IKA price jumps 50% after mainnet launch enables cross-chain asset control

Generated by AI AgentCoin World
Thursday, Jul 31, 2025 11:18 am ET1min read
Aime RobotAime Summary

- IKA, a Sui-based altcoin, surged 50% after its July 29 mainnet launch, enabling cross-chain asset control via zero-trust MPC technology.

- The protocol uses dWallet and distributed key management to eliminate centralized bridges, enhancing security and interoperability across major blockchains.

- By leveraging Sui’s high-throughput architecture, IKA aims to expand smart contract utility while aligning with industry trends toward trust-minimized blockchain interactions.

- Despite a 30.4% 24-hour gain, recent 7.71% hourly volatility highlights early market uncertainty, with analysts cautioning against overinterpreting short-term price movements.

IKA, a Sui-based altcoin, saw a 50% surge in its price following the successful launch of its mainnet on July 29, 2025. The token, which hit $0.0396716 as of July 31, is part of a zero-trust multi-party computation (MPC) network that enables Sui smart contracts to natively control assets on other blockchains, including Bitcoin, Ethereum, and Solana. This eliminates the need for centralized bridges or wrapped tokens, addressing critical risks associated with existing cross-chain solutions [1][2].

The IKA protocol’s core innovation lies in its dWallet and MPC technology, which allow users to control assets across chains through Sui. By distributing cryptographic keys across multiple signer nodes—supporting up to 10,000 signatures per second—the protocol ensures no single entity holds full control of a wallet, thereby enhancing security and decentralization [2].

The project leverages Sui’s high-throughput architecture, enabling seamless and secure cross-chain transactions. This advancement is expected to expand the utility of Sui-based smart contracts by allowing them to interact with other major blockchains without compromising asset integrity [4]. The mainnet launch was announced on the project’s social media, with the team emphasizing the potential for Sui to "control every chain" through native asset coordination [2].

While the token experienced a 30.4% gain in the previous 24 hours, it saw a 7.71% drop in the past hour, indicating early volatility. Analysts have not provided specific forecasts for IKA’s future price movement, and the observed fluctuations should be interpreted with caution [3].

The broader context of cross-chain innovation includes efforts to replace centralized solutions with decentralized alternatives, using technologies like zero-knowledge proofs and self-custodial models. IKA’s approach is seen as a step forward in improving interoperability and user experience, aligning with industry trends toward more secure and trust-minimized blockchain interactions [2].

Source:

[1] https://crypto.news/sui-based-ika-crypto-altcoin-up-50-after-mainnet-launch/

[2] https://coinjournal.net/news/ika-launches-mainnet-to-enable-native-cross-chain-asset-control-on-sui-blockchain/

[3] https://crypto.news/price/ika/

[4] https://www.okx.com/en-us/learn/ika-zero-trust-mpc-cross-chain

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