According to Foresight News , Messari released Sui's Q4 2023 and Q1 2024 reports, in which Sui's average daily DEX trading volume increased by 3,689% in the past two quarters to $78 million. Projects built on Sui raised $11.3 million in the first quarter of 2024, 31% higher than the total amount raised by Sui projects in 2023. Projects raised in the first quarter include Talofa Games, Scallop, NAVI, Cetus, and Karrier One.
In addition, Sui DeFi TVL increased by 1459% to $786.6 million in the past two quarters. Incentive programs helped drive growth, and several protocols including NAVI, Scallop, and DeepBook launched or announced tokens in the first quarter of this year. During the on-chain game mission Quest 3, Sui averaged 151,000 daily active addresses and peaked at 453,000. Excluding this period, Sui's average daily active addresses in the past two quarters were 24,000.
