Dubai, UAE – February 26, 2024
The groundbreaking achievements of Sui, the innovative Layer-1 blockchain, were celebrated at the prestigious Eurasia Awards during the second edition of AIBC Eurasia in Dubai. The Sui Foundation was recognized for its exceptional progress and impact on the blockchain industry since its mainnet launch in 2023.
Sui’s Triumph at the Eurasia Awards
Among the notable nominees for the award, such as Near Protocol and 1inch Network, Sui was distinguished for its remarkable growth and influence. The blockchain’s ecosystem has witnessed significant traction in recent months, surpassing $600M in Total Value Locked (TVL) and securing a top-ten position in the DeFi ecosystem. In addition, token flow data from Wormhole—a leading cross-chain protocol that supports Sui—reveals that over 64% of the nearly $500M worth of funds that departed ethereum in the past month were directed towards Sui.
Award Ceremony and Industry Recognition
The decision to honor Sui as the “Best Blockchain Solution” of 2024 was made on February 11, while the award ceremony took place on February 25 at the Festival Arena in Dubai. Sui’s commitment to pushing the boundaries of blockchain technology, as demonstrated by its strategic partnerships and expansions, has solidified its position as a leading player in the industry.
“It’s an immense privilege for Sui to receive this significant accolade from AIBC. The Eurasia Award for the best blockchain solution underscores the tireless efforts and innovative contributions of the entire Sui community, including our esteemed local partners like Ghaf Labs. This award serves as an inspiration to developers on Sui to continue harnessing the network’s unique advantages and a call to action for new or existing projects to join the thriving Sui ecosystem,”
said Greg Siourounis, Managing Director of the Sui Foundation.
Awards and Categories at AIBC Eurasia
The esteemed AIBC Eurasia Awards showcased exceptional achievements within the blockchain and gaming industries through various categories. Some of these categories included “Web3 Gaming Leader of the Year,” “Crypto/Web3 Media of the Year,” and “Best Metaverse Project 2024.”
Selecting the Winner: A Panel of Industry Experts
Industry veterans and business leaders, including Olga Yaroshevsky (Ph.D., AIBC’s Lead Producer), Pavel Matveev (CEO at Wirex), and Giacomo Arcaro (renowned seed investor and ethereum evangelist), comprised the distinguished panel that chose Sui as the “Blockchain of the Year.”
Contact
Sui Foundation
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