Layer-1 Blockchain Integrated with Exchange and Wallet Handling $60 Billion in Volume

As the last days of the year approach, collaborations in the cryptocurrency and Web3 ecosystem have also accelerated. Sui, one of the fastest growing Layer-1 blockchain networks of 2024 with its performance and scalability, has been integrated with the cryptocurrency exchange Backpack Exchange, which serves users from more than 150 countries and reached a transaction volume of 60 billion dollars in a year, and the exchange’s wallet, Backpack Wallet.

Create listing opportunities

In the statement shared by the Sui Foundation, the developer of Sui, which offers unique speed and scalability, it was stated that Sui’s partnership with Backpack, which stands out with its user experience and versatility, will create many integration and listing opportunities for projects on the Layer-1 blockchain Sui. Backpack wallet, which supports Solana and Ethereum networks to date and is used with iOS and Android mobile applications as well as Chrome plug-in, will also begin to offer Sui support for secure storage and seamless crypto asset trading transactions with Sui network integration.

“Multi-chain is an important step for the future”

Sharing his evaluations about the collaboration, Sui Foundation Global Ecosystem President Jameel Khalfan said, “Sui integrates with the user experiences of Backpack’s regulated exchange and non-custodial wallet. We look forward to expanding the user experience on Sui and bringing all the popular features of the platform to the Sui community. The integration of Sui and Backpack will provide a platform that allows Sui ecosystem participants to interact through Backpack’s trusted infrastructure. With its Sui integration, Backpack is making moves to both increase the number of users and expand the impact of the platforms it creates; “It also takes an important step for the multi-chain future of the Backpack wallet,” he said.

Backpack CEO and Founder Armani Ferrante said, “Integrating Sui gives our users access to Sui’s rapidly growing ecosystem. “In addition, Sui developers, projects developed on Sui and Sui investors also gain new opportunities with this integration.”

Wraps up 2024 with a series of integrations and collaborations

Backpack integration is the newest of the collaborations and integrations recently announced by Layer-1 blockchain Sui, which is approaching the threshold of $1.8 billion in total locked assets.

Sui, a Layer-1 blockchain and smart contract platform developed with the Move programming language and promising high scalability, recently announced that it is integrated with the Web3 wallet Phantom Wallet, which is actively used by more than 7 million users every month. In addition, the platform first added the world’s second largest dollar-backed stablecoin, USDC, and then, in cooperation with First Digital, the FDUSD stablecoin, which is widely used in Asia, locally added to its network.

Sui, who announced a collaboration with MemeFi, one of the Telegram-based tap-to-win games, also hosted the MLS QUEST NFT campaign organized by Major League Soccer (MLS) in partnership with Sweet.