Share This Article
Rebeca Moen Nov 22, 2024 15:47
Sui collaborates with Franklin Templeton Digital Assets to bolster its blockchain ecosystem, highlighting projects like Deepbook and Karrier One, amid growing interest from global investment firms.
Sui has announced a strategic partnership with Franklin Templeton Digital Assets, aiming to support Sui ecosystem builders and advance novel technologies through the Sui blockchain protocol. This collaboration marks a significant step in Sui’s efforts to expand its presence in the blockchain industry, according to Sui Foundation.
Since 2018, Franklin Templeton Digital Assets has been at the forefront of blockchain-based technology solutions, including running node validators and developing diverse investment strategies. Their dedicated digital assets research team utilizes fundamental tokenomic analysis and insights from an embedded data science team to shape product development and investment decisions.
Franklin Templeton has expressed interest in several projects within the Sui ecosystem. Notable mentions include Deepbook, a decentralized finance (DeFi) platform likened to a central limit order book used by exchanges to facilitate trading, and Karrier One, a decentralized mobile carrier. Additionally, Ika, a parallel MPC network, enables seamless cross-chain interactions.
The collaboration with Franklin Templeton reflects a broader trend of increasing interest from global investment firms in Sui. Earlier this year, Grayscale launched the Grayscale SUI Trust, and several stablecoins, including USDC, FDUSD, and AUSD, have become available on the Sui network.
Since the launch of Sui Mainnet in May 2023, the network has witnessed substantial growth in the DeFi sector. Over the past year, it recorded a 675% increase in total value locked (TVL) and a 956% rise in DeFi volume. Sui’s DeFi projects benefit from its massive parallelization, ensuring minimal transaction latency, quick processing times, and consistently low gas fees.
11/20/2024 8:38:18 AM
11/20/2024 8:30:00 AM
11/20/2024 8:24:15 AM
11/20/2024 8:16:53 AM
11/20/2024 8:16:19 AM
Email us at info@blockchain.news
Welcome to your premier source for the latest in AI, cryptocurrency, blockchain, and AI search tools—driving tomorrow’s innovations today.
Disclaimer: Blockchain.news provides content for informational purposes only. In no event shall blockchain.news be responsible for any direct, indirect, incidental, or consequential damages arising from the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making financial decisions.