In This Article
- Sui Network Getting A Huge Upgrade With The Launch Of IKA Crypto
- Ika Co-Founder Speaks On The Launch Of Mainnet, Calls It "A Paradigm Shift"
- SUI Up 30% On The Month, While IKA Crypto Is Up Over 20% On Launch Day
- BONUS: Bitcoin Hyper (HYPER) Nears $6 Million In Funding As Bitcoin Layer-2 Technology Gains Momentum
- Why Bitcoin Hyper?
IKA crypto has surged by +20% after yesterday’s (July 29) launch of its mainnet and native token. In 24 hours, the IKA token has risen from $0.024 to $0.029, peaking at $0.036.
This launch is a massive boon for the SUI network due to its cross-chain offerings, expanding the reach of Sui throughout crypto, enabling seamless interaction with assets across other blockchains.
🦑 All your chains are belong to Sui: Ika Mainnet is officially LIVE.
We're here to unveil the dWallet primitive and let Sui smart contracts natively control every chain – empowering you to coordinate native assets, tentacle by tentacle.
Ready to get weird?… pic.twitter.com/LaVQgCxILk
— Ika「🦑」 (@ikadotxyz) July 29, 2025
Sui Network Getting A Huge Upgrade With The Launch Of IKA Crypto
Ika, a pioneering provider of blockchain infrastructure, has officially launched its mainnet, marking a significant milestone in blockchain interoperability.
This launch introduces the first-ever zero-trust multiparty computation (MPC) network, which enables native cross-chain asset control directly from smart contracts on the Sui blockchain.
Ika’s protocol allows Sui-based smart contracts to securely and seamlessly manage native assets across multiple blockchains, including Bitcoin, Ethereum, and both modern Layer 1 (L1) and Layer 2 (L2) solutions, without relying on bridges, token wrapping, or trusted third parties.
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This breakthrough eliminates common risks associated with cross-chain solutions, such as vulnerabilities found in bridging protocols or wrapped tokens, fundamentally transforming blockchain interoperability.
At the core of Ika’s innovation is the introduction of dWallets, which serve as a decentralized, programmable, and transferable signing mechanism. dWallets allow both users and the Ika network to sign transactions while enforcing logic governed by smart contracts collaboratively. This empowers developers and institutions to build and operate securely across various blockchains with native asset control.
Ika Co-Founder Speaks On The Launch Of Mainnet, Calls It “A Paradigm Shift”
“Today marks the start of a new era in blockchain interoperability,” said Ika Co-Founder Omer Sadika. “Our mainnet launch is not just a technological milestone, but a paradigm shift, bringing native Zero-Trust interoperability to Sui, and unlocking unprecedented possibilities for developers, institutions, and individual users alike.”
The core technology behind Ika is its innovative 2PC-MPC cryptography protocol, which was previously believed to be impractical for decentralized environments due to issues with latency, scalability, and security.
Ika has successfully addressed these challenges, achieving sub-second latency and linear scalability without sacrificing decentralization. This allows the network to be supported by hundreds of operators around the world.
Each operation within the network includes cryptographic safeguards that require explicit user participation, aligning with a zero-trust security framework.
The native token of the network, IKA, plays a crucial role in securing the infrastructure through a decentralized, permissionless proof-of-stake consensus mechanism. IKA tokens are essential for transaction fees, preventing spam, rewarding reliable operators, and facilitating network governance.
Several leading blockchain projects on Sui are already utilizing Ika’s mainnet, demonstrating the protocol’s versatility and robustness. This list includes: Native, Human Tech, Rhei Finance, Aeon, Legacy Link, among many others.
Almost 8 hours post $ika @ikadotxyz launch and LP's are in full swing.
Looking ecosystem wide, it seems @FullSailFi is outperforming by a wide margin.
This is great proof to show that their new DEX is working optimally!
Shoutout to my bro @GrootKkw and the FullSail team! pic.twitter.com/e4UK07xKOC
— 00Smurf (@00Smurf) July 29, 2025
SUI Up 30% On The Month, While IKA Crypto Is Up Over 20% On Launch Day
The SUI blockchain has been climbing the ranks relatively under the radar, having recently climbed to 9th in the list of top blockchains by Total-Value Locked (TVL). Within the last six weeks, SUI hit $2 billion in TVL and is already sitting at $2.1 billion.
Its increase in TVL has seen Sui overtake both Polygon and Avalanche in recent months, with Avalanche slipping below $2 billion TVL while Sui continues to go from strength to strength.
Now, Sui is just $30 million in TVL away from overtaking Hyperliquid in 8th place, which seems likely to happen due to the fast-growing DeFi ecosystem on the Sui network.
As for the SUI token, it is up around 34% in the last month, highlighting the growing demand and positive sentiment surrounding SUI and its ecosystem.
SUI is currently trading for $3.8, just 28% away from its all-time high of $5.35 that was reached in January 2025. It is now facing resistance at $4, and if this level can be breached, a run toward that January all-time high looks increasingly likely.
Although it only launched yesterday, IKA crypto has enjoyed a positive first 24 hours, spiking around 20% and currently trading for $0.028. It has a market cap of $86 million, making it the 561st largest cryptocurrency by market cap. IKA launched on several tier-2 centralized exchanges, with KuCoin, MEXC, and Gate.io being the most prominent.
BONUS: Bitcoin Hyper (HYPER) Nears $6 Million In Funding As Bitcoin Layer-2 Technology Gains Momentum
Bitcoin Hyper (HYPER) is quickly becoming one of the most talked-about crypto projects this year, owing to its innovative Bitcoin Layer-2 technology that utilizes the Solana Virtual Machine to bring low fees and lightning-fast transactions to the Bitcoin network.
The HYPER team is also building a bridge to enable secure BTC transfers between its core layer and the Bitcoin Hyper L2, while also making SPL-compatible tokens available for trading on Bitcoin Hyper, all while being anchored to the Bitcoin core layer for final settlement.
Why Bitcoin Hyper?
The HYPER team aims to deliver a complete end-to-end ecosystem of products to the Bitcoin mainnet, encompassing DeFi, GameFi, NFTs, and other sectors, as part of its ongoing development.
Bitcoin Hyper effectively utilizes the Solana Virtual Machine (SVM) for its Layer 2 protocol. By integrating its Layer 2 infrastructure with Bitcoin, HYPER will benefit from the low fees and high speeds associated with the Solana network.
Its Layer 2 infrastructure is being built with innovative roll-up technology. The team recently announced full integration with the SVM as the execution layer for HYPER. Rollups allow Bitcoin Hyper to batch together transactions from Bitcoin’s core layer, take them ‘off-chain’ to process via the Bitcoin Hyper protocol, before sending them back to the core layer for final settlement.
This, combined with the use of roll-ups, will enable fast transactions, low fees, and real-time execution, all while preserving the integrity of Bitcoin’s established core base layer.
Bitcoin Hyper’s presale offers investors a chance to stake their bag, with 177% APY on offer for those wishing to compound their HYPER while waiting for the ICO to conclude.
There are fewer than 11 hours before the HYPER presale moves onto its next price stage, meaning once the timer has run out, the current price of $0.01245 will be gone for good.
For the latest updates on all things HYPER, join the community on Telegram and X.
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