PANews reported on April 4th that according to official sources, the Sui ecosystem lending protocol Scallop generated $641,000 in transaction fees over the past 7 days and produced over $279,000 in protocol revenue. Scallop has become the fourth-ranked lending protocol in terms of fees and income, behind Venus, AAVE, and kaminolend. It is understood that Scallop had voluntarily suspended its main lending functions for 24 hours to avoid the FDUSD de-pegging risk, yet still achieved high returns.
Sui Ecosystem Protocol Scallop ranks fourth among all lending protocols in terms of fees and revenue in the past 7 days
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