The Zilliqa blockchain network has surpassed $1billion in terms of the total value of its tokens - the second Singapore-based company to do so.
Part of its success has been put down to the proof-of-concept that saw its technology achieving impressive technical results - notably a processing speed more than 200 times higher than Ethereum. The company is also involved in the Inmediate project for blockchain-powered insurance products alongside Deloitte and Asian insurance company FWD.
The company and its investors will hope that these credentials help to ensure longer-term success beyond the initial ICO hype.
“We think in the blockchain space, an innovative team with the timely delivery of promises apparently is highly rewarded,” says Dong Xinshu, CEO of Zilliqa.