Sui partners with Franklin Templeton to boost Blockchain ecosystem

Sui has announced a strategic partnership with Franklin Templeton Digital Assets, aiming to support Sui ecosystem creators and develop new technologies through the Sui blockchain protocol. This collaboration represents an important step in Sui's efforts to expand its presence in the blockchain industry, according to him Sui Foundation.

Franklin Templeton's endeavors in the field of Blockchain

Since 2018, Franklin Templeton Digital Assets has been at the forefront of blockchain-based technology solutions, including running contract validators and developing diversified investment strategies. Their dedicated digital asset research team uses fundamental token analysis and insights from the built-in data science team to shape product development and investment decisions.

Notable 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 similar to the central limit order book used by exchanges to facilitate trading, and Carrier One, a decentralized mobile communications company. 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, became available on the Sui Network.

Sui's rapid growth in DeFi

Since the launch of Sui Mainnet in May 2023, the network has seen significant growth in the DeFi sector. Over the past year, it has recorded a 675% increase in total value locked (TVL) and a 956% increase in DeFi volume. Sui's DeFi projects benefit from its massive blockchain, ensuring minimal transaction latency, fast processing times, and consistently low gas fees.

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