KEYTAKEAWAYS
- Four Major Protocols on Sui Chain Exceed $100 Million in TVL
- U.S. Government Holds Nearly 200,000 Bitcoin, Becoming World's Largest Sovereign Holder
- RED Token Airdrop Claim Volume Exceeds 2.5 Million
CONTENT
Welcome to CoinRank Daily Data Report. In this column series, CoinRank will provide important daily cryptocurrency data news, allowing readers to quickly understand the latest developments in the cryptocurrency market.
FOUR MAJOR PROTOCOLS ON SUI CHAIN EXCEED $100 MILLION IN TVL
According to DeFiLlama data, the total value locked (TVL) on the Sui chain has reached $1.263 billion, with 4 protocols exceeding $100 million in TVL.
Suilend Protocol leads with a TVL of $399 million, showing a daily growth rate of 3.03%; NAVI Protocol ranks second with a TVL of $343 million and daily growth of 0.19%; Cetus AMM ranks third with a TVL of $171 million and daily growth of 0.23%. Additionally, Haedal, Scallop Lend, Bluefin, and Bucket Protocol have TVLs of $154 million, $125 million, $83 million, and $60 million respectively.
Analysis:
Suilend Protocol’s strong growth demonstrates its leading position in the lending market, while the stable growth of NAVI Protocol and Cetus AMM reflects user demand for diversified DeFi services. Although the Sui chain is performing positively overall, the TVL scale of most protocols remains relatively small.
U.S. GOVERNMENT HOLDS NEARLY 200,000 BITCOIN, BECOMING WORLD’S LARGEST SOVEREIGN HOLDER
According to Arkham Intelligence data, the U.S. government currently holds 198,109 bitcoins (worth approximately $17.7 billion), exceeding the holdings of multiple sovereign wealth funds. According to official disclosures, these assets primarily originate from major criminal case seizures:
- November 2020: 69,370 BTC confiscated from the “Silk Road” hacker (codenamed Individual X)
- January 2022: 94,636 BTC recovered in the Bitfinex hack case (Ilya Lichtenstein and spouse)
- March 2022: 51,351 BTC seized in another “Silk Road” related case (James Zhong)
Analysis:
Despite holding nearly 1% of bitcoin’s circulating supply, the custodial mechanism of this “strategic reserve” effectively isolates short-term selling risk. Unlike active purchases by countries such as El Salvador, this passive accumulation model has less impact on market prices.
RED TOKEN AIRDROP CLAIM VOLUME EXCEEDS 2.5 MILLION
According to on-chain monitoring data from ZFW Chain Hub, the total claimed volume of RED token airdrops has exceeded 2.5 million. The highest allocation is 2,531 RED. Most claiming addresses received airdrop amounts concentrated in the 200-500 token range, while only 53 addresses received over 1,000 tokens.
Analysis:
The distribution pattern of the RED airdrop reflects the project team’s clear intention to control token circulation: by limiting the number of high-allocation addresses, they avoid concentrated selling pressure in the short term. At the same time, covering a wider user base with moderate amounts strengthens the foundation for community participation.
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