From Cointelegraph

March 7, 2025 11:49:10 AM:

Sui blockchain partners with World Liberty Financial, adding SUI token to reserve. Eric Trump’s ties to WLFI raise controversy, as the protocol relies on Aave v3 for DeFi functions. Sui’s market cap surged 153% in Q4 2024, with DEX volume up 1,591% YoY, ranking among top 20 cryptos and top-10 DeFi blockchains.

Critics question WLFI’s value proposition, accusing it of repackaging Aave services. Industry figures like Mike Dudas and Andre Cronje slam the project as a “pay-to-play” scheme with high fees. Concerns remain unaddressed by WLFI, fueling skepticism about its legitimacy and business model.

SUI price surges 12% post-partnership announcement with WLFI, sparking investor speculation. Zak Folkman hints at future partnerships with US-based crypto projects endorsed by Eric Trump. Sui’s object-centric data model and transaction execution make it a strong fit for DeFi applications, promoting efficiency and liquidity movement.

Onchain data estimates WLFI holds $336 million in crypto assets, including ETH, WBTC, and AAVE. Recent transfers to Coinbase Prime and addition of $21.5 million in assets ahead of White House Crypto Summit raise questions about holdings. Sui teases expansion in Washington, DC, with potential ETF inclusion in the works, though industry remains cautious.

Read more at Cointelegraph: WLFI’s DeFi credentials under fire after Sui partnership