Dubai, UAE, February 26, 2024, Chainwire
The Layer-1 received top honors at the Eurasia Awards while experiencing a period of unprecedented growth and recognition
Sui, the layer 1 blockchain that has seen explosive growth since its mainnet launch in 2023, emerged as the winner at the Eurasia Awards held during the second edition of AIBC Eurasia in Dubai. The gala event, known for its world-class attendance and previous winners such as Animoca Brands and Crypto.com, witnessed the Sui Foundation being honored for the leadership position the blockchain has achieved in recent months. Other nominees for the 2024 award included Near Protocol and 1inch Network.
Sui’s recognition comes amid his significant growth and influence in the blockchain space. The Sui ecosystem has gained significant traction in recent months. Tier 1 recently surpassed $600 million in Total Value Locked (TVL) and secured a spot in the top 10 DeFi ecosystems. Similarly, research into token flows through Wormhole – a leading cross-chain protocol that supports Sui – shows that of the nearly $500 million in funds leaving Ethereum through Wormhole in the last 30 days, more than 64% of them moved to Sui . .
The pricing decision was made on February 11, while the ceremony and announcement took place on February 25 at the Festival Arena in Dubai. Sui’s commitment to pushing the boundaries of blockchain technology, as evidenced by its recent partnerships and expansions, has solidified its position as an industry leader.
Greg Siourounis, Managing Director of the Sui Foundation, said: “It is truly an honor for Sui to receive this important recognition from AIBC. Winning the Eurasia Award for Best Blockchain Solution is a testament 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 to leverage the unique benefits of the network and encourage new or existing projects to join the fast-growing Sui ecosystem.”
The AIBC Eurasia Awards consisted of a wide range of categories, each spotlighting exceptional contributions within the blockchain and gaming industries. Other notable categories included ‘Web3 Gaming Leader of the Year’, ‘Crypto/Web3 Media of the Year’ and ‘Best Metaverse Project 2024’.
This distinguished panel that selected Sui as Blockchain of the Year included industry veterans and business leaders such as Olga Yaroshevsky (Ph.D. and AIBC’s Lead Producer), Pavel Matveev (CEO at Wirex) and Giacomo Arcaro (renowned seed investor and Ethereum evangelist ).
Contact
Sui Foundation
media@sui.io