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News Explorer — Sui Ecosystem Fund Plans $50M in DeFi Support

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Oct 5, 1:12 pm
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Sui Ecosystem Fund Plans $50M in DeFi Support

The Sui Foundation has announced a $51.3 million ecosystem fund to support its DeFi sector and on-chain central limit order book-based platform, DeepBlock. The funds will be used to offer grants to developers of DeFi applications and support the on-chain CLOB platform for routing and matching trades. Sui aims to provide high-frequency trading capabilities and boasts a record of 65.8 million transactions in a single day.

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