Sui Emerges as Winner at Eurasia Awards for Blockchain of the Year
Sui, the layer 1 blockchain that has experienced explosive growth since its mainnet launch in 2023, has been named the winner at the Eurasia Awards held during the second edition of AIBC Eurasia in Dubai. The Sui Foundation was honored for its leading position in the industry, beating out other nominees such as Near Protocol and 1inch Network.
Growing Influence and Recognition
- Sui’s ecosystem has gained significant traction in recent months
- The layer 1 blockchain surpassed $600M in Total Value Locked (TVL)
- Secured a spot in the top 10 of DeFi ecosystems
- Over 64% of funds moved from Ethereum through Wormhole were moved to Sui
This recognition comes as Sui continues to experience unprecedented growth and influence in the blockchain space. The blockchain recently achieved a milestone of over $600 million in Total Value Locked (TVL) and secured a spot among the top 10 DeFi ecosystems. Additionally, a significant portion of funds leaving Ethereum through Wormhole, a leading cross-chain protocol that supports Sui, were directed towards Sui.
Award Ceremony and Announcement
- Award decision made on February 11
- Ceremony and announcement took place on February 25 at the Festival Arena in Dubai
The award decision was made on February 11, with the ceremony and announcement taking place on February 25 at the Festival Arena in Dubai. Sui’s dedication to pushing the boundaries of blockchain technology through partnerships and expansions solidified its position as a leader in the industry.
“It’s truly an honor for Sui to receive this important recognition from AIBC. Winning the Eurasia Award for best blockchain solution speaks to the hard work and impactful contributions of the entire Sui community including our local partners like Ghaf Labs. This award should inspire builders on Sui to continue leveraging the network’s unique advantages and also encourage new or existing projects to opt into the fast-growing Sui ecosystem.” – Greg Siourounis, Managing Director of the Sui Foundation
AIBC Eurasia Awards
The AIBC Eurasia Awards featured various categories highlighting exceptional contributions within the blockchain and gaming industry. Alongside Sui’s win as Blockchain of the Year, other notable categories included “Web3 Gaming Leader of the Year,” “Crypto/Web3 Media of the Year,” and “Best Metaverse Project 2024.” The panel of judges responsible for selecting Sui as the winner included industry veterans and business leaders such as Olga Yaroshevsky, Pavel Matveev, and Giacomo Arcaro.
Contact Information
If you have any inquiries or would like to reach out to the Sui Foundation, please use the following contact information:
Sui Foundation
[email protected]
Hot Take: Sui’s Recognition Signals Continued Growth in the Blockchain Industry
Sui’s win at the Eurasia Awards for Blockchain of the Year highlights its significant growth and influence in the blockchain space. As a crypto enthusiast, this recognition serves as a testament to the power and potential of layer 1 blockchains like Sui. Here are some key takeaways:
- Sui has experienced explosive growth since its mainnet launch in 2023
- The blockchain surpassed $600 million in Total Value Locked (TVL) and secured a spot among the top 10 DeFi ecosystems
- Sui has become a preferred destination for funds leaving Ethereum, with over 64% of funds moved through Wormhole directed towards Sui
With its dedication to pushing the boundaries of blockchain technology and its growing ecosystem, Sui is well-positioned to continue its upward trajectory. As a crypto investor or enthusiast, it’s worth keeping an eye on Sui and exploring the opportunities it presents.
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