21Shares, a leading provider of cryptocurrency exchange-traded products, has announced a strategic partnership with Sui to expand access to the SUI token.
Details of the Partnership
The partnership between Sui and 21Shares was announced on May 14. 21Shares, with a significant presence in the European digital asset market, is looking to enter the U.S. market.
Benefits for Sui
21Shares will leverage Sui's potential to enter the U.S. market. Given the growing interest in decentralized finance, this could facilitate further growth of the SUI token.
Future Prospects and Growth of SUI
As a layer-1 blockchain, Sui showcases high transaction speeds and scalability. According to DeFiLlama, the total value locked in Sui protocols is about $2.06 billion, ranking it as the eighth-largest blockchain by this metric.
The partnership between 21Shares and Sui opens new opportunities for expanding the use of the SUI token and strengthens Sui's position in the market.
