Sui and 21Shares have entered right into a strategic partnership the place the exchange-traded fund issuer will assist develop SUI adoption globally. The partnership was introduced on Wednesday, Could 14. In line with the Sui crew, Switzerland-based 21Shares is utilizing Sui to enter the US market.
Institutional adoption of Sui amid the brand new pattern in the direction of decentralized finance and real-world property may additional enhance the SUI token. 21Shares is trying to enter the US market, which has turn out to be barely extra enticing amid the pro-crypto stance of the US President Donald Trump administration.
The Sui layer-1 blockchain gives sub-second transaction execution and has seen vital development as builders leverage its community pace and scalability. In line with DeFiLlama, Sui’s TVL is roughly $2.06 billion on the time of writing, rating it because the eighth-largest by TVL. The L1 blockchain’s TVL has elevated by nearly 70% within the final month.
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