Decentraland (mana) 
Sui Network Completes First Hydropower Accelerator Program, Supports 12 New Projects
The Sui Foundation has announced the successful completion of its inaugural Hydropower Accelerator program, with 12 graduating teams poised to continue building their solutions on the Sui ecosystem. These projects were selected from hundreds of applications and target a diverse array of sectors, including DeFi, DePIN, and real-world assets.
Diverse Range of Projects
The selected projects include:
- 7k, a smart trading ecosystem that has become Sui’s second-largest aggregator
- AdToken, a peer-to-peer advertisement network that enables businesses to launch on-chain ad campaigns
- InsiDeX, a platform providing insights into all DeFi activities on Sui
- Gifted, a digital gifting platform that improves the experience of sending and receiving digital art
- Lotus Finance, a decentralized market maker
- Nativerse, which focuses on non-custodial liquid staking
- Nemo Protocol, a native yield trading platform
- Pomerene, a DePIN solution for international trade
- Printr, a tokenization and fundraising platform
- Protocol Media Labs, which aims to strengthen the journalism sector by offering decentralized tools
One participant’s details were not disclosed.
Sui Hydropower Accelerator Program
The Sui Hydropower Accelerator is an eight-week program designed to empower startups building on the Sui network. The program offers expert mentorship, hands-on learning, and access to critical resources. Participants receive guidance in areas such as technology, product development, marketing, and fundraising, as well as the chance to engage with Web3 experts and fellow builders.
At the end of the program, participating teams get the opportunity to garner feedback from “Sui-friendly venture capitalists.” Sui plans to support more builders by offering additional programs in the coming year.
Sui Ecosystem Expansion
The latest development comes as the Sui ecosystem has witnessed significant growth in the final quarter of 2024. According to its Q4 report, Sui reached a peak TVL of $1.8 billion, with an average TVL of $1.4 billion, more than doubling the previous quarter’s amount. Meanwhile, its cumulative volume surged nearly 10 times compared to the previous quarter.
Sui’s growth is being driven by decentralized finance, decentralized physical infrastructure networks, and gaming projects being built on its blockchain. The project has continued to strengthen its market presence via key integrations and partnerships.
For more news on the Sui ecosystem and other Web3 developments, stay tuned to Global Crypto News.
