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[TECHNOLOGY] · 2 sources

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Sui Network reports $500 million in DeFi institutional commitments

Sui Network has reported exceeding $500 million in institutional commitments across its decentralized finance (DeFi) protocols. While these figures represent intended capital, the network has not disclosed specific deployed liquidity or daily trading volumes.

Recent updates from the layer-1 blockchain integrate the Bitcoin blockchain as a security reference for Sui contracts. These contracts hold cryptographic rights tied to Bitcoin rather than replacing the original chain. Additionally, the Sui Agent Payments feature now enables autonomous software agents to pay for Alibaba Cloud services using USDC, allowing users to establish predefined spending limits for AI and cloud service calls.

Entities

Alibaba Cloud · Bitcoin · Spark Liquidity Layer · Sui Network