On May 21st, according to official news, Backpack announced a strategic partnership with NAVI Protocol, a DeFi project on the Sui blockchain. Users can deposit, borrow, and trade assets directly on NAVI while using Backpack Wallet, with a chance to share a total prize pool of $12,000. Specific activity details can be found here.
Backpack Wallet stated that its monthly active users exceed 500,000, with a peak daily trading volume of $3.66 billion.
Additionally, as the largest DeFi protocol on Sui, NAVI Protocol's total value locked (TVL) reached $750 million at its peak in 2024, and the platform has facilitated over 7.45 million transactions for more than 1 million users.



