Suilend, an innovative blockchain project, has officially transitioned out of its beta phase, marking a significant milestone in its quest to transform decentralized technology. Now open to the public, Suilend introduces its groundbreaking lending protocol, representing Solend's inaugural venture beyond the Solana ecosystem via the Sui Network.

This advancement allows Suilend to onboard users without the necessity of a beta pass through NFT. Since its beta launch on March 11, 2024, Suilend has attracted over $30 million in total value locked (TVL) and garnered a user base exceeding 3,000.

Leveraging the Solend team's extensive experience and expertise, Suilend integrates seamlessly with the Sui blockchain. Renowned for its successful lending system on Solana, with $260 million in TVL and a thriving community of 170,000 users, this expansion represents a strategic move utilizing their deep understanding of the lending industry.

During its beta phase, Suilend underwent rigorous testing and development, incorporating user feedback to refine its features and functionality. As it transitions to full operation, Suilend is poised to deliver a scalable, secure, and user-friendly blockchain solution.

A key milestone for Suilend is the successful deployment of its mainnet, laying the groundwork for its decentralized ecosystem. This launch paves the way for frictionless peer-to-peer transactions, smart contract execution, and decentralized applications (DApps).

Suilend has also attracted a growing community of developers, enthusiasts, and stakeholders, actively contributing to the platform's evolution. With impressive scalability and performance capabilities, Suilend stands out as an ideal choice for various decentralized applications and use cases.

The CEO of Suilend expressed excitement about exiting beta, emphasizing the team's dedication and the platform's potential to revolutionize the decentralized landscape.

Benefiting from Sui's exceptional performance attributes, including low latency and scalable design, Suilend sets a new standard for efficiency and scalability in DeFi. With its remarkable throughput and transaction finality time, Suilend maximizes efficiency and speed in transaction processing.

Suilend utilizes Pyth Network to gather pricing information from major market makers, trading houses, and exchanges, enhancing transparency and reliability in pricing data.

As Suilend embarks on this new phase, it remains committed to driving innovation, fostering collaboration, and empowering developers and users to unlock the full potential of blockchain technology. With its impressive achievements and ambitious roadmap, Suilend is poised to leave a lasting impact on the blockchain industry and usher in a more decentralized future.