Sui Ecosystem’s IKA Token Sees Robust Growth
- IKA Token launched, market cap reaches $86 million.
- Boosts Sui’s DeFi activity post-airdrop.
- Institutional interest in Sui ecosystem increases.
The Sui Ecosystem’s IKA token reached a market cap of $86 million after its mainnet launch on July 29, 2025, driving significant DeFi activity on the network.
IKA’s growth highlights Sui’s DeFi expansion but confirms no $400 million market cap, underscoring demand and institutional interest without meeting overstated financial milestones.
Sui Ecosystem’s MPC Network Token (IKA) has not achieved a $400 million market cap. Verified data indicates a market cap of $86 million following its mainnet launch and airdrop. Significant price appreciation observed.
The IKA Network, spearheaded by the Ika team, focuses on zero-trust multiparty computation for cross-chain asset management on Sui. Official communications from Ika highlight the launch of the dWallet primitive empowering smart contracts.
The IKA token’s launch injected $21 million into the Sui DeFi ecosystem, increasing activity significantly. Market capitalization reached $86 million following the mainnet launch, driven by a price surge from $0.024 to $0.036.
The rise in Total Value Locked (TVL) on Sui, spurred by the airdrop, bolstered the SUI token and related ecosystem tokens like SEND, CETUS, and TURBOS. Institutional treasury holdings also benefited, drawing heightened interest.
Community and technical accounts underline IKA’s technical importance within the Sui ecosystem. Development activity increased around the mainnet launch, with ongoing discussions on GitHub and Discord.
Previously, cross-chain protocol launches have led to increased TVL and ecosystem growth in host chains. IKA’s $86 million cap places it among mid-tier ecosystem token launches, steering substantial investment into the Sui ecosystem.
“The Ika network’s mainnet launch included an airdrop that injected $21 million into the Sui DeFi ecosystem, rapidly boosting on-chain activity and fresh liquidity.” – Source
