Layer 1 blockchain Sui unveiled a collaboration with World Liberty Financial, a Donald J. Trump-inspired decentralized finance (DeFi) protocol, which is said to be rooted in their shared vision for a “more open and transparent” financial ecosystem.
As WLFI and Sui begin to explore product development opportunities, WLFI plans to include Sui assets in “Macro Strategy,” its strategic token reserve designed to bolster leading projects.
Zak Folkman, co-founder of World Liberty Financial said:
“We chose Sui for its American-born innovation combined with impressive scale and adoption. It is a natural complement to our mission of bringing decentralized finance to more Americans. Given our plans to support foundational DeFi assets in the coming months, collaborating with Sui was an obvious decision.”
Evan Cheng, Co-Founder and CEO of Mysten Labs, the original contributor to Sui.
“We are thrilled the World Liberty Financial team has agreed to explore collaborations with Sui. We believe that the combination of Sui’s technology and WLFI’s ambitions could help redefine how the world stores and uses assets. We share a vision of a future where the people take back control of their finances, creations, and online agency, and our work together will make that vision a reality faster.”
Sui, which claims it has entered into mainstream conversation over the last year thanks to its DeFi and developer ecosystems, continues to “stack achievements,” reportedly becoming one of the fastest-growing L1 blockchains in industry history. But this is debatable, considering that there are arguably better projects in the market such as Avalanche, Cardano, and Tron.
In the last few months, Sui claims that it has attracted a flurry of institutional builders and products, recently “surpassed $70B in decentralized exchange (DEX) volume, and amassed over 67 million accounts.”
However, altcoins in general, and emerging blockchain projects like Sui are not performing well in terms of price at present. After surging past the $109,000 mark, Bitcoin (BTC) has retreated despite decisively strong positive momentum with the Trump Administration.
Moreover, other blockchain projects such as Ethereum, Solana, Cardano, XRP have all experienced major price corrections. In addition, smaller initiatives such as Sui are finding it more challenging to navigate the unpredictable crypto and broader financial markets.