探索SUI Defi生态系统的快速增长，分析其主要参与者，创新功能和战略合作伙伴关系。

Sui DeFi Ecosystem Analysis: Diving Deep into Decentralized Finance

SUI Defi生态系统分析：深入研究分散的金融

Sui's DeFi ecosystem has exploded onto the scene, making some serious noise. We're talking about a permissionless blockchain that's not just another face in the crowd. Launched by ex-Meta masterminds, it’s carving out its own space with a unique object-centric data model and the Move programming language. Let’s dive into what makes Sui tick and why it's becoming a DeFi hotspot.

Sui的Defi生态系统已经爆炸到现场，发出了严重的声音。我们谈论的是无许可的区块链，这不仅是人群中的另一个面孔。由Ex-Meta策划者推出，它通过独特的以对象为中心的数据模型和移动编程语言来雕刻自己的空间。让我们深入了解Sui tick的原因以及为什么它成为Defi Hotspot。

Sui's DeFi Rise: Numbers Don't Lie

Sui的Defi Rise：数字不撒谎

Sui's architecture is built for speed and efficiency, which translates to killer DeFi platforms for lending, trading, and staking. The numbers tell the story: TVL rocketed from $25 million at launch to over $2 billion by May 2025, making Sui the third-largest non-EVM chain by TVL. By June 2025, it surpassed Avalanche and Polygon with a DeFi TVL exceeding $1.7 billion. Stablecoin volume jumped from $400 million to nearly $1.2 billion in just four months, with monthly transfer volume exceeding $70 billion. The cumulative DEX volume? Over $110 billion, with an average daily volume of around $250 million. That's not just impressive; it's insane!

SUI的架构是为了速度和效率而建立的，这转化为用于贷款，交易和积累的杀手defi平台。这个数字讲述了这个故事：TVL从推出的2500万美元飙升至2025年5月的20亿美元，使Sui成为TVL的第三大非EVM连锁店。到2025年6月，它超过了雪崩和多边形，其DEFI TVL超过17亿美元。在短短四个月内，Stablecoin量从4亿美元跃升至近12亿美元，每月转移量超过700亿美元。累积的DEX量？超过1,100亿美元，平均每日数量约为2.5亿美元。这不仅令人印象深刻；太疯狂了！

Key Players in the Sui DeFi Game

SUI DEFI游戏的主要参与者

So, who are the big shots making waves in Sui's DeFi world? Let's break it down:

那么，在Sui的Defi世界中，谁在大镜头呢？让我们将其分解：

• Cetus Protocol (CETUS): Think Uniswap V3 but on Sui (and Aptos). Their Concentrated Liquidity Market Maker (CLMM) model lets liquidity providers maximize capital efficiency and minimize slippage.
• Turbos Finance (TURBOS): Known for its robust growth and love for meme tokens, Turbos offers innovative trading mechanisms and comprehensive listings. Plus, it dodged the Cetus exploit like a pro.
• Aftermath Finance (AF): Aiming for a CEX-like experience on-chain, Aftermath offers multi-asset liquidity pools, a smart-order router, and liquid staking derivatives. They're trying to be the