Sui DeFi TVL Rankings 2026: Lending and DEX Protocol Breakdown

Sui’s DeFi ecosystem has surged past $2 billion in total value locked as of February 4,2026, doubling in three months and cementing its status as the fastest-growing blockchain by this metric. With SUI trading at $1.12, down 1.75% over the past 24 hours from a high of $1.15 and low of $1.08, the network’s high-speed architecture continues to attract capital into lending and DEX protocols. This Sui DeFi TVL boom reflects robust user adoption and protocol innovation, particularly in Sui lending TVL leaders like Suilend and NAVI Lending.

Lending platforms now command the lion’s share of this growth, outpacing DEX volumes in stability and yield generation. Suilend ended Q2 2025 with $548.9 million TVL, securing 31.2% market share, while NAVI Lending trailed at $498.4 million or 28.3%. These figures, amid broader Sui DeFi 2026 expansion, signal a maturing market where efficiency and risk-adjusted returns matter more than hype.

Sui Lending Protocols Lead TVL Charge

The top five lending protocols on Sui by TVL exemplify this shift: Suilend, NAVI Lending, AlphaLend, Scallop Lend, and OmniBTC. Drawing from DefiLlama and recent analytics, NAVI Lending holds $209.23 million with daily fees of $327,076, showcasing strong utilization. Suilend follows at $186.86 million TVL and $483,600 in fees, underscoring its edge in liquidity depth. AlphaLend’s $75.5 million TVL pairs with $104,045 fees, positioning it as a mid-tier contender with growth potential. Scallop Lend manages $30.77 million alongside $44,908 fees, while OmniBTC lags at $2.15 million, highlighting the concentration at the top.

Fundamentally, these protocols thrive on Sui’s object-centric model, enabling parallel execution and low-latency borrowing. Suilend’s dominance stems from competitive yields and integrated risk engines, capturing over 30% share through sustainable mechanics rather than incentives alone. NAVI Lending complements this with a suite including staking and DEX tools, diversifying revenue and boosting composability. Yet, AlphaLend’s rapid ascent signals innovation in isolated markets, potentially challenging the duopoly if it scales collateral options.

Dissecting Suilend and NAVI Lending Fundamentals

Suilend, Sui’s TVL kingpin, leverages advanced oracles and liquidation systems for stability, evident in its 11% monthly growth to highs near $745 million per recent reports. At 31.2% market share, it anchors Sui lending TVL, offering yields that outpace Ethereum counterparts like Aave amid lower gas costs. NAVI Lending, with 14% monthly gains to $723 million, integrates seamlessly across Sui dApps, its multi-product approach yielding higher fees per TVL ratio.

AlphaLend merits attention for its $75.5 million TVL efficiency, focusing on niche assets with superior risk isolation. Scallop Lend, though smaller at $30.77 million, innovates in flash loans, potentially exploding if DEX liquidity surges. OmniBTC rounds out the list at $2.15 million, a reminder that tail-end protocols face adoption hurdles in a winner-takes-most landscape.

DEX Protocols Complement Lending Dominance

While lending steals the TVL spotlight, Sui DEX TVL rankings feature Cetus and Bluefin driving volumes. Cetus averaged $170.7 million daily in Q2 2025, Bluefin $78.5 million, fueling cross-protocol activity. This synergy amplifies lending utilization, as swap liquidity underpins borrowing demand. Suilend and NAVI benefit directly, with DEX inflows converting to deposits.

Looking ahead, this DEX-lending interplay positions Sui for sustained expansion, with lending protocols absorbing swap-generated liquidity to offer yields exceeding 10% APY on stable assets. As SUI holds at $1.12, protocol revenues from fees like Suilend’s $483,600 daily underscore profitability absent from inflationary token models plaguing rivals.

Scallop Lend, at $30.77 million TVL, stands out for innovation; its flash loan engine supports atomic arbitrage, drawing DEX traders and amplifying Sui lending TVL indirectly. OmniBTC’s modest $2.15 million reflects Bitcoin-centric niches, vulnerable to BTC-SUI correlations but offering uncorrelated yields in volatile markets. Collectively, these capture over 90% of Sui lending TVL, a concentration demanding scrutiny for systemic risks.

Fundamentally, Suilend edges NAVI through superior capital efficiency, measured by fee-to-TVL ratios nearing 0.26%. NAVI counters with composability, integrating DEX swaps for seamless yield farming. AlphaLend’s isolated pools mitigate contagion, a prudent design as Sui TVL nears $2.6 billion per reports. Smaller players like Scallop innovate where leaders consolidate, potentially eroding duopoly margins if flash loan volumes spike alongside Cetus’ $170.7 million daily trades.

Risks and Resilience in Sui Lending

No TVL surge lacks pitfalls. Oracle dependencies plague all five, with Suilend and NAVI leaning on Pyth for pricing; a lapse could trigger mass liquidations, as seen in prior chains. AlphaLend’s isolation helps, but low liquidity amplifies slippage. Scallop’s flash loans invite exploits, while OmniBTC’s BTC focus exposes it to macro shocks. Still, Sui’s parallel processing slashes liquidation times to seconds, bolstering resilience versus Solana or Ethereum peers.

Key Strengths of Top Sui Lenders

1. 

   Suilend: Excels in liquidity depth, leading Sui’s lending with deep pools for efficient borrowing amid $2B+ ecosystem TVL.

2. 

   NAVI Lending: Stands out via multi-product integration, combining lending, DEX, and staking for comprehensive DeFi access.

3. 

   AlphaLend: Differentiates with risk isolation mechanisms, using segregated markets to mitigate systemic risks effectively.

4. 

   Scallop Lend: Powers innovation through flash loans, enabling capital-efficient strategies without collateral.

5. 

   OmniBTC: Specializes in BTC yields, bridging Bitcoin liquidity to Sui for high-return lending opportunities.

In my view, this ecosystem favors patient allocators. Suilend suits conservative yield seekers with its market-leading stability, while NAVI appeals to active farmers leveraging DEX ties. AlphaLend offers asymmetric upside for risk-tolerant investors eyeing 2x TVL growth. Scallop and OmniBTC remain speculative, best as satellites to core positions.

As Sui DeFi 2026 unfolds, expect lending TVL to hit $1.5 billion, propelled by Mysticeti upgrades enhancing throughput. With SUI at $1.12 amid consolidation, protocols generating real fees like these five will separate from token-pumped pretenders. Traders and LPs should monitor utilization rates weekly; dips below 60% signal rotation risks. Sui’s primitives deliver where others falter: scalable, efficient finance without the hype.