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Today, Bitcoin (BTC) 
$105,048 price approached nearly $100,000, prompting altcoins to seize the opportunity. Major partnerships, technological upgrades, and more announcements are expected throughout November and December. The significant news today comes from the SUI Coin front.
SUI Coin and Franklin
Franklin, an asset manager with a long-standing interest in cryptocurrencies and managing trillions of dollars, has signed a crucial partnership today with Sui to support Sui ecosystem founders. The trillion-dollar giant has been working on blockchain-based solutions since 2018.
The team at Franklin Templeton aims to innovate within the Sui ecosystem. Capabilities such as a Deepbook, akin to the limited order books of centralized exchanges on DeFi platforms, and seamless cross-chain structures are set to be integrated into the SUI network.
The SUI Coin team stated in their announcement:
“The partnership between Franklin Templeton and Sui follows a trend reflecting the increasing interest of global investment firms. Earlier this year, asset management company Grayscale established the Grayscale SUI Trust, launching several stablecoins, including USDC, FDUSD, and AUSD on Sui.”
“Since the launch of the Sui Mainnet in May 2023, the network has experienced rapid growth in the DeFi sector. Over the past year, it has recorded a 675% increase in total locked value (TVL) and a 956% increase in DeFi volume. Projects on Sui significantly benefit from massive parallelization, minimized transaction latency, rapid processing times, and consistently low transaction fees.”
