Suilend has closed a $4 million funding round, with Robot Ventures as the lead investor.

BlockBeats News, December 6, the Sui ecosystem lending protocol Suilend announced the completion of a $4 million financing round, led by Robot Ventures, with participation from multiple venture capital firms and angel investors. Earlier this year, the project had received a $2 million financing round.

This funding will help Suilend withstand potential market changes. According to DefiLlama data, Suilend is the second largest DeFi protocol on the chain by TVL and the largest lending protocol, with a TVL close to $470 million. Its 30-day revenue is nearly $820,000, making it one of the highest-earning protocols on the chain.