Sui’s MPC Network Ika Launches Major Token Airdrop Initiative

The Secure Multi-Party Computation (MPC) Network Ika in the Sui ecosystem began an aggressive token airdrop initiative on July 17th, 2025.

This development aims to reward active DeFi participants and further the network’s transaction capacity and market engagement.

Sui’s Ika Spurs Activity with Major Airdrop

The Sui ecosystem’s Ika network has launched a notable token airdrop, increasing SUI and WAL staking activities. Official sources highlight this as part of Ika’s strategy to engage users more deeply with its DeFi protocols. With Ika receiving over $21 million in funding from the Sui Foundation, the airdrop underscores the network’s commitment to leveraging secure MPC.

Users require holding at least 5 SUI to qualify, positively driving SUI on-chain activity and total value locked (TVL) metrics. Past airdrop events in Sui have similarly shown brisk engagement and asset activity, encouraging wider ecosystem participation.

Community discussions indicate enthusiastic support, with significant interest noted in holding SUI and staking WAL. However, explicit public commentary from major figures such as the project’s CEO remains unavailable.

“Ika is the first sub-second MPC network, scaling to 10,000 transactions per second on Sui…” – Ika Official Website

Price Surge and Regulatory Scrutiny in Focus

Did you know? Previous airdrops within the Sui ecosystem, like DeepBook and Cetus, resulted in significant asset activity spikes, increasing overall DeFi protocol user engagement.

According to CoinMarketCap, Sui (SUI) is currently trading at $3.91 with a market cap of formatNumber(13518811583, 2) and a $1.80 billion 24-hour trading volume. Recent price movements show a 25.06% increase over 7 days and an 84.74% rise over 90 days.

Coincu research team identifies potential for increased regulatory scrutiny following heightened DeFi activity as seen in earlier instances. Such developments could refine how token distributions are structured, with a continued emphasis on security and transaction efficiency.