As a seasoned researcher with a keen eye for emerging blockchain trends, I must admit that Sui’s latest partnership with Ant Digital Technologies and ZAN has piqued my interest significantly. With its focus on tokenizing environmental, social, and governance-backed real-world assets, Sui is poised to make a meaningful impact in the world of decentralized finance (DeFi).
Sui aims to strengthen its presence in the area of real-world asset tokenization by forming a new alliance with Ant Digital Technologies and a provider of web3 plug-and-play solutions named ZAN.
The Sui (SUI) team plans to use their latest partnership to convert real-world assets with an environmental, social, and governance focus into digital tokens. These tokens will be available on the Sui blockchain, expanding the availability of ESG-backed real-world assets to global investors.
As a forward-thinking crypto investor, I’m excited about the vision of Ant Digital Technologies, ZAN, and Sui, which are paving the way for easy access to green assets. These platforms are all about tokenizing sustainability-focused assets that prioritize scalability and innovation. The global on-chain value dedicated to responsible investments has grown impressively to over $13 billion, and key players like Copper, Bybit, and MEXC are instrumental in driving this growth trajectory.
Sui’s recent partnership follows shortly after the multi-class asset exchange and wallet service, Backpack, revealed its integration with Sui. This connection could stimulate more developer engagement and user acceptance of Sui, as new projects can leverage the technology within the ecosystem for listing purposes.
Growth for Sui has also come with several other milestones through the year.
Here are some key updates: Phantom wallet has integrated, allowing for seamless use on the American cryptocurrency exchange Coinbase. This includes USDC deposits and withdrawals directly from the platform. Additionally, they’ve unveiled their Sui Bridge testnet. On another note, Sui has also enabled native FDUSD deposits and withdrawals on Binance.
In simpler terms, the growth of decentralized financial systems, infrastructure networks, and gaming projects is fueling the market expansion for Sui. The total worth of funds locked within these protocols built on the blockchain platform has risen significantly, mirroring a surge in the value of SUI over the past few months.
According to DeFiLlama’s latest data, Sui’s Total Value Locked (TVL) is approximately $2.3 billion. The leading categories within this TVL include staking, lending, yield farming platforms, prediction markets, RWA, and decentralized exchanges. As of now, NAVI protocol, Suilend, Scallop, and Cetus Automated Market Maker (AMM) are the top protocols in terms of TVL.
Read More
- AI16Z PREDICTION. AI16Z cryptocurrency
- POL PREDICTION. POL cryptocurrency
- Crypto ETPs hit $44.5b in YTD inflows amid Bitcoin surge
- Hong Kong Treasury says crypto is not a ‘target asset’ for its Exchange Fund
- Li Haslett Chen to Leave Warner Bros. Discovery Board
- SEN PREDICTION. SEN cryptocurrency
- Blockaid new dashboard to track Web3 activity and threats
- US States charges ahead to adopt Bitcoin Reserve Legislation
- EXCLUSIVE: Alia Bhatt in talks with Dinesh Vijan for a supernatural horror thriller; Tentatively titled Chamunda
- Shiba Inu, Bonk, Pepe prices rebound: Beware of dead cat bounce
2024-12-13 20:23