Fordefi has launched the first institutional-grade MPC wallet for DeFi protocols on the Sui network, as announced by the Sui team on Wednesday via X. This development marks a significant milestone in the DeFi space, aiming to enhance security and operational efficiency for institutional investors.

However, despite such advancements, the broader market sentiment remains pessimistic. Regulatory uncertainties and recent market downturns continue to cast a shadow over the industry. Investors are advised to exercise caution as the market navigates these turbulent times.