Suilend Launches on Sui Network: Expanding DeFi Horizons
In a move signaling significant expansion, Suilend, the first venture outside the Solana ecosystem by Solend, officially launched today on the Sui Network. This strategic endeavor underscores confidence in Sui’s technology and its rapidly growing ecosystem, solidifying its position as a leading DeFi platform.
Breaking Boundaries: Solend’s Expansion
Solend, renowned for its expertise in DeFi and boasting over $200 million in total value locked (TVL) across 170,000+ users, now extends its prowess beyond the Solana ecosystem. With support for 70+ assets, Solend brings its unparalleled DeFi experience to the Sui ecosystem, enhancing its depth and breadth.
A Leap in Technology: Sui’s Advanced Tools
Discussing the launch, Rooter, the pseudonymous Founder of Solend, emphasized the need for advanced tools in blockchain development. By leveraging Sui’s infrastructure, which offers better developer tools like the Move language, Suilend aims to build with precision and efficiency, akin to crafting rocket ships with laser cutters and welders.
Security at the Forefront
Security remains paramount in the DeFi space, and Suilend prioritizes this aspect by launching on Sui. Leveraging Sui’s industry-leading security features, including built-in protections provided by the Move language and partnerships with leading blockchain security firms, Suilend ensures adherence to the highest security standards, instilling confidence among users.
Performance and Efficiency
Suilend benefits from Sui’s unparalleled transaction speeds and scalability. With the lowest levels of latency in the industry and parallel processing capabilities, Sui achieves peak throughput of up to 297,000 transactions per second, coupled with a time-to-finality of approximately 480 milliseconds, setting new benchmarks for efficiency in DeFi transactions.
A Strategic Partnership
Greg Siourounis, Managing Director of the Sui Foundation, expressed delight in welcoming Suilend to the Sui ecosystem, highlighting Sui’s tailored infrastructure for DeFi projects. This partnership comes as Sui recently surpassed the $500 million Total Value Locked (TVL) milestone, solidifying its position among the top 10 DeFi ecosystems globally.
Conclusion
Suilend’s launch on Sui represents a significant milestone in the evolution of DeFi, showcasing the potential for collaboration and innovation across blockchain ecosystems. As Sui continues to grow and attract assets from Ethereum and beyond, Suilend’s integration underscores the platform’s commitment to excellence and security in decentralized finance.
For media inquiries, please contact:
Sui Foundation
[email protected]
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of an author, nor is it intended to be used as legal, tax, investment, or financial advice.