⚡️Native USDC is now live on @SuiNetwork|Why the SUI ecosystem NAVI is worth paying attention to——
Circle officially launched native USDC on SUI today, and the TVL on SUI is rapidly climbing.
As a native liquidity protocol on Sui, the launch of USDC has directly brought a massive liquidity foundation to NAVI.
With a market cap exceeding $3.5 billion, this enormous liquidity pool acts as a booster for NAVI, significantly enhancing its position in the Sui ecosystem, making it the third-largest USDC liquidity provider, only behind Aave and Compound.
NAVI is becoming an indispensable financial infrastructure in the Sui ecosystem.
1️⃣Support for native USDC:
As a leading DeFi protocol in the Sui ecosystem, AVI promptly launched a series of supporting features after the native USDC went live on the Sui network, including a USDC deposit pool (Vault) and a migration tool from wUSDC to USDC, ensuring the safety and liquidity of user assets.
2️⃣Impact of native USDC launch on NAVI:
Short-term impact — Increased liquidity:
The support for USDC deposits and withdrawals on CEX will significantly enhance Sui's liquidity, and NAVI, as a major DeFi protocol, will become the preferred choice for users to increase leverage.
Recognition and competitiveness: The launch of native USDC has improved Sui's compliance, solidifying NAVI's position in the USDC lending market and offering APYs higher than Aave and Compound.
Long-term impact — A bridge for Web2 users:
Sui aims to attract Web2 users, and native USDC is a key step in this strategy. NAVI will serve as the entry point for Web2 users into Web3 DeFi, attracting new users with its product richness and high yields.
The launch of native USDC on Sui Network is a very positive signal for NAVI, as it not only enhances NAVI's liquidity and user experience but also strengthens the competitiveness and scalability of the entire Sui ecosystem. This will help NAVI secure a more advantageous position in the DeFi market, attract more participants, and drive further development of its business and ecosystem.
The combination of USDC's launch and NAVI not only adds a reliable digital currency asset to the Sui network but also provides NAVI with a competitive edge against other DeFi platforms. NAVI can attract more liquidity providers and borrowers by offering a native USDC liquidity pool, so stay tuned!
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