The Ika Network in the Sui ecosystem has launched a significant token airdrop aimed at rewarding active DeFi participants and enhancing network transaction capacity.
Launch of Major Token Airdrop
The Ika Network initiated an aggressive token airdrop program on July 17, 2025. This initiative is designed to reward active DeFi participants and increase overall engagement.
Increase in SUI and WAL Activity
Official sources indicate that the airdrop aligns with Ika's strategy for deeper engagement with users. With Ika receiving over $21 million in funding from the Sui Foundation, this initiative demonstrates the network's commitment to leveraging secure Multi-Party Computation (MPC). To participate, users need to hold at least 5 SUI, positively impacting on-chain activity and total value locked (TVL).
Price Movements and Regulatory Scrutiny
According to CoinMarketCap, Sui (SUI) is currently trading at $3.91, with a market cap of $13.52 billion and a daily trading volume of $1.80 billion. Recent price movements reflect a 25.06% increase over the past week and an 84.74% rise during the last 90 days. The Coincu research team notes potential for increased regulatory scrutiny in light of heightened DeFi activity.
The Ika Network's airdrop initiative in the Sui ecosystem represents a crucial step toward improving user engagement and increasing DeFi activity, which may have significant implications for the platform's future development.
