Grayscale Launches Two Trusts Linked to Sui Ecosystem Protocols
Grayscale has announced the launch of two single-asset investment trusts tied to the Sui ecosystem protocols, DeepBook and Walrus. These trusts provide accredited investors the opportunity to invest in the native tokens of these platforms amidst a recent surge in activity on the Sui network. DeepBook, which functions as an on-chain order book, has processed over $10 billion in volume, while Walrus focuses on programmable data storage. Overall, the recent developments indicate a burgeoning decentralized finance scene within the Sui ecosystem, which has reached a total value locked (TVL) of $2.2 billion after hitting an all-time high of $2.3 billion in late July. Grayscale's initiative, reflected in Mill City Ventures' significant financial maneuvers within the ecosystem, aims to broaden access to Sui's offerings for institutions and retail traders alike, enhancing the blockchain's growth potential and usability.
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