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Suilend's TVL (Total Value Locked) jumps by 85%, reaching an all-time high of $75 million dollars.

Surge of Suilend's TVL Reaches a Peak of $75 Million, Marking a 85% Increase Over the Previous Week.

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Suilend's TVL (Total Value Locked) Experiences an Impressive 85% Increase, Reaching a Peak of $75...
Suilend's TVL (Total Value Locked) Experiences an Impressive 85% Increase, Reaching a Peak of $75 Million Dollars

Suilend's TVL (Total Value Locked) jumps by 85%, reaching an all-time high of $75 million dollars.

Suilend, a DeFi lending product launched by the team behind Solend in March 2024, has seen a significant increase in TVL (Total Value Locked) over the past week. The surge in TVL can be attributed to growing institutional adoption, high interest rates on stablecoin deposits like USDC, and the unique technical advantages of the Sui blockchain.

The interest rate for USDC deposits on Suilend briefly exceeded 33%, making stablecoin lending highly attractive. Higher USDC yields serve as a strong incentive for users to deposit and lock up funds to earn these yields, directly contributing to the rapid boost in TVL.

As of this writing, Suilend is one of the top four largest DeFi apps on the Sui blockchain, contributing significantly to the overall DeFi ecosystem TVL, which stands around $2.7 billion in August 2025, up sharply year-over-year. The protocol’s growth benefits from Sui blockchain’s unique technical advantages—such as high throughput, gasless transactions, and scalability—making DeFi more efficient and attractive.

Institutional moves, like Nasdaq-listed Mill City Ventures allocating a large part of their treasury into SUI tokens, underline growing confidence in Sui projects including Suilend, boosting liquidity inflows. The USDC interest rates on Suilend have increased substantially, making stablecoin lending highly attractive.

On August 13, Suilend's TVL reached a record high of $74.2 million, but briefly dipped below the $75 million mark earlier today. This surge in TVL was followed by a significant weekly inflow starting from August 6. However, on August 13, over $4 million worth of USDC left the Suilend protocol, marking the third-worst daily outflow of USDC.

In an effort to further attract users, Suilend launched a campaign offering a chance to win a Suilend Capsule NFT for depositing $50. No new campaigns offering NFTs or other rewards have been announced for Suilend as of now.

Suilend became a featured dapp in Sui Wallet at the end of July, adding to its visibility and potential for growth. The annual percentage rate (APR) for USDC lending on Suilend currently remains at 21.45%.

Competition in the DeFi space is heating up, with the NAVI protocol, currently the largest lending platform on Sui, also setting a new TVL record after offering increased rewards in its USDC pool. The confluence of institutional endorsements, Sui’s scalable infrastructure, and enhanced USDC interest rates continues to drive the growth of DeFi lending products on the Sui blockchain.

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