Demex Daily #149: Suilend Launches Engagement-Boosting Points Campaign on Sui Network

What’s Interesting Today:

Suilend, developed by the Solend team, has launched a points campaign to incentivize user engagement after successfully attracting over $40 million in total value locked (TVL) since its debut in March. The campaign rewards users with 10 million daily points, recorded as non-transferable tokens on the Sui blockchain, for activities such as asset deposits and community promotion. Suilend has shown rapid growth, becoming the fastest-growing lending platform on Sui, and has already paid $160k in interest to over 5,000 users. The protocol benefits from Sui Network's high performance, offering up to 297,000 transactions per second and transaction finality around 480 milliseconds, enhancing its efficiency and scalability in the DeFi sector.

QANplatform has launched the world's first quantum-resistant blockchain testnet that is compatible with the Ethereum Virtual Machine (EVM). This new testnet allows developers to create quantum-resistant smart contracts using any programming language. It addresses the urgent need for post-quantum security in blockchain technology, which current major blockchain networks find challenging to implement without risking their decentralized structure and user assets. This launch follows significant global concerns about quantum computing's ability to break current cryptographic algorithms, a threat that has prompted governments and corporations to prepare for a post-quantum era. The testnet also offers EVM-compatible protocols a safe environment to test quantum-resistant migration processes without jeopardizing actual user funds.