On July 16, $Sui Foundation released the DeFi report for the second quarter of 2025, showing that its ecosystem TVL peaked at $2.555 billion on May 21, stabilized at more than $2 billion in the latter part of the quarter, and transaction volume increased by 30.54% year-on-year. BTCfi launched sBTC and xBTC assets, and in terms of institutional investment, 21Shares' $SUI ETF is close to being listed on NASDAQ. In addition, protocols such as Momentum and Suilend performed well, driving the continued expansion of the ecosystem. [PANews]