what's suilend?
Suilend is a decentralized lending protocol on the Sui blockchain, designed to provide efficient borrowing and lending services with a focus on security and user experience. It has grown to become the largest DeFi protocol on Sui, achieving over $1 billion in TVL since its launch in March 2024. The project extends beyond lending as Sui's DeFi Suite, incorporating infinite liquid staking through SpringSui and a superfluid AMM via STEAMM. Suilend introduced its governance token SEND in December 2024 via an mdrop mechanism, enabling holders to participate in DAO decisions and potential revenue sharing. It supports various assets like SUI, USDC, USDT, ETH, and SOL, offering rewards and strategies to maximize yields for users.
Suilend reached a $6.01 billion stablecoin market cap in late 2025.
contract
sui
Achieved total stablecoin market cap of $6.01 billion as of late 2025.
SEND rewards from SLND→SAVE conversion must be claimed by December 12, 2:00 PM UTC+8, with 0.15 SEND per SAVE reward expiring after this deadline.
Protocol integrates xBTC support, allowing borrowing, liquidity provision, leveraging, and farming of the Bitcoin asset.
Protocol executes $3M in token buybacks from generated revenue, retiring approximately 3.5% of total supply.
USDC lending pools experience utilization rates approaching 100%, preventing users from withdrawing their deposited funds.
Protocol achieves $1B TVL milestone as reported by DefiLlama.
Launches Suilend Strategies automated looping product offering ~11.5% yield on SUI (5x native staking rate), with strategy positions experiencing no liquidations during October 11 market crash.
Users avoid potential losses from Stream Finance incident, with loans in the Elixir isolated market being repaid and the isolated market structure preventing broader protocol contagion.
Earnings from Canton validator and app usage increase to $10M+ (85.18M $CC) over last 30 days, up from previously reported $9M+. Team sells 20M $CC tokens for $3M to extend operational runway and increases $send token LP depth.
Last 30 days earnings from Canton validator and app usage reach $9M+ (75.9M $CC), with current market cap at $32.6M and FDV at $98.7M.
Protocol integrates Elixir's deUSD stablecoin as part of cross-chain stablecoin infrastructure expansion on Sui.
Buyback spending surpasses $3M milestone and ranks as the most in Sui ecosystem and top 20 among all crypto projects.
Protocol becomes available to institutional investors through Fireblocks custody integration with WalletConnect, alongside Bluefin as the first two Sui apps on the platform.
xBTC supply milestone of 875 tokens achieved with high-yield opportunities up to 77% APR available through the lending protocol.
Protocol executes $2.7M in buybacks with $11M Annual Recurring Revenue
Treasury executes $47k token buyback in latest market operation.
Current market cap at $2M with 66-70% of supply locked or in strong hands.
TVL reaches $814M with 1,303% YoY growth; DEX volume surges from $9k to $40M since launch.
Protocol maintains 0% borrow fees for past 3 months, reducing entry barriers for yield farming strategies.
CTO team executes strategic migration from PUMP to BONK blockchain/token system, representing major technical infrastructure shift.
New ATTENTION product launches with Kaito integration for enhanced mindshare aggregation.
Active buyback program deploys $2.2M with additional $2M reserved for future market operations.
Protocol achieves largest lending status with 90% monthly TVL growth to $700M, with 10% in Bitcoin assets
Major institutional players enter ecosystem through ETF filings and integrations, while network metrics show substantial growth with $13.5B monthly DEX volume and tripled daily active users.
Token unlock of $3.69M scheduled for next week
Protocol achieves $102M in BTC deposits while increasing maximum LTV to 50% for LBTC and wBTC assets, establishing highest LTV ratio on Sui network.
Sui platform adds spot trading market, expanding trading accessibility.
New distribution of 333 mSEND to rootlet holders imminent.
Ecosystem reports $4M+ volume across 7+ games, 400k+ transactions, and announces third consumer-facing product arm launching May 22.
New rewards campaign launches offering $320 value capsules to Mad Lads community members for sharing platform experiences.
Protocol has captured 48% market share with $675M TVL.
Protocol adds new lending and borrowing rewards to platform, expanding on the previously announced 0% borrowing fees
Major AMA event on May 19th features $10K rewards campaign and upcoming alpha from multiple ecosystem partners.
Protocol introduces industry-first 0% borrowing fees while maintaining high yield rewards.
Protocol now featured in Phantom wallet, reaching 15M potential users
Backpack Wallet integration rewards program offers $20K for deposits, significantly lower than the $200K mentioned in previous wallet integration summary.
Major wallet integration launches with $200K rewards program, expanding trading and lending accessibility.
New yield farming opportunity launching on Yield Club dApp alongside other major Sui protocols.
Protocol reports 700M TVL (up from previously reported 650M) and claims consistent highest payouts across Sui drops.
40% token airdrop to community represents one of the largest community-first token distributions in recent history.
Protocol implements 0% borrow fees, enabling free arbitrage, refinancing, and hedging operations.
Protocol shows $650M TVL despite $35M market cap, with recent liquid staking integration.
Concerning chatter about potential rug pull activity detected.
Fee-driven protocol buybacks ongoing with price at $0.68; Season 2 airdrop imminent.
Active Season 2 airdrop program is running while offering 5% APY for wBTC lending through Wormhole integration.
TVL increases 37.7% in 30 days, outperforming ecosystem average of 35.3% and securing top-3 position among Sui projects.
$300M TVL and $25M treasury trades at $13M valuation, with imminent 50% token burn reducing total supply.
Ecosystem protocols show massive user growth with Steamm DAU up 2,329% and Spring SUI up 1,283% over 30 days.
TVL recovers to $350M with support from integrated liquid staking and yield-bearing AMM partnerships.
V2 launch delivers embedded wallets and modular plugins, driving 107% volume spike and 12.69% price increase with Solana's official endorsement.
Platform offers yield-generating ETH short positions on Sui blockchain.
Launched feature to convert SUI to sSUI within account in one step.
Up 52.7% as of latest market update.
DeFi protocol on Sui. wBTC deposits surpassed 100. Offers 12.52% deposit APR in $DEEP and 2.04% borrow APR.
$37.4m market cap with 18,093 holders. Top 100 holders control 81.15%. Ecosystem includes SendAI Fun (Solana AI Hackathon curator) and Send Arcade (on-chain gaming hub).
Rebounded from bear market to become biggest lending protocol, LST, and NFT collection on Sui.
Whales expected to pump to $300M market cap.
Now available for perps trading on WOO X (Sui Lend protocol).
First AI project to host hackathon for AI-Agents. Mentioned by Anatoly Yakovenko.
Price movement from 10m to 150m market cap, settling at 90m. Official host of Solana AI hackathon.
Grew from 18M to 170M market cap after Solana and Toly tweeted about it, achieving almost 10x gains.
Leading money market by TVL on Sui network. sSUI is top LST on Sui. Reached $6B in all-time trading volume.
Collected over $4M worth of SUI in mdrop claim penalties.
Recently listed on Bybit. #1 TVL protocol on SUI with $575M. $25K daily/$750K monthly revenue. Currently at $130M market cap.
Upcoming launch on Sui Network by Suilend protocol supported by Sui Network team.
Airdrop of 1000 SEND tokens to each rootlet holder.
Airdrop announced, includes allocation for Aftermath eggs holders worth $15 each.
Tokenomics released. Has $350M TVL as largest lending market on Sui. $100M+ TVL LST. Implementing "maturing airdrop" with different penalties/maturities - $1/3 months for farmers, $1.5/1y for save holders. 15% of supply allocated to Solend/Save.
Project described as ambitious, no specific metrics provided.