Scallop Lending Protocol Reaches $100 Billion Milestone

According to Odaily, the Sui ecosystem lending protocol, Scallop, has achieved a total lending amount of $100 billion. Additionally, Scallop has generated over $2 million in fees, with a transaction volume exceeding $57 million. The total value locked (TVL) in the protocol has reached a record high of $167 million. This significant milestone indicates a high level of activity on the decentralized application (DAPP).