Dubai, March 6, 2024 – Sui, the layer 1 blockchain platform, emerged victorious at the AIBC Eurasia Awards held during the second edition of the AIBC Eurasia conference in Dubai on February 25, 2024. 1
The award recognizes Sui’s position as a leading blockchain solution and its significant growth since its Mainnet launch in 2023.
The AIBC Eurasia Awards are known for their prestigious reputation, and past winners include established names like Animoca Brands and Crypto.com.
This year, Sui surpassed other contenders such as Near Protocol and 1inch Network to claim the top blockchain prize.
Sui’s award indicates its growing influence within the blockchain space, according to analysts.
The platform has experienced rapid user adoption, and its total value locked (TVL) in decentralized finance (DeFi) protocols has reportedly surpassed $600 million, ranking it among the top 10 DeFi ecosystems. 1
Additionally, a recent analysis indicates that a significant portion of funds exiting the Ethereum blockchain through the Wormhole cross-chain bridge have migrated to Sui, with an estimated 64% making the switch.
The award encourages the Sui developers to take advantage of their network, which will guarantee more projects and the growth of the Sui ecosystem, Managing Director of the Sui Foundation, Greg Siourounis, commented. 2
- Blockchain Solution of the Year: https://alexablockchain.com/sui-wins-blockchain-of-the-year-at-aibc-eurasia/[↩][↩]
- Blockchain Solution of the Year: https://www.cryptotimes.io/2024/02/27/sui-wins-blockchain-award-at-aibc-eurasia-2024/[↩]
