Posted: February 26, 2024 at 9:16 am Up to date: February 26, 2024 at 9:16 am
Dubai, United Arab Emirates, 26 February 2024, Chainwire
Layer-1 received high honors on the Eurasia Awards and skilled a interval of unprecedented development and recognition
Sui, a layer 1 blockchain that has skilled explosive development since its mainnet launch in 2023, received the Eurasia Awards held through the second annual AIBC Eurasia in Dubai. Famend for its world-class participation and former winners equivalent to Animoca Manufacturers and Crypto.com, the gala occasion noticed the Sui Basis acknowledge the management that blockchain has achieved in current months. Different contenders for the 2024 award included Close to Protocol and 1inch Community.
Sui’s recognition comes amid its vital development and affect within the blockchain house. The Sui ecosystem has gained vital traction in current months. Layer 1 just lately surpassed $600 million in whole worth locked (TVL), securing a spot within the high 10 DeFi ecosystems. Likewise, an examination of token flows by Wormhole—the main cross-chain protocol that helps Sui—reveals that of the practically $500 million in funds that left Ethereum by Wormhole up to now 30 days, over 64% was moved to Sui. .
The award determination was made on February 11, whereas the ceremony and announcement happened on February 25 on the Pageant Area in Dubai. Sui’s dedication to pushing the boundaries of blockchain know-how, as evidenced by its current partnerships and expansions, has cemented its place as an trade chief.
Greg Siourounis, Govt Director of the Sui Basis, mentioned: “It’s really an honor for Sui to obtain this essential recognition from the AIBC. Profitable the Eurasia Award for Greatest Blockchain Resolution speaks to the arduous work and spectacular contribution of the whole Sui neighborhood, together with our native companions like Ghaf Labs. This award ought to encourage Sui builders to proceed to reap the benefits of the community’s distinctive advantages, in addition to encourage new or current tasks to enroll to Sui’s quickly rising ecosystem.”
The AIBC Eurasia Awards featured a various array of classes, every shining a highlight on distinctive contributions within the blockchain and gaming industries. Different notable classes included “Web3 Gaming Chief of the Yr”, “Crypto/Web3 Media of the Yr” and “Greatest Metaverse Venture 2024”.
This distinguished panel, which chosen Sui as Blockchain of the Yr, included veterans and enterprise leaders equivalent to Olga Yaroshevsky (Ph.D. and Chief Producer of AIBC), Pavel Matveev (CEO of Wirex) and Giacomo Arcaro (famend seed investor and Ethereum). evangelist).
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