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As of early 2025, more than ten Sui ecosystem projects have announced their intention to integrate the IKA protocol, with application scenarios primarily focusing on the following cutting-edge areas:
DeFi Interoperability: Allows DEX (Decentralized Exchange) on Sui to directly introduce liquidity for native assets like BTC, ETH, etc. Collaborative projects include Full Sail, Rhei, Human Tech, etc. Users will be able to directly stake and borrow with native BTC on Sui without the need for wrapping.
Institutional-grade custody: Providing institutional investors with a multi-signature asset management solution based on MPC technology. Private key shards are stored in global nodes, effectively balancing the security of self-custody with the compliance needs of institutions. Collaborative projects include Aeon, Human Tech.
Chain abstraction experience: Combining features like Sui's zkLogin to create a "seamless cross-chain" wallet. Users can directly operate their NFTs on the Solana chain or their DeFi positions on the Ethereum chain through a single interface on Sui, significantly simplifying the complexity of multi-chain operations. Collaborative projects include Covault and Lucky Kat.
Bitcoin Financialization (BitcoinFi): This is one of the most imaginative application directions of IKA. Through IKA, developers can build complex financial products for native Bitcoin on Sui, such as BTC options markets, achieving programmable yield strategies for native Bitcoin for the first time. Collaborative projects include Native, Nativerse.
AI Agent Constraints: As AI is increasingly applied in automated trading and investing, asset security has become a new issue. IKA can set up trading "firewalls" for AI agents, ensuring that the automated decisions of AI cannot overstep their authority to transfer user assets through pre-set smart contract rules, providing security for the combination of "AI + DeFi". Cooperative projects include Atoma, Ekko.