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Ika

Ika (formerly dWallet Network) is a parallel MPC network, offering sub-second latency, scalability to 10,000 tps and hundreds of nodes, and zero-trust security. As the premier choice for interoperability, decentralized custody and chain abstraction, Ika is set to revolutionize digital asset security and multi-chain DeFi. Users can learn more here.

What is Ika?

Ika is a parallel Multi-Party Computation (MPC) network designed to provide sub-second latency, scalability up to 10,000 transactions per second, and zero-trust security. It introduces dWallets, decentralized, programmable, and transferable signing mechanisms that enable secure, decentralized control of assets without centralized intermediaries or reliance on bridging or wrapping.

How Does Ika Work?

Ika employs a 2PC-MPC (Two-Party Computation – Multi-Party Computation) cryptographic scheme. This involves the user and the network each generating a share of the encrypted key, followed by hundreds to thousands of nodes performing the MPC signing process in parallel. This architecture allows for high throughput and low latency while maintaining decentralization and security.

What Makes Ika Unique?

Ika's unique features include: 1. dWallets: Enable native cross-chain asset control directly from Sui smart contracts without bridges or token wrapping. 2. High Performance: Achieves sub-second signature generation and scales to thousands of nodes. 3. Zero-Trust Security: Implements a dual-share signing model, ensuring that a signature cannot be generated without active user involvement, even if parts of the network are compromised.

Who Are the Founders of Ika?

Ika was founded in 2022 in Israel by Omer Sadika (CEO), David Lachmish (Co-Founder & Product), and Yehonatan Cohen Scaly (CTO). The team brings extensive experience in cryptography, blockchain technology, and product development.

Latest News

What Key Events Have There Been for Ika?

Key events include: 1. April 28, 2025: Ika received strategic investment from the Sui Foundation, bringing total funding to over $21 million. 2. July 26, 2025: Ika commenced its token subscription on the Gate Launchpad, offering 200 million IKA tokens for subscription. 3. July 29, 2025: Ika officially launched its mainnet on the Sui blockchain, introducing the first zero-trust, sub-second, parallel MPC network.

Project Announcements

Recent updates include the rebranding from dWallet Network to Ika, the launch of the mainnet on the Sui blockchain, and the introduction of dWallets for native cross-chain asset control.

Upcoming Events

Latest Airdrop

An initial airdrop of 600 million IKA tokens (6% of total supply) is planned for the mainnet launch, targeting early testnet participants, SUI stakers, and community engagement.

Projects Announcements

Where to Buy IKA?

IKA tokens can be traded on exchanges such as Gate.io and BingX, with trading pairs including IKA/USDT.

IKA Price

Daily Trading Volume

$5.55 million, with a 52.66% increase over the past 24 hours.

All-Time High

$0.04445 on July 31, 2025, approximately 22.36% above the current price.

All-Time Low

$0.02714 on July 30, 2025, approximately 27.13% below the current price.

Market Cap and Valuation

Market Cap

$103.52 million, ranking #352 among cryptocurrencies.

Fully Diluted Valuation

$345.07 million, considering the total supply of 10 billion IKA tokens.

IKA Price Prediction

While specific price predictions are speculative, factors influencing IKA's price include increased adoption of Ika’s MPC network, which could boost transactional demand for IKA tokens. However, competition from other interoperability solutions poses risks. Additionally, large token unlocks post-2026 may impact supply dynamics.

FAQ

What is the Purpose of Ika?

How Can I Participate in Ika's Ecosystem?

What Sets Ika Apart from Competitors?

Is Ika Secure?

What are the Risks Associated with Ika?

Community Sentiment

24.85K Votes

50% 50%

Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.

Ika