Bluefin's TVL (Total Value Locked) dramatically increases to nearly $200 million following the introduction of their lending platform.

Bluefin's TVL (Total Value Locked) dramatically increases to nearly $200 million following the introduction of their lending platform.

The decentralized exchange (DEX) platform, Bluefin, on the Sui blockchain has experienced a notable surge in growth, with its Total Value Locked (TVL) approaching $200 million. This places Bluefin as the third-largest DEX on Sui, following a series of events that have boosted the platform's popularity.

The increase in Bluefin's TVL can be attributed to several factors, including high trading volume, attractive yields, and increasing institutional and retail interest. In the month of June alone, Bluefin recorded over $1 billion in perpetual contracts trading volume, highlighting strong user engagement in both spot and derivatives markets.

Bluefin offers a range of products, including Bluefin Spot, Bluefin Perps, and AlphaLend, a non-custodial lending protocol. The platform's stablecoin deposit yields, which are over 8%, have drawn significant capital from yield-seeking DeFi investors.

The Sui ecosystem itself has shown resilience and rapid expansion, with stablecoin transfers on Sui surpassing those on Solana for the first time, indicating growing adoption and liquidity. This growth coincides with Sui blockchain’s overall TVL surpassing $2.2 billion, marking a significant rise in ecosystem liquidity and usage.

Upcoming launches such as a DEX aggregator and tailored high-frequency trading (HFT) functionalities for institutional traders provide further growth potential and platform usage.

As of mid-July 2025, the entire Sui blockchain’s TVL was measured at approximately $2.19 billion to $2.22 billion, reflecting the broader ecosystem's health and momentum.

While exact pair rankings were not specified, the emphasis on stablecoins and perpetual contracts suggests that stablecoin pairs and perpetual contract pairs involving major assets within the Sui ecosystem are among the most actively traded pairs on Bluefin. The integration of decentralized Bitcoin products like Threshold’s tBTC also hints at growing interest in BTC-related pairs on Sui-based DEXs, including Bluefin.

The Bluefin token ($BLUE), launched at $0.26 in December 2024, has declined to around $0.084 as of July 2025. However, the token's fundamentals remain strong with growing TVL and ecosystem development driving significant potential upside.

In summary, the combination of robust trading volumes, attractive yields, strong Sui ecosystem growth, and innovative product launches are key drivers behind Bluefin’s increasing TVL on the Sui blockchain, supported by a currently robust TVL nearing $200 million and heavy trading in stablecoin and derivatives pairs.

1. The surge in Bluefin's TVL, which is approaching $200 million, has caught the attention of the finance industry, with many investors seeing potential in the platform's offerings, such as Bluefin Spot, Bluefin Perps, and AlphaLend.
2. The growing popularity of Bluefin in the technology sector is also evident in the multiple news articles focusing on its high trading volume, attractive yields, and innovative features like the upcoming DEX aggregator and tailored high-frequency trading functionalities for institutional traders.

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