Ika
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About Ika
Analysis of 13 Mar 2026Ika (IKA) is a parallel MPC network built on Sui that enables cross-chain interoperability through 2PC-MPC cryptography, priced at $0.0032 with a $9.5M market cap as of March 13, 2026. Formerly known as dWallet Network, Ika launched its mainnet on July 29, 2025, and introduced the dWallet primitive, allowing Sui smart contracts to generate valid signatures for addresses on Bitcoin, Ethereum, Solana, and other blockchains.
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The protocol achieves sub-second signature finality with 10,000+ TPS capacity, powered by Sui Mysticeti consensus. The team at dWallet Labs published two academic papers on 2PC-MPC cryptography, creating a zero-trust architecture where neither users alone nor the network alone can forge signatures.
IKA has a total supply of 10 billion tokens with 3 billion (30%) currently circulating. The project raised $21M+ from Digital Currency Group, Node Capital, and the Sui Foundation.
Listed on KuCoin, Gate.io, Bitget, LBank, and MEXC, IKA has declined 99% from its September 2025 ATH of $0.40. The December 2025 EdDSA upgrade expanded chain support to Solana, Cardano, Stellar, and Zcash alongside existing ECDSA chains.