, Haedal is the top 4th project on Sui with its TVL accounting for $132.57M. With this figure, the widely-used decentralized exchange and staking platform shares a 10.07% portion of Sui’s TVL.

The next name on the list is SCA as it has gained a significant $108.62M in total value locked. As a result of this, it accounts for 8.25% of Sui’s cumulative TVL. Apart from that BLUE is the top 6th project operating within the Sui ecosystem, denoting a 6.29% of the overall TVL by securing $82.82M. BUT is a Sui-based yield-farming and CDP platform, underscoring 4.26% of the total ecosystem TVL by getting $56.02M.

Kai Bottoms List with $21M in TVL

The list moves on to include ALPHA in the 8th position as the DEX and staking platform has gained $50.58M in TVL. This signifies a 3.84% of the cumulative TVL. Following that, Aftermath and Kai share 3.60% and 1.60% of Sui’s TVL with $47.42M and $21.00M in individual TVLs.

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