The Layer-1 Blockchain Sui (Sui) defends the wider crypto market after a new deal with a decentralized finance (Defi) protocol connected to US President Donald Trump.
The rival of Solana (SOL) witnesses price profits in the midst of a new collaboration with World Liberty Financial (WLFI).
Says World Liberty Financial co-founder Zak Folkman in a statement,
“We have chosen Sui for his innovation in America combined with impressive scale and adoption. It is a natural addition to our mission to bring decentralized finances to more Americans. Given our plans to support fundamental Defi assets in the coming months, cooperation with Sui was an obvious decision. ”
The website of World Liberty Financial states that Trump is not an officer, director, founder or employee of the company or one of her affiliated companies, but the president mentions his most important crypto lawyer. The website also notes that DT Defi LLC, a company that is affiliated with Trump and some of his family members, owns 22.5 billion WLFI -Tokens and has the right to receive the costs of the project.
Sui is currently trading for $ 2.76, an increase of 5.18% in the last 24 hours. Leading Altcoins float in the red zone. The smart contract platform Ethereum (ETH) drops by 0.58%, while Solana and Cardano (ADA) fell by 1%and 7.41%respectively.
Generated image: midjourney
