Sui and 21Shares Just Got Even More Serious: TVL Surges 70%

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Oh look, it’s official. Sui and 21Shares are basically BFFs now – and the crypto world is here for it. On May 14, they gave their partnership a big ol’ kiss, reaffirming their love affair to increase Sui’s adoption globally. Institutions are definitely paying attention (because, you know, they always do when the TVL goes wild). 🤑

The two have gone full speed ahead with their strategic union, which started as a whisper back on May 1. Now they’re talking joint product development and research, because why not? It’s not like crypto is competitive or anything… 🙄

Federico Brokate from 21Shares was feeling extra poetic, saying, “Partnering with Sui speaks to where we see the future of blockchain infrastructure heading.” Oh, Federico. Your words almost make me believe that you have a crystal ball. He went on, “We believe Sui has the technical underpinnings, DeFi and developer ecosystems, and institutional alignment to play a central role in crypto for a long time.” Wow, someone has faith. 😏

This renewed bond is part of 21Shares’ big plans to take over America (just kidding… maybe). They’re hoping to break out of their European bubble and build upon Sui’s infrastructure. “We’ve teamed up with @21Shares / @21Shares_US for next-level product collaborations, research reports, and other initiatives,” Sui tweeted today like a proud partner. 💑

And here’s the cherry on top: Sui’s decentralized finance ecosystem is absolutely *blowing up*. According to DeFiLlama, Sui’s TVL has spiked 70% in just one month. It’s now the 8th biggest blockchain, with nearly $2.06 billion locked up. Are you kidding me? Talk about a glow-up. 💸💥

Meanwhile, Duncan Moir from 21Shares was also fangirling over Sui at the Sui Basecamp conference. He said, “Since our earliest research into Sui, we believed it could become one of the most exciting blockchains in the industry… our planned roadmap with Sui is a reflection of both conviction and investor demand.” So basically, they’re all in. All the chips are on the table. 🙌

Oh, and did I mention 21Shares filed for a SUI ETF with the SEC earlier this month? Yeah, that’s a thing. It’s safe to say this crypto power couple is just getting started. Watch out, world. 💥

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2025-05-14 23:49