Sui DeFi Protocol Full Sail to Wind Down Operations

Full Sail's wind-down highlights the brutal economics of DeFi on emerging L1s, where differentiation is hard and liquidity is sticky. For Sui's ecosystem, this is a signal about the survivability of smaller protocols competing against established aggregators and DEXs. The key question is whether this is an isolated case or the start of a broader consolidation, and whether the protocol's exit unlocks value for users or simply drains confidence in the chain's app layer.