Top 10 Projects Built on Sui – Which One Has the Most Potential in 2025?

Sui is the best-performing layer 1 blockchain in 2024 and 2025. On January 1 2024, Sui had only $211.99 million in TVL. Now, the blockchain has gone over the mark of $2 billion.

But that doesn’t end here. The blockchain has also registered a massive spike in daily active wallets, active users and transactions. The number of protocols that started building on Sui has also increased, making it a good competitor for Solana and Ton.

In today’s article, we’ll take a look at what are the top 10 most valuable projects on Sui and what are they building. Enjoy!

Suilend Protocol

Sui Lend is a decentralised lending protocol built on the Sui blockchain, launched in March 2024. It enables users to borrow and lend crypto assets while supporting features like multi-asset collateral, dynamic interest rates, and risk-isolated lending pools.

The project is an expansion of Solend, one of Solana’s top protocols, and brings proven expertise to Sui’s ecosystem.

Sui Lend allows users to earn interest by lending assets or borrow against collateral, managed through automated smart contracts. It offers two lending pool categories:

• Main assets: Secure and rigorously reviewed, supporting combined collateral.
• Isolated assets: For newer or volatile tokens, with strict risk containment.

A standout feature is SpringSui, a liquid staking solution that allows users to stake SUI tokens and use the resulting sSUI tokens in DeFi. This eliminates traditional unstaking delays while maintaining peg stability.

Wave

Wave is a Telegram-based platform that combines GameFi and DeFi, making crypto fun and accessible. Built on the Sui blockchain, it serves as a launchpad for games and apps, enabling users to earn tokens and rewards while exploring Web3.

Users can play games like Ocean Game, Lucky Wheel, and Battle Game, earning OCEAN tokens, SUI, and NFTs. The Wave Wallet simplifies participation with a hybrid system using both on-chain tokens and off-chain points, reducing costs and making it beginner-friendly.

Wave also offers DeFi features like staking, trading, and a launchpad for new projects, allowing users to earn rewards and explore innovative Sui-based dApps. Its native tokens—$WEWE, $OCEAN, and $WAVE – power the ecosystem, enabling transactions, rewards, and future developments.

NAVI Protocol

Navi Protocol is the first native liquidity protocol built on Move chains, offering a one-stop solution for lending, borrowing, and leveraged yield farming. Designed for the Sui ecosystem, it enables users to participate as LPs or borrowers while focusing on simplicity, security, and accessibility.

Navi allows users to lend and borrow crypto assets without intermediaries by utilizing shared liquidity pools. Liquidity providers deposit assets into these pools and receive LP tokens, representing their share. These tokens can be used as collateral to borrow other assets, with collateralization ratios dynamically adjusted based on market conditions.

Governance is powered by the NAVX token, allowing holders to vote on critical decisions like interest rates, new assets, and protocol changes.

Cetus Protocol

Cetus Protocol is a DEX and concentrated liquidity protocol built on the Sui and Aptos blockchains. Its main goal is to simplify trading and improve liquidity efficiency for DeFi users.

Cetus uses the Concentrated Liquidity Market Maker model, allowing liquidity providers to focus their assets in specific price ranges. This strategy helps maximise fee earnings and improves capital efficiency compared to traditional AMM models.

Cetus uses a double-token model with CETUS as its main token and xCETUS for governance. Users can earn rewards through transaction fees, liquidity mining, and loyalty programs.

Scallop Lending

Scallop Lend is a decentralised money market built on the Sui blockchain. It offers high-interest lending and low-fee borrowing, making it a versatile platform for both casual users and professional traders.

Founded by Kris Lai in 2021, Scallop began as a small lending system and has since expanded into a robust protocol with backing from the Sui Foundation. Users can participate in peer-to-peer lending, depositing assets into pools to earn passive income through sCoins, which accrue interest over time.

For borrowers, Scallop provides institutional-grade loans, allowing users to access funds by depositing collateral. Interest rates and borrowing terms are clear and dynamically adjust based on supply and demand.

Bluefin

Bluefin is a DEX built on the Sui blockchain, designed for both new and experienced traders. It uses a central limit order book system to provide fast, efficient, and transparent trading, aiming to replicate the smooth experience of centralised exchanges while maintaining decentralisation.

Founded in 2020 by brothers Rabeel and Ahmad Jawaid, Bluefin has grown with backing from notable investors like Polychain and Sui Foundation. It offers features like token swaps, liquidity pools, and perpetual futures trading, ensuring flexibility for users.

Bluefin’s hybrid on-chain/off-chain design speeds up transactions while maintaining security through on-chain verification. Its Wormhole-powered bridge supports seamless cross-chain transfers, enhancing asset accessibility.

Aftermath Finance

Aftermath Finance is a decentralised trading and investing platform on the Sui blockchain. The platform is designed to provide a fast, inexpensive, and transparent ecosystem where users can trade, invest, and earn yield while keeping full custody of their assets.

Features include multi-asset liquidity pools, a smart-order router for efficient trading, and liquid staking derivatives (afSUI), which allow users to stake tokens while maintaining liquidity for other DeFi activities. The platform also supports perpetual markets, enabling leverage trading of crypto, forex, and GameFi assets.

Sui’s high-speed and scalable architecture enables Aftermath to eliminate reliance on off-chain systems, ensuring full decentralisation. The team has developed a multi-year roadmap, with plans to introduce NFT lending, structured financial products, and tools for hedging and arbitrage strategies.

AlphaFi

AlphaFi is the first DeFi yield optimizer built on the SUI blockchain, focusing solely on maximizing user yields. It simplifies yield optimization for both beginners and experienced users by automating complex processes like compounding, liquidity management, and vault strategies.

Users can deposit assets into AlphaFi’s vaults, where the platform handles liquidity ranges, compounding, and reinvestment. This ensures optimal returns without the need for manual intervention. AlphaFi leverages SUI’s high speed and low fees, offering efficient and secure strategies for yield generation.

The platform operates transparently, encoding all processes on-chain and providing a trustless experience for users. AlphaFi also rewards users with ALPHA tokens, which serve as incentives and allow for participation in governance decisions.

Bucket Protocol

Bucket Protocol is a decentralised stablecoin platform built on the Sui Network. It allows users to borrow $BUCK, a stablecoin pegged to 1 USD, by locking their digital assets in collateralized debt positions called Bottles.

$BUCK’s stability is maintained through robust mechanisms like liquidations, redemptions, and a Peg Stability Module (PSM). Users can convert $BUCK to USDC/USDT at a 1:1 rate, ensuring its value stays close to $1.

The platform provides low collateralization requirements (110%), fixed interest rates, and seamless asset management without governance intervention. Features like flash loans and multi-collateral support make it versatile for users.

Typus Finance

Typus Finance is a decentralised options trading platform built on the Sui blockchain, designed to optimise yield and enhance liquidity in DeFi. It combines swaps, lending, and derivatives to create an efficient options market for high-volatility, long-tail assets.

The protocol introduces innovative tools like yield vaults, Dutch auctions, and 10-minute options, making it accessible for both beginners and experienced traders. Options sellers can deposit into Typus vaults, earning returns automatically as vaults roll over, while buyers can access tailored strategies like short-duration options for quick profits.

Typus uses cash-settled European-style options with robust collateralisation to minimise risks. The protocol also supports popular tokens like BTC, ETH, SUI, and meme tokens, catering to a broad user base.

Closing Thoughts

In conclusion, the Sui blockchain has rapidly emerged as a strong contender in the layer-1 ecosystem, with its remarkable growth in TVL, daily active users, and innovative protocols.

The top 10 projects highlighted in this article showcase the diversity and potential of the Sui ecosystem, from decentralised lending solutions like Sui Lend to groundbreaking GameFi platforms like Wave and sophisticated DeFi protocols like Aftermath Finance and Typus Finance.