Dubai, UAE, February 26, 2024, Chainwire
Layer-1 receives top honor at Eurasia Awards while experiencing a period of unprecedented growth and recognition
SuiLayer 1 blockchain, which has experienced explosive growth since its mainnet launch in 2023, emerged as the winner at the Eurasia Awards held during the 2nd AIBC Eurasia in Dubai. The gala event is known for its world-class attendees and past winners such as Animoca Brands and Crypto.com, and will see the Sui Foundation recognized for the leadership position blockchain has achieved over the past few months. I saw it with my own eyes. Other nominees for the 2024 award included Near Protocol and 1inch Network.
Sui’s recognition comes amid significant growth and influence in the blockchain space. The Sui ecosystem has received a lot of attention in recent months. Layer 1 recently surpassed $600 million in Total Value Locked (TVL), securing its place in the top 10 of the DeFi ecosystem. Similarly, a study of token flows through wormholes, the leading cross-chain protocol supporting Sui, found that 64% of the approximately $500 million worth of funds exited Ethereum through wormholes in the past 30 days. This shows that the above has been moved to Sui. .
The award was decided on February 11th, and the award ceremony and announcement was held on February 25th at the Festival Arena in Dubai. Sui’s dedication to pushing the boundaries of blockchain technology has solidified its position as an industry leader, as evidenced by recent partnerships and expansions.
Greg Ciolounis, Managing Director of the Sui Foundation, said: “It is a true honor for Sui to receive such important recognition from the AIBC. The award speaks to the hard work and impactful contributions of the entire Sui community, including our local partners. will encourage them to join the rapidly growing Sui ecosystem.”
The AIBC Eurasia Awards have diverse categories, each highlighting outstanding contributions in the blockchain and gaming industry. Other notable categories include “Web3 Gaming Leader of the Year,” “Crypto/Web3 Media of the Year,” and “Best Metaverse Project 2024.”
The distinguished committee that selected Sui as Blockchain of the Year included Olga Yaroshevsky (Ph.D., lead producer of AIBC), Pavel Matveev (CEO of Wirex), Giacomo Arcaro (distinguished It included industry veterans and business leaders such as seed investors and Ethereum. evangelist).
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Source: the-blockchain.com
