Solend, a leading lending protocol, has officially launched Suilend on the Sui Network, marking its first venture outside the Solana ecosystem.
Benefits for Sui Ecosystem
Suilend brings Solend’s expertise in building industry-leading lending protocols to Sui, enhancing the ecosystem’s depth and capabilities.
Advanced Tools and Security
Rooter, Solend’s founder, praised Sui’s advanced developer tools and Move language, which provide built-in protections for smart contracts. Suilend will also benefit from Sui’s industry-leading security and rigorous audits by Zellic and Ottersec.
High Performance and Scalability
Sui’s parallel processing and low latency enable Suilend to handle a high volume of transactions efficiently. It can achieve a throughput of up to 297,000 transactions per second with a time-to-finality of approximately 480 milliseconds.
Growing DeFi Ecosystem
Sui has surpassed $500 million in TVL, making it one of the top 10 DeFi ecosystems globally. The migration of assets from Ethereum to Sui via Wormhole demonstrates the growing trust in Sui’s DeFi capabilities.
Quote from Sui Foundation
Greg Siourounis, managing director of the Sui Foundation, welcomed Suilend to the ecosystem, stating that its transaction speeds, scalability, and efficiency are ideal for DeFi projects.
