{"id":6401,"date":"2025-07-31T16:47:08","date_gmt":"2025-07-31T16:47:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sui-based-ika-crypto-altcoin-up-50-after-mainnet-launch\/"},"modified":"2025-07-31T16:47:11","modified_gmt":"2025-07-31T16:47:11","slug":"sui-based-ika-crypto-altcoin-up-50-after-mainnet-launch","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sui-based-ika-crypto-altcoin-up-50-after-mainnet-launch\/","title":{"rendered":"Sui-based IKA crypto altcoin up 50% after mainnet launch"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p>Sui-based interoperability protocol IKA jumped 50% after a successful mainnet launch.<\/p>\n<div id=\"cn-block-summary-block_61d8b809149a84bceefd2aae2e4718b1\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>IKA crypto is up 50% in a day.<\/li>\n<li>The project tackles key issues with cross-chain interoperability.<\/li>\n<li>It enables Sui to sign transactions on any chain.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Sui\u2019s (SUI) community is excited about a new project adding cross-chain utility to the network. On Thursday, July 31, IKA (IKA), the crypto behind the Sui-based zero-trust multi-party computation network, was up 50%. The price increase followed the successful mainnet launch on July 29.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83e\udd91 All your chains are belong to Sui: Ika Mainnet is officially LIVE.<\/p>\n<p>We&#39;re here to unveil the dWallet primitive and let Sui smart contracts natively control every chain &#8211; empowering you to coordinate native assets, tentacle by tentacle.<\/p>\n<p>Ready to get weird?\u2026 <a href=\"https:\/\/t.co\/LaVQgCxILk\">pic.twitter.com\/LaVQgCxILk<\/a><\/p>\n<p>&mdash; Ika\u300c\ud83e\udd91\u300d (@ikadotxyz) <a href=\"https:\/\/twitter.com\/ikadotxyz\/status\/1950134738783453544?ref_src=twsrc%5Etfw\">July 29, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>The protocol enables Sui smart contracts to directly initiate and authorize transactions on other blockchains, such as Bitcoin, Ethereum, and Solana. IKA\u2019s dWallet and MPC technology effectively allow users to control assets on other chains entirely through Sui.<\/p>\n<p>According to the project, IKA\u2019s network can scale up to 10,000 signatures per second. It also supports \u201chundreds\u201d of signer nodes, which collectively hold a cryptographic key. This means no single party ever holds a full key to any wallet, eliminating the need for trusted intermediaries. At the same time, its distributed wallet protocol executes transactions across multiple chains.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">IKA crypto uses Sui to tackle interoperability<\/h2>\n<p>Cross-chain interoperability remains one of the key areas of crypto innovation. However, most popular solutions, including cross-chain bridges and wrapped assets, come with major risks. Cross-chain bridges are notoriously hackable, while wrapped tokens often require trusting an issuer for redemption.<\/p>\n<p>Both solutions use centralized solutions for specific DeFi problems, therefore negating much of DeFi\u2019s inherent advantages. Still, there has been a growing trend of decentralized alternatives for crypto interoperability.<\/p>\n<p>Like IKA, these protocols use zero-knowledge proofs and fully self-custodial solutions to create a decentralized version of a blockchain bridge. This approach is key for both security and enhanced interoperability among blockchain networks. It allows chains to share utility and liquidity, improving the overall user experience.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sui-based interoperability protocol IKA jumped 50% after a successful mainnet launch. Summary IKA crypto is up 50% in a day. The project tackles key issues with cross-chain interoperability. It enables&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6401"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6401\/revisions"}],"predecessor-version":[{"id":6402,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6401\/revisions\/6402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1896"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}