There are already many big hairs on Sui, with WAL nearby and DEEP BLUE far away. Suggest focusing on follow-up. Quantitative performance of Sui ecology TVL： As of April 2025, the TVL of Sui ecosystem ranks 9th among all public chains, with a total locked value exceeding 1.5 billion US dollars (data source: DeFiLlama）。 Market value performance of ecological projects: Two projects within the Sui ecosystem - WAL and DEEP - have entered the top 100 in terms of cryptocurrency market value. The market has a high recognition of the top projects within the Sui ecosystem, and their tokens have strong value capture capabilities. Stable coin circulation: The circulation supply of stable coins on the Sui chain has reached a historical high of approximately $900 million. The high liquidity of stablecoins provides ample liquidity for DeFi protocols within the ecosystem. The competitive advantage of Sui ecology From a theoretical perspective, Sui's success is attributed to: High throughput and low latency: Sui adopts an object centric data model and parallel processing mechanism, significantly improving transaction throughput and confirmation speed, and has a competitive advantage in high-frequency DeFi scenarios. Modular ecological design: Sui supports the development of modular protocols, allowing developers to focus on specific functions and thus form a diverse ecological pattern. Capital efficiency and user incentives: Through native token incentives and liquidity mining, Sui has attracted a large number of developers and users. Sui Ecological Projects Worth Attention The following are the key projects within the Sui ecosystem, both TGE and non TGE: TGE project has been completed Suilend Positioning: The leading lending agreement within the Sui ecosystem, with TVL ranking first in the ecosystem. Data reference: TVL accounts for approximately 30% of Sui's ecosystem (about $500 million). Cetus Positioning: The leading DEX in the Sui ecosystem. Bluefin Positioning: Derivatives and spot trading DEX. Navi Positioning: A comprehensive agreement that combines lending and liquidity pledge (LST). Scallop Positioning: A lending platform that focuses on user experience and cross chain integration. Data reference: TVL is approximately $140 million, ranking among the top ecological lending agreements. TGE project not yet completed Momentum Positioning: A liquidity engine for the Sui ecosystem, aimed at optimizing on chain asset liquidity and inter protocol collaboration. Investment and Observation Suggestions For investors and researchers who are interested in the Sui ecosystem, it is recommended to focus on monitoring the following indicators: Top Project Dynamics: WAL and DEEP, as ecological leaders, have their token prices, TVL growth rates, and protocol fees as indicators of ecological health. Ecological synergy effect: Observing user flows and capital cycles between lending, DEX, and derivative agreements to assess the sustainability of the ecosystem. On chain activity: Determine user adoption and protocol stickiness through on chain data analysis, such as the number of active addresses and daily transaction volume.