Ika (IKA) Comprehensive Analysis Report

Ika's Position and Significance

Ika (IKA) is positioned as the fastest parallel MPC (Multi-Party Computation) network, coordinated on Sui. It addresses the need for enhanced privacy, security, and computational efficiency in blockchain applications through innovative parallel processing capabilities.

As of December 2025, Ika has established itself within the Sui ecosystem with a market capitalization of approximately $79.23 million USD and a circulating supply of 3 billion tokens out of a total supply of 10 billion. The project has attracted 26,361 token holders and is listed on 13 cryptocurrency exchanges, including Gate.com, demonstrating growing market adoption.

This report provides an in-depth analysis of Ika's technical architecture, market performance, tokenomics, and investment potential.

Origin and Development Journey

Background and Inception

Ika was launched as a specialized layer within the Sui blockchain ecosystem, designed to provide rapid parallel MPC network capabilities. The project emerged to address computational bottlenecks and privacy challenges in blockchain applications by leveraging Sui's high-performance infrastructure.

The protocol represents an evolution in privacy-preserving computation technology, enabling secure multi-party computation at unprecedented speeds through parallel processing architecture.

Key Milestones

• December 2025: Active trading phase with 24-hour volume of 451,734.08 IKA tokens, demonstrating ongoing market engagement.
• Network Launch: Integration with Sui protocol established the foundation for parallel MPC operations.
• Ecosystem Expansion: Achieved listing on 13 major exchanges, significantly enhancing liquidity and accessibility.
• Community Growth: Built a holder base of 26,361 participants, indicating sustained interest in the project.

How Ika Operates?

Decentralized Network Architecture

Ika operates on Sui's decentralized network infrastructure, eliminating dependence on central authorities. The network comprises distributed nodes that collaboratively execute computations and validate transactions, ensuring transparency, resilience, and user autonomy.

Blockchain Foundation

Ika leverages Sui's underlying blockchain infrastructure—a transparent, immutable digital ledger recording all transactions and computations. Transactions are organized into blocks and secured through cryptographic hashing, creating an unbreakable chain of records verifiable by all network participants without intermediaries.

Parallel MPC Protocol

Ika's distinguishing feature is its parallel processing capability within multi-party computation frameworks. This architecture enables:

• Simultaneous Transaction Processing: Multiple computations execute in parallel rather than sequentially, dramatically increasing throughput.
• Privacy Enhancement: MPC protocols allow participants to perform computations on encrypted data without revealing individual inputs.
• Security Assurance: Cryptographic proofs ensure computation integrity while maintaining data confidentiality.

Consensus and Validation

Ika operates within Sui's consensus mechanism, which utilizes Byzantine Fault Tolerant (BFT) protocols. Network validators maintain consensus by processing parallel computations, preventing fraudulent transactions and double-spending attacks. Validators receive token incentives for maintaining network security and operational integrity.

Cryptographic Security

Ika employs advanced cryptographic techniques including:

• Public-Private Key Infrastructure: Users maintain private keys (equivalent to passwords) for transaction authorization and public keys (similar to account addresses) for receiver identification.
• Zero-Knowledge Proofs: Enable verification of computations without revealing underlying data, enhancing privacy.
• Multi-Party Computation: Allows distributed parties to jointly compute functions on private inputs while maintaining confidentiality.

These mechanisms ensure transaction security, data privacy, and resistant to unauthorized access or tampering.

Market Performance and Tokenomics

Price Dynamics and Market Metrics

Current Status (December 20, 2025):

• Current Price: $0.007923 USD
• 24-Hour Change: +5.75% ($0.000431 gain)
• Market Capitalization: $23.77 million USD
• Fully Diluted Valuation (FDV): $79.23 million USD
• 24-Hour Trading Volume: 451,734.08 IKA
• Market Dominance: 0.0024%

Price Performance Across Timeframes:

Historical Price Range:

• All-Time High: $0.42991 (September 8, 2025)
• All-Time Low: $0.00481 (December 9, 2025)
• 24-Hour High: $0.008861
• 24-Hour Low: $0.007346

Token Distribution

Risk Assessment and Market Outlook

Market Risks

• Extreme Volatility: The token has experienced a 71.07% annual decline, with significant intra-day fluctuations, indicating high volatility unsuitable for risk-averse investors.
• Market Concentration: Low market dominance (0.0024%) reflects limited market penetration and liquidity depth.
• Liquidity Constraints: 24-hour trading volume of 451,734 tokens represents a small fraction of total supply, potentially creating slippage during substantial trades.

Opportunities

• Sui Ecosystem Integration: Growing adoption within the Sui network ecosystem provides long-term technological advantages.
• Privacy Technology Demand: Increasing institutional focus on privacy-preserving computation creates expansion potential.
• Early-Stage Development: As a specialized layer protocol, Ika remains in early maturation phases with significant scaling potential.

Key Resources

• Official Website: https://ika.xyz/
• Whitepaper: https://cdn.prod.website-files.com/67161f6a7534fbf38021d68f/673dcee85cc0e67655ccf31e_Ika%20Whitepaper.pdf
• Sui Explorer: https://explorer.sui.io/address/0x7262fb2f7a3a14c888c438a3cd9b912469a58cf60f367352c46584262e8299aa::ika::IKA
• Twitter/X: https://x.com/ikadotxyz
• Trading: Available on Gate.com and 12 other exchanges

Conclusion

Ika represents an innovative approach to parallel multi-party computation within the Sui ecosystem, offering advanced privacy and performance capabilities. While the project demonstrates strong technological foundations and integration with a leading Layer 1 blockchain, significant market volatility and moderate liquidity present both opportunities and risks for investors. Prospective participants should conduct thorough due diligence and risk assessment before investment decisions.

Ika (IKA) Market Performance Report

Market Performance Overview

Circulating Supply Overview

As of December 20, 2025, IKA has a circulating supply of 3,000,000,000 tokens, with a total supply of 10,000,000,000 tokens and a maximum supply capped at 10,000,000,000 tokens. This represents a circulating ratio of 30%, indicating that 70% of tokens remain to be released into the market over time, following an inflationary model.

Price Volatility

IKA reached its all-time high price of $0.42991 on September 8, 2025, driven by market momentum and increased adoption of the Sui ecosystem. Conversely, the token's all-time low price of $0.00481 was recorded on December 9, 2025, reflecting market correction pressures and broader cryptocurrency market sentiment.

As of December 20, 2025, IKA is trading at $0.007923, representing a 5.75% gain over the past 24 hours. However, the token has experienced significant downward pressure over longer timeframes, declining 3.28% over 7 days, 27.35% over 30 days, and 71.074% over the past year, reflecting the challenging market conditions and investor sentiment shifts.

View current IKA market price

Price Trends Summary

Market Capitalization & Dominance

• Current Market Cap: $23,769,000
• Fully Diluted Valuation (FDV): $79,230,000
• Market Cap to FDV Ratio: 30%
• Market Dominance: 0.0024%
• 24-Hour Trading Volume: $451,734.08
• Number of Holders: 26,361
• Listed Exchanges: 13

IKA's market capitalization reflects its position as a mid-tier cryptocurrency project ranked #795 by market cap. The significant gap between current market cap and fully diluted valuation suggests substantial potential dilution as additional tokens enter circulation.

Project Foundation

Ika is the fastest parallel MPC (Multi-Party Computation) network coordinated on Sui, leveraging the Sui blockchain's architecture to provide enhanced computational capabilities. The project operates on the Sui chain and utilizes the Sui algorithm for its consensus mechanism.

Official Resources:

• Website: https://ika.xyz/
• Whitepaper: Ika Whitepaper
• Twitter: https://x.com/ikadotxyz
• Sui Explorer: https://explorer.sui.io/address/0x7262fb2f7a3a14c888c438a3cd9b912469a58cf60f367352c46584262e8299aa::ika::IKA

Ika (IKA) Research Report

Overview

Ika is the fastest parallel MPC (Multi-Party Computation) network coordinated on Sui. As of December 20, 2025, IKA is ranked #795 in the cryptocurrency market by market capitalization.

Key Market Data

Price Performance Analysis

Ika has experienced significant volatility over various timeframes:

• 1 Hour: -0.67%
• 24 Hours: +5.75%
• 7 Days: -3.28%
• 30 Days: -27.35%
• 1 Year: -71.074%

The token's performance reflects broader market dynamics and the project's development stage as an emerging MPC solution on the Sui blockchain.

Technical Foundation

Ika operates as a parallel MPC network built on the Sui blockchain ecosystem. The project leverages Sui's high-performance architecture to enable fast and secure multi-party computation capabilities.

Smart Contract Address (Sui Network):

0x7262fb2f7a3a14c888c438a3cd9b912469a58cf60f367352c46584262e8299aa::ika::IKA

The token is actively traded across 13 different exchanges, providing reasonable liquidity for market participants.

Ika More Information Sources

• Official Website: Visit Ika Official Site for detailed information about the project's technology, features, and latest developments.

• Whitepaper: The Ika Whitepaper provides comprehensive technical documentation regarding the project's architecture, objectives, and vision for parallel MPC computation on Sui.

• Blockchain Explorer: Track transactions and verify smart contract details on the Sui Explorer.

• Social Media: Follow Ika's official X account @ikadotxyz for real-time project updates, announcements, and community engagement.

Market Considerations

Strengths

• Built on the high-performance Sui blockchain
• Focus on parallel MPC technology offering computational efficiency
• Multi-exchange availability enabling broader market access
• Established community with 26,361 active holders

Challenges

• Significant price depreciation of -71.074% over the past year
• Recent market downturn with -27.35% decline over 30 days
• Relatively modest market capitalization and trading volume compared to established cryptocurrencies
• Early-stage project status with limited mainstream adoption

How to Get Ika?

1. Purchase Channels: Buy IKA on Gate.com and other supported exchanges listed on CoinGecko or CoinMarketCap.

2. Storage: Store your IKA tokens securely in a Web3-compatible wallet that supports Sui network assets.

3. Market Information: Monitor real-time price movements and market metrics through Gate.com's trading interface.

Summary

Ika represents an emerging project in the MPC (Multi-Party Computation) space, leveraging the Sui blockchain's high-performance infrastructure. As a relatively new entrant in the cryptocurrency market, IKA offers potential for users interested in parallel computation technologies and Sui ecosystem participation.

However, potential investors should carefully consider the project's stage of development, market volatility, and the competitive landscape of blockchain-based MPC solutions. Conducting thorough research through the official whitepaper and community channels is recommended before making any investment decisions.

As of December 20, 2025, Ika continues to develop its ecosystem and technology offerings, with its future trajectory dependent on mainstream adoption and successful execution of its technical roadmap.

FAQ

What is ika in Japanese food?

Ika is the Japanese term for squid and cuttlefish, commonly used in sushi and sashimi. Popular varieties include aori, sumi, and hotaru ika, prized for their delicate flavor and tender texture in Japanese cuisine.

What does IKA mean?

IKA is a cryptocurrency token designed for the Web3 ecosystem. It serves as a utility token enabling users to participate in decentralized protocols, governance, and ecosystem activities. IKA represents innovation and value creation within blockchain-based applications and communities.

What is the meaning of Ika Nga?

Ika nga is an Albanian expression meaning to leave quickly or depart swiftly. It describes both literal and figurative acts of moving away from a place or situation rapidly.

What does IKA taste like?

IKA is a cryptocurrency token, not a food item. It does not have a taste. IKA operates as a digital asset within the blockchain ecosystem, providing utility and value through its protocol functionality.