What is $NAVX, which is now live on Binance Alpha? @navi_protocol
$NAVX is the native token of @navi_protocol. Currently, @navi_protocol's TVL has exceeded 500 million USD, with over 900,000 cumulative users, and the lending protocol's revenue has surpassed 5 million USD, making it the second-largest protocol in the @SuiNetwork ecosystem 💥
In the @CetusProtocol incident, @navi_protocol responded quickly by lowering the supply cap and suspending lending to protect liquidity, subsequently recovering over 30% of its TVL, demonstrating a rebound in user trust.
What other updates does the team have recently, and what is @astros_ag? 👀 Let's take a look.
@navi_protocol vs @KaminoFinance 💪
@solana's leading lending protocol @KaminoFinance
@SuiNetwork's first lending protocol @navi_protocol
From the chart, we can see that compared to @KaminoFinance, @navi_protocol has a lower TVL (about 500 million), but still possesses potential in terms of product modules, on-chain usage flow, and growth opportunities.
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@navi_protocol Three Major Products
🔹 Navi Lending: The first lending protocol on the @SuiNetwork blockchain, currently supporting over twenty types of assets.
🔹 Volo LST (Liquidity Staking): A liquidity staking module that supports $SUI staking and $vSUI minting. $vSUI can continuously earn staking rewards and can be used in other DeFi transactions, lending, and more.
🔹 Astros Aggregator (Trading Aggregator): Integrates liquidity from multiple DEXs, calculating the best execution path and executing trades when users place orders.
📌 As of the latest data on June 11, 2025, Astros' total trading volume has exceeded $10 billion, with a total of 1.4 million trades and 125,000 users. The Gas Sponsor has saved users 9.9K $SUI in fees, worth over $30,000.
Product Page 🔗
@navi_protocol is not just one of the top two DeFi protocols on @SuiNetwork; now, through its three major products, it covers key applications in DeFi and is gradually becoming the "one-stop liquidity center" in the @SuiNetwork ecosystem.
📘 Article reading: What is NAVX, which is now live on Binance Alpha? Introduction to Navi Protocol, the leader in Sui lending.
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