Sui Partners with Franklin Templeton to Enhance Blockchain Ecosystem

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.

Franklin Templeton's Blockchain Endeavors

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.

Prominent Projects in the Sui Ecosystem

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.

Growing Interest in Sui

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.

Sui's Rapid Growth in DeFi

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.