NAVI Prime launches institutional lending framework on Sui

NAVI Protocol launches NAVI Prime: Sui-based lending framework

NAVI Protocol officially launches NAVI Prime, a Sui-based lending framework designed to support funds seeking greater transparency, clarity and control over capital management.

Core Points

NAVI Prime provides lending infrastructure for institutional and professional capital on Sui. The NAVI Protocol said the framework focuses on transparent and controllable fund management. According to DefiLlama data, the total locked position value of NAVI Protocol is approximately US$124.6 million. U.S. investors can obtain compliant SUI exposure through CME futures contracts.

The NAVI Protocol states that NAVI Prime is designed for funds that have higher requirements for clarity, transparency and control. The framework is deployed on the Sui blockchain to provide lending infrastructure for institutional and professional capital.

NAVI Prime focuses on professional capital

NAVI Prime has launched a lending framework specifically for professional market participants. NAVI Protocol's existing platform serves users who provide assets or mortgages, while the new framework focuses on meeting the needs of funds and institutional investors.

The NAVI Protocol stated that transparency is one of the core elements of the product. Because NAVI Prime runs on Sui, its lending activities can leverage online chain infrastructure while providing clearer capital management supervision for participating funds. Control is another core part of framework design. NAVI said the product was built for funds that want more autonomy in the management of their assets in the lending environment.

NAVI Protocol already operates the lending market on Sui. Its official documents describe the platform as a unified service that integrates lending, borrowing, trading and revenue strategies. The Sui Ecosystem Directory lists NAVI as a native mobility protocol built using the Move programming language. The agreement's existing lending service allows users to supply supporting tokens and earn interest. Borrowers can deposit collateral to obtain other digital assets, and the system manages loan risk through overcollateralized positions.

According to DefiLlama data, NAVI's lending market supports SUI, USDC, USDT, encapsulated Ethereum and encapsulated Bitcoin. The platform also provides segregated loan pools and flash loans.

NAVI Protocol manages assets exceeding US$124 million

As of August 17, DefiLlama has tracked a total locked position value of approximately US$124.6 million, with all funds deployed on Sui. Active loans are approximately $65.8 million, meaning that borrowers have used more than half of the value of locked positions in the agreement tracking product. DefiLlama classified NAVI Lending, Volo LST and Volo Vault into the NAVI Protocol group.

According to DefiLlama data, NAVI incurred approximately US$404,300 in expenses in the previous 30 days. Agreed revenue for the same period was approximately US$153,700, and annualized expenses were estimated at US$23.2 million. NAVI Lending charges users interest and borrowing fees, while Volo's products generate revenue through pledge services and revenue strategies. DefiLlama recorded cumulative expenses of US$39.1 million and cumulative agreement revenue of US$16.1 million.

The agreement's governance token, NAVX, had a market value of approximately US$5.7 million in circulation at the time of the data snapshot. There are approximately 816.2 million NAVX tokens in circulation, with a maximum supply of 1 billion tokens. DefiLlama data shows that NAVI Protocol raised US$4 million through two rounds of financing in early 2024. Investors include OKX Ventures, Hashed, Mysten Labs, Mechanism Capital, Coin98 Ventures, Gate.io and many other crypto investment institutions.

According to documentation, NAVI's governance system allows NAVX holders to participate in proposals and vote on agreement changes. The platform has also developed software tools that allow developers to add functions such as lending, borrowing, account management and pooling to Sui apps.

Stabiloins support Sui's lending activities

With Sui adding a variety of dollar-denominated assets, staboins have become an important part of the NAVI lending market. According to DefiLlama, the agreement currently supports tokens such as USDC and USDT. The NAVI Protocol has stated that the bridged USDC held by users can be exchanged for native USDC through the platform. The integration brings Circle's stablecoins into NAVI's lending market on Sui.

Bitcoin-related lending later became an active area. NAVI Protocol and OKX jointly launched a two-month xBTC event that provided US$700,000 in incentives to users who supply assets through Sui. OKX distributed $200,000 in SUI rewards through its Earn service, while NAVI provided an additional $500,000 in NAVX tokens. NAVI co-founder Elliscope Fang said the collaboration aims to develop bitcoin-based decentralized finance within the Sui ecosystem.

Sui added another US dollar asset, USDsui, in March 2026, which was issued by Stripe's subsidiary Bridge through its open issuance platform. The Sui Foundation stated that USDsui is specifically designed for payments and decentralized finance. When launched, the organization reported that the amount of stablecoin transfers processed by the network in January 2026 had exceeded US$111 billion. SuiUSDe supported by Ethena was also launched in Sui a month ago. NAVI, along with other Sui applications such as Aftermath, Bluefin, Cetus, Scallop, and Suilend, has supported this asset since its launch on the main network.

CME Futures provide a path to U.S. compliance

For U.S. investors, SUI exposure can also be obtained through futures contracts traded on CME Group, a U.S. regulated derivatives exchange. These contracts provide cash-settled SUI exposure, eliminating the need for traders to hold tokens in on-chain wallets. CME Group launched SUI futures in May 2026, along with new contracts linked to Avalanche. The exchange offers standard and micro products for both assets. Standard SUI futures contracts represent 50,000 SUI, and micro contracts represent 5,000 SUI. CME uses the CME CF Sui-Dollar reference exchange rate to settle these two products in cash. CME said these contracts can support price exposure, hedging, relative value trading and basis strategies. SUI joins Bitcoin, Ethereum, Solana, Cardano, Chainlink and Stellar as one of the digital assets covered by CME's regulated derivatives products.