What is Ika? The groundbreaking MPC technology of the Sui system project.

The Sui ecosystem rapidly expands in 2025, with numerous applications pushing the boundaries of on-chain performance and user experience. Among these emerging projects, Ika (IKA) stands out for its pioneering use of Multi-Party Computation (MPC) technology—introducing a new layer of privacy and security for decentralized applications. So, what exactly is IKA, and why is it considered a breakthrough in the Sui ecosystem?

As a content creator for Gate, I will take you through all the information about the IKA project, including its use of MPC, real-world applications, token economics, and how users can participate through platforms like Gate Launchpad.

Understanding the Ika Project: Next Generation Security

At its core, IKA is a privacy-centric infrastructure project built on the Sui blockchain, aimed at enabling secure, private, and scalable interactions in Web3. It employs advanced multi-party computation (MPC) encryption algorithms, allowing multiple parties to collaboratively compute data without revealing their private inputs.

In simple terms: IKA enables decentralized applications (dApps) to perform secure computations—such as identity verification, private asset transfers, and authentication—without sacrificing user privacy or requiring trust in centralized third parties.

This is especially important as blockchain technology is entering more sensitive areas such as decentralized identity, private DeFi, and secure cross-chain bridges.

Multi-Party Computation Technology: Why Is It Important

Multi-Party Computation (MPC) is not a new concept in cryptography, but IKA is one of the first projects to natively implement MPC in the Sui ecosystem.

This is why it is a game changer:

No single point of failure: even if one participant is threatened, the computation remains secure. Complete confidentiality: Private data will never be disclosed or stored on the chain. Decentralized by design: trust is distributed across the nodes in the network. Composability: IKA's multi-party secure computing service can be embedded into any decentralized application on Sui or compatible chains.

This provides developers with building blocks for privacy-first decentralized applications, which are increasingly demanded by users and regulators.

Use Cases: What can IKA be used for?

Thanks to its multi-party secure computation core, the IKA Protocol can be applied to various fields of the Web3 economy:

Private DeFi Trading: Users can interact with the protocol without exposing their wallet balances or strategies. Secure DAO Voting: No need to disclose identity or preferences when voting. Web3 Authentication: Create login systems for dApps that do not require Web2 credentials. Cross-chain custody: achieve secure asset bridging without a central relay.

This versatility makes IKA not just another privacy token—it is a modular security layer for the entire Sui ecosystem.

IKA's Token Economics: Utility and Incentives

The IKA token plays a central role in powering the network and incentivizing participation.

Purpose: Used to pay for multi-party secure computation fees within the integrated dApp. Staking: Node operators and validators stake IKA to participate in computations. Governance: Token holders can vote on key parameters such as computing costs, development roadmaps, and protocol upgrades. Ecosystem rewards: Users who contribute computing power or data input can receive IKA incentives.

As of July 2025, the trading price of IKA is approximately $0.000046, with a circulating supply of around 1 billion tokens.

Supported by the Sui ecosystem and launched on Gate

A significant milestone for IKA is receiving early support from the Sui Foundation, which has helped the project incubate through ecosystem grants and infrastructure support.

The token was subsequently launched on the Gate Launchpad and received enthusiastic attention from both institutional and retail investors. Gate's dual subscription model (USD1 and GT) made IKA more accessible, resulting in high demand during its subscription phase.

Gate continues to provide services to token holders for IKA/USDT trading, staking pools, and future feature launches.

Why IKA is Attracting the Attention of Developers and Users

The appeal of IKA lies in its technological credibility and practical use cases. As privacy becomes a regulatory and functional requirement in Web3, MPC-based protocols like IKA provide a meaningful way forward.

For developers, IKA offers plug-and-play SDKs and APIs for multi-party secure computation integration. For users, it provides peace of mind when interacting with decentralized applications.

Compared to many short-lived meme coins, IKA is a long-term infrastructure project suitable for a broader narrative of secure, scalable, and private blockchain computing.

Final Thoughts

The rise of IKA in the Sui ecosystem marks a shift towards a more secure and privacy-preserving blockchain infrastructure. Its innovative application of multi-party secure computation technology, robust token economics, and practical use cases make it a prominent project in the Web3 ecosystem by 2025.

For those looking to invest early in foundational privacy technologies—or build upon them, IKA is a name worth paying attention to. By registering on platforms like Gate.com, users worldwide can participate in this breakthrough from day one.