{"id":162984,"date":"2024-03-12T12:00:49","date_gmt":"2024-03-12T12:00:49","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=162984"},"modified":"2024-03-12T12:00:52","modified_gmt":"2024-03-12T12:00:52","slug":"solend-team-introduces-suilend-revolutionizing-defi-lending-on-sui-blockchain","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/solend-team-introduces-suilend-revolutionizing-defi-lending-on-sui-blockchain\/","title":{"rendered":"Solend Team Introduces Suilend, Revolutionizing DeFi Lending on Sui Blockchain"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">Solend has announced the launch of <strong>Suilend<\/strong>, an innovative<strong> DeFi lending protocol built on the architecture of the Sui blockchain.<\/strong><\/li>\n<li style=\"text-align: justify\">Solend&#8217;s protocol stands out as the ninth largest on Solana, with a <strong>total locked volume (TVL) of $212 million<\/strong> and active participation from over <strong>170,000 users<\/strong> in lending operations spanning over 70 asset types.<\/li>\n<li style=\"text-align: justify\">The team behind Solend expresses<strong> its goal with Suilend to build &#8220;rocket ships&#8221; using advanced tools offered by Sui and Move.<\/strong><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong>Solend, recognized as a leading lending platform on the <a href=\"https:\/\/crypto-economy.com\/solana\/\" target=\"_blank\" rel=\"noopener\">Solana<\/a> blockchain, has announced the launch of <a href=\"https:\/\/blog.sui.io\/solend-lending-protocol-suilend-launch\/\" target=\"_blank\" rel=\"noopener\">Suilend<\/a>, a new DeFi lending protocol.<\/strong> This innovative project is built on the architecture of the <strong>Sui<\/strong> <strong>blockchain<\/strong>, specifically designed to provide <strong>scalability<\/strong>, a crucial factor in supporting the rapid growth of DeFi platforms.<!--more--><\/p>\n<p style=\"text-align: justify\"><strong>Solend&#8217;s<\/strong> <strong>protocol<\/strong> stands out as the <strong>ninth largest on Solana<\/strong>, with <strong>a TVL of $212 million.<\/strong> Additionally, it boasts active participation from over<strong> 170,000 users<\/strong> in lending operations spanning over <strong>70 asset types<\/strong>. The choice of Suilend to leverage the Move programming language confirms the intention to capitalize on superior performance and advanced capabilities of <strong>tools provided by <a href=\"https:\/\/crypto-economy.com\/what-is-sui\/\" target=\"_blank\" rel=\"noopener\">Sui<\/a>.<\/strong><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/suilendprotocol?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@SuilendProtocol<\/a> is now live on Sui! The <a href=\"https:\/\/twitter.com\/solendprotocol?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@solendprotocol<\/a> team went from \u201cbuilding a cathedral with chisels and hammers\u201d to building \u201crocket ships\u201d on Sui with <a href=\"https:\/\/twitter.com\/hashtag\/Move?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Move<\/a>.<\/p>\n<p>Give them a warm welcome and dive into the platform here! <a href=\"https:\/\/t.co\/sHzmK2wIQy\" target=\"_blank\">https:\/\/t.co\/sHzmK2wIQy<\/a> <a href=\"https:\/\/t.co\/LpM0IaoWg1\" target=\"_blank\">pic.twitter.com\/LpM0IaoWg1<\/a><\/p>\n<p>&mdash; Sui (@SuiNetwork) <a href=\"https:\/\/twitter.com\/SuiNetwork\/status\/1767316762331398569?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 11, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">The team behind Solend, led by founder &#8216;Rooter,<strong>&#8216; has expressed its goal to build &#8220;rocket ships&#8221; with Suilend<\/strong>, referring to advanced tools like lasers and welders offered by Sui and Move. In comparison, development on Ethereum and Solana<strong> is likened to building a cathedral using chisels and hammers<\/strong>. The metaphor highlights the need for more advanced tools in the DeFi environment, and <strong>Suilend is presented as the answer to this need.<\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-80403\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/03\/solend-post-1.jpg\" alt=\"solend post\" width=\"825\" height=\"300\" \/><\/p>\n<h2>Solend and Sui Build the Future of DeFi<\/h2>\n<p style=\"text-align: justify\">Suilend, being a novel project, is launched at a time when<strong> DeFi protocols on Sui have experienced rapid growth, accumulating a TVL that surpasses $500 million in just 10 months since its launch.<\/strong> The protocol aims to capitalize on the high transaction speed and fast settlement times offered by Sui, considered particularly beneficial for DeFi protocols.<\/p>\n<p style=\"text-align: justify\"><strong>Suilend is already available on the mainnet for those holding beta passes<\/strong>. With a refined interface, the protocol provides users with the necessary tools to make informed decisions in the DeFi space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Solend has announced the launch of Suilend, an innovative DeFi lending protocol built on the architecture of the Sui blockchain. Solend&#8217;s protocol stands out as the ninth largest on Solana, with a total locked volume (TVL) of $212 million and active participation from over 170,000 users in lending operations spanning over 70 asset types. &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Solend Team Introduces Suilend, Revolutionizing DeFi Lending on Sui Blockchain\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/solend-team-introduces-suilend-revolutionizing-defi-lending-on-sui-blockchain\/#more-162984\" aria-label=\"More on Solend Team Introduces Suilend, Revolutionizing DeFi Lending on Sui Blockchain\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":162986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[111,84,74],"tags":[4620,5287,5348,9512],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/162984"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=162984"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/162984\/revisions"}],"predecessor-version":[{"id":162988,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/162984\/revisions\/162988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/162986"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=162984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=162984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=162984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}