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Coin Edition 2025-05-14 18:00:00

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

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

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 explore decentralized applications in Backpack Wallet and Exchange. Cross-chain bridging is also available, and Backpack will offer incentive campaigns where users can earn rewards from a pool of over $200,000 to drive engagement. @SuiNetwork is now live on Backpack • Buy, trade, lend, and earn on the exchange • Swap, bridge, collect, and explore on the wallet Learn how to claim your share of $200K+ in rewards pic.twitter.com/LFhk1dQSm2 — Backpack (@Backpack) May 13, 2025 The integration improves the Sui ecosystem by adding a multi-functional platform for the core DeFi operations. This enhancement makes interaction with users less complicated, which is beneficial for both retail and institutional users who… The post SUI Eyes Breakout as Backpack Launches $200K Incentives for DeFi Users appeared first on Coin Edition .

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61.66%
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