Sui Network is aiming for a massive stablecoin ecosystem.
Earlier this year,
@SuiNetwork went live with gas-free stablecoin transfers on its scalable L1 blockchain.
Less than two months later as $SUI's stablecoin supply has reached an impressive $479M, per DefiLlama data, the metric up +2.31% on the week at time of writing.
This makes it the 19th largest chain by stablecoin supply, with
@Optimism $OP (currently 18th) very much in the crosshairs.