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Sui Network is gaining attention, as a blockchain investment analytics platform reports a record increase in its Total Value Locked (TVL), indicating rising user trust and engagement within the platform. Interestingly, the emerging meme coin Raboo ($RABT) is also in the news, with analysts predicting a 233% price increase by the end of its token presale, promising early investors over double their initial investments. Why is Sui’s TVL on the rise and should you invest in Raboo? Let’s find out!
Sui network’s DeFi TVL hits all-time high at $1.192 Billion
According to a September 26 report, Sui Network (SUI) achieved an important goal in the DeFi ecosystem. The TVL in Sui Network reached $1.192 billion, its highest ever. This increase is mainly due to the success of lending protocols on the network.
For instance, the NAVI Protocol reported a TVL of $454 million, which is up 14.16% in just one week. Scallop Lend also saw a significant increase, rising by 16.01% to reach $245 million. The most remarkable growth came from the Suilend Protocol, which experienced a 26.8% rise, hitting $208 million.
This rising TVL suggests that the protocols on the Sui network are becoming more reliable and valuable. A testament to this is revealed in the total market value of stablecoins on Sui Network, which reached $422.18 million, with a daily trading volume of $84.11 million.
As this development is reinforcing Sui Network’s position in DeFi, the price of the SUI token is also climbing. Currently, SUI is trading at $1.69, reflecting a staggering 108% increase over the past month, thus making it a blockchain investment worth considering.
Raboo presale achieves 90% growth, aims for 233%
As Sui Network celebrates hitting record TVL in DeFi, analysts are buzzing with significant interest in Raboo, which is projected to see an explosive 233% surge during its token presale. This anticipated growth reflects the enthusiasm among investors on Raboo, a pioneering meme coin that promises to revolutionize the digital meme culture.
Raboo is an innovative platform designed to reshape how memes are created and shared. With a remarkable allocation of 1.134 billion $RABT tokens set aside for its presale, this project is poised to engage a vast number of users eager to be part of the meme revolution.
In Stage 5 of the presale, Raboo has raised over $2.5 million and has also experienced a 90% growth from its initial offering to sell at a current. Right now the meme coin is on the track to rise by 233% when listed, and it’s only priced at just $0.0057 each.
Raboo aims to transform the meme sector by connecting traditional internet culture with the dynamic DeFi ecosystem, creating a unified space for investors who are meme enthusiasts. To support this, Raboo has had its smart contract fully audited by SolidProof, a leading blockchain security firm, to ensure user’s funds are secured as they engage with this unique platform.
Conclusion
Sui Network’s record-breaking TVL of $1.192 billion signifies its growing prominence in the DeFi space, while analysts’ prediction of a 233% surge for Raboo during its presale highlights its potential to reshape the meme sector and attract a significant number of investors. With these notable developments, it is safe to say that investing in Sui Network and new blockchain projects like Raboo may be beneficial for investors who are willing to enhance their cryptocurrency experiences within the DeFi and meme sectors.
