Another interesting data point that caught my eye today is how @MMTFinance quietly supercharged the @SuiNetwork DEX landscape. For months, Sui’s DEX TVL hovered steadily between $200M and $600M — until September 26th, when it suddenly spiked to $800M before cooling to around $673M. Here’s the kicker: @MMTFinance alone accounts for 67.6% of that total, standing out as the only DEX on Sui with over $100M in TVL. While a large part of this liquidity rotated from other protocols, it’s not just reshuffling — stablecoin deposits on Sui have doubled since the last lows, signaling fresh capital flowing in. But beyond the numbers, what’s truly fascinating is how MMT reached this point. Through a string of thoughtful partnerships — from @buidlpad’s HODL and UGC campaigns to the WAGMI drive and even an integration with @KaitoAI — MMT managed to onboard a diverse mix of users: liquid stakers, content creators, and liquidity providers alike. It’s a clever blend of community, incentives, and narrative and it’s setting the tone for what could be their most pivotal growth phase yet. Keep your eyes peeled, I’ll be sharing a dashboard soon that breaks all this down visually.
Some interesting data points on @MMTFinance ↓ ‱ In the last 2 months, TVL surged by 200% dominated by USDC (41%) and USDT (17%) deposits. ‱ Has one of the most active pools on Sui netwok with the SUI/USDC pool sitting pretty well on top with 3.89X more volume that Cetus. ‱ Stands out as the top protocol on Sui ranked by fees ($100K+ in the last 24 hours). ‱ Still has some of the best liquidity pools to deposit idle liquidity (here focus more on fees per pool than APY). For example, SUI-USDC generates over 80% of fees which pushed APY to 158%. An interesting thing to look for is boosted pool and deposit early (that's how to win the ve3,3 game) Expect a DeFillamma full dashboard soon
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