Sui selected as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards

adminFebruary 26, 2024

Dubai, UAE, February 26, 2024, Chainwire

Layer-1 has achieved unprecedented growth and recognition, taking top honors at the Eurasia Awards.

Sui, a layer 1 blockchain that has experienced explosive growth since its mainnet launch in 2023, emerged as the winner of the Eurasia Awards held at the 2nd AIBC Eurasia Expo in Dubai. At the gala event, renowned for its world-class participants and previous winners such as Animoca Brands and Crypto.com, the Sui Foundation was honored for the leading position blockchain has achieved over the past few months. Other nominees for the 2024 award include Near Protocol and 1inch Network.

Sui’s rise to prominence comes amid significant growth and influence in the blockchain space. The Sui ecosystem has gained significant interest over the past few months. Layer 1 recently surpassed $600 million in Total Value Locked (TVL) and ranked among the top 10 DeFi ecosystems. Similarly, an examination of token flows through Wormhole, the leading cross-chain protocol supporting Sui, found that more than 64% of the nearly $500 million worth of funds exiting Ethereum through Wormhole in the last 30 days went to Sui. . .

The award decision was made on 11 February, with the awards ceremony and announcement taking place at the Dubai Festival Arena on 25 February. Sui’s commitment to pushing the boundaries of blockchain technology, as evidenced by recent partnerships and expansions, has solidified its position as an industry leader.

“We are truly honored for Sui to receive this important recognition from AIBC,” said Greg Siourounis, Executive Director of the Sui Foundation. Winning the Eurasia Award for Best Blockchain Solution represents the hard work and influential contributions of the entire Sui community, including local partners such as Ghaf Labs. “This award will inspire Sui builders to continue leveraging the network’s unique strengths and encourage new or existing projects to choose the fast-growing Sui ecosystem.”

The AIBC Eurasia Awards featured a variety of categories, each highlighting outstanding contributions within the blockchain and gaming industries. Other notable categories include “Web3 Game Leader of the Year,” “Cryptocurrency/Web3 Media of the Year,” and “Best Metaverse Project of 2024.”

The distinguished panel that selected Sui as Blockchain of the Year included industry veterans and business leaders such as Olga Yaroshevsky (Ph.D. and Executive Producer at AIBC), Pavel Matveev (CEO of Wirex), and Giacomo Arcaro (renowned seed investor and Ethereum) . evangelist).