Summary

Solend’s upcoming launch on the Sui blockchain, their first deployment on a blockchain other than Solana, reflects their confidence in Sui’s technology and potential as a long-term partner. This expansion will introduce Solend’s robust DeFi offerings to a new user base and attract more developers to the Sui ecosystem. The move follows Bluefin’s announcement to build their V2 exclusively on Sui, further strengthening the platform.

Introduction

Solend, the leading lending and borrowing protocol on Solana, is set to launch on the Sui blockchain. This integration signifies Solend’s trust in Sui’s technology. With over $140 million in total value locked (TVL) and support for over 70 assets, Solend is one of Solana’s most influential DeFi platforms. Expanding to Sui will enable Solend to introduce their DeFi offerings to a new user base and attract more builders to the Sui ecosystem.

Main Points

• Solend, with over $140 million TVL and support for over 70 assets, is the top lending and borrowing protocol on Solana.
• Solend’s expansion to the Sui blockchain will introduce their DeFi products to a new community of users and attract more developers to the Sui ecosystem.
• Sui’s security features, including the Move language and partnerships with security firms, ensure the highest security standards for smart contracts on the Sui blockchain.
• Sui offers top-tier performance with parallel processing for low-latency transactions and easy onboarding for new users through zkLogin.

Conclusion

Solend’s expansion to the Sui blockchain demonstrates their commitment to exploring new opportunities and reaching a wider audience. By leveraging Sui’s technology, Solend aims to attract more developers and continue its upward trajectory in the DeFi industry. Sui’s scalability, efficiency, and strong foundation make it an ideal platform for Solend’s growth.