Sui Foundation onboards Blockaid to enhance ecosystem security
Sui’s programming language, Move, is said to reduce many vulnerabilities seen in other blockchain networks, but protocol-level attacks are still a possibility.
Blockaid has announced a partnership with the Sui Foundation to enhance the Sui ecosystem’s security.
According to the announcement, Blockaid will add protection to Sui wallets and respond to smart contract exploits, offchain threats and operational faults on Sui.
The Sui Foundation supports the growth of Sui, a layer-1 blockchain launched in May 2023 with the goal of creating a decentralized network that can manage a high volume of transactions with minimal delay. According to a blog post, the total number of accounts on the blockchain reached 67.3 million in 2024. As of March 11, Sui had $1.1 billion in total value locked, down from $2 billion on Jan. 6, according to DefiLlama.
Blockaid, which in February announced a $50 million Series B funding, offers security tools in the Web3 space to clients like Stellar, Avalanche and Coinbase. In November 2024, Blockaid partnered with Backpack to prevent $26.6 million in potential losses from decentralized finance attacks on Solana.
