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

Dubai, UAE, February twenty sixth, 2024, Chainwire

The Layer-1 Obtained the Prime Honor at the Eurasia Awards Whereas Experiencing a Interval of Unprecedented Progress and Recognition

Sui, the layer 1 blockchain that has skilled explosive progress since its mainnet launch in 2023, has emerged as the winner at the Eurasia Awards held throughout the second version of AIBC Eurasia in Dubai. The gala occasion, famend for its world-class attendance and former winners such as Animoca Manufacturers and Crypto.com, witnessed the Sui Basis being honored for the main place the blockchain has achieved throughout the previous months. Different nominees for the 2024 award included Close to Protocol and 1inch Community.

Sui’s recognition comes amidst its vital progress and affect in the blockchain area. The Sui ecosystem has gained vital traction throughout the previous months. The layer 1 lately surpassed $600M in Whole Worth Locked (TVL) and secured a spot in the high 10 DeFi ecosystems. Likewise, examination of token flows through Wormhole—a number one cross-chain protocol that helps Sui—exhibits that of the nearly $500M price of funds that left Ethereum via Wormhole in the final 30 days, over 64% was moved to Sui.

The award choice was made on February 11, whereas the ceremony and the announcement happened on February 25, at the Competition Area in Dubai. Sui’s dedication to pushing the boundaries of blockchain know-how, as evidenced by its latest partnerships and expansions, has solidified its place as a frontrunner in the business.

Greg Siourounis, Managing Director of the Sui Basis, stated, “It’s truly an honor for Sui to receive this important recognition from AIBC. Winning the Eurasia Award for best blockchain solution speaks to the hard work and impactful contributions of the entire Sui community including our local partners like Ghaf Labs. This award should inspire builders on Sui to continue leveraging the network’s unique advantages and also encourage new or existing projects to opt into the fast-growing Sui ecosystem.”

The AIBC Eurasia Awards featured numerous classes, every spotlighting distinctive contributions inside the blockchain and gaming business. Different notable classes included “Web3 Gaming Leader of the Year,” “Crypto/Web3 Media of the Year,” and “Best Metaverse Project 2024.”

This distinguished panel that chosen Sui as the Blockchain of the Year included business veterans and enterprise leaders such as Olga Yaroshevsky (Ph.D. and AIBC’s Lead Producer), Pavel Matveev (CEO at Wirex), and Giacomo Arcaro (famend seed investor and Ethereum evangelist).

Sui Basis
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