One of the world’s largest sovereign wealth-linked managers just put $75 million worth of private market exposure on a blockchain.
Mubadala Capital, the investment arm of Abu Dhabi’s Mubadala Investment Company, went live on July 23, 2026 with a tokenized version of its Alternative Solutions Fund, officially named MCAS-TA. The fund runs across three blockchain networks: Coinbase’s Base, Solana, and Sui. It pulled in roughly $75 million in on-chain commitments at launch, drawing participation from both traditional asset managers and digital asset investors.
The infrastructure behind the product comes from KAIO, a UAE-based tokenization platform that announced its partnership with Mubadala Capital back in December 2025. KAIO handles the compliance architecture and distribution rails.
Why this matters beyond the press release Mubadala Capital manages approximately $430 billion in assets.
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Private market funds have historically been among the least accessible asset classes for most investors. Minimum commitments run high, liquidity is near-zero, and the onboarding process involves significant friction. Tokenization compresses those barriers by putting compliance, ownership records, and transfer mechanics on-chain: instead of a fund administrator managing cap tables in spreadsheets, the blockchain handles it. Investor eligibility checks happen through smart contract logic. Secondary transfers become possible where they previously weren’t.
For Coinbase specifically, this launch marks the first time it has integrated regulated tokenized assets into an institutional treasury management context, according to the research.
KAIO’s growing footprint in regulated tokenization KAIO has previously powered tokenized offerings from BlackRock and Hamilton Lane, with cumulative TVL across those products landing somewhere between $150 million and $200 million. Adding the Mubadala Capital fund pushes that number meaningfully higher.
The firm also closed a funding round in April 2026, which included backing from Tether.
The multi-chain deployment across Base, Solana, and Sui is itself a deliberate choice. Each network brings a different investor base and different technical properties. Solana offers high throughput and a growing institutional presence. Base plugs directly into Coinbase’s compliance and custody ecosystem. Sui is newer but has attracted attention for its object-based data model, which handles complex financial instruments differently than account-based chains.
What this signals for institutional tokenization broadly Tokenized treasuries and money market funds moved first because the underlying assets are simple and liquid. Private market funds are a harder problem: the assets are illiquid, the investor base is accredited, and the regulatory requirements vary by jurisdiction. The fact that Mubadala Capital is doing this with private market exposure rather than a simple bond wrapper is what makes the MCAS-TA launch notable.
Seventy-five million dollars in on-chain commitments at launch is the demand signal other sovereign-linked managers and large alternative asset firms will be watching as they evaluate the operational lift required to follow.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sui spouští Hashi testnet, který umožní držitelům BTC půjčovat, vypůjčovat si a dosahovat výnosu bez bridge nebo wrapování. Projekt má přes 20 partnerů včetně BitGo, Blockdaemon a Ledger.
@SuiNetwork has officially launched the Hashi testnet, a protocol designed to put native $BTC to work on the Sui blockchain without requiring holders to bridge or wrap their assets. The move represents one of the more concrete attempts to bring Bitcoin's substantial liquidity into decentralised finance at an institutional scale.
Targeting Dormant Bitcoin CapitalThe scale of the opportunity Hashi is chasing is significant. According to onchain data from DefiLlama cited in a Cointelegraph report, only around 0.22% of Bitcoin's total supply, roughly $3.07 billion, is currently deployed in DeFi protocols. With Bitcoin's market cap exceeding $1 trillion, Hashi's backers argue that the gap between available capital and active deployment is too large to ignore.
First announced in March 2026, Hashi is developed primarily by Mysten Labs, the core contributor to Sui. Its central proposition is straightforward: allow $BTC holders to lend, borrow, and earn yield against their holdings using on-chain smart contracts, without relying on wrapped or synthetic representations of the asset. The collateral stays on the Bitcoin network, while Sui manages the cryptographic and programmatic rights.
Guardian Layer and Institutional BackingThe testnet rollout introduces what the team calls the "Guardian Layer," a defense-in-depth security model built around a 2-of-2 multisig requirement between Hashi validators and independent guardians. The structure is designed to remove the trust assumptions that have historically made institutional capital cautious about DeFi participation.
The institutional line-up behind the project is broad. As reported by KuCoin, Cumberland, SwissBorg, and Fluid are among the latest partners, joining existing backers that include BitGo, Blockdaemon, and Ledger, bringing the total partner count to more than 20. SwissBorg is focused on connecting its high-net-worth client base to BTC-backed lending products, while Fluid is targeting institutional-grade lending markets using Bitcoin collateral on Sui.
The testnet phase is intended to widen testing to institutions, custodians, and DeFi teams under realistic conditions before any significant capital moves to mainnet. Sui-native protocols including Suilend, Scallop, and NAVI Protocol have signalled plans to integrate Hashi once it is live at scale.
For $BTC holders, the pitch is the ability to access credit and yield without selling or moving their Bitcoin off its native network.
Sources:
Sui Blog: A New Era of Bitcoin-Based Finance Begins: Meet Hashi on Sui
TradingView/Cointelegraph: Bitcoin finance protocol Hashi launches on Sui with BitGo, FalconX backing
KuCoin: Sui's Bitcoin financial primitive, Hashi, will launch its testnet in July
Coinbase spustila nativní staking pro SUI, takže uživatelé mohou získávat odměny přímo v rozhraní burzy bez třetích stran. Na platformě je nyní stakováno zhruba 2,9 miliardy SUI.
Direct Rewards, No Third-Party Required@Coinbase has officially launched native staking support for $SUI, giving users the ability to earn protocol-level rewards without leaving the exchange interface. The integration removes the need for manual validator delegation or external custody solutions, crediting rewards directly and automatically to user accounts.
Coinbase's staking page for SUI shows that approximately 2.9 billion SUI tokens are currently staked on the platform, representing a staking market cap of around $2.3 billion. That figure reflects the scale of demand already in place ahead of this native integration.
For context on how the underlying protocol works: Sui employs a Delegated Proof-of-Stake (DPoS) consensus mechanism in which validators' voting power is determined by the amount of stake delegated to them by SUI holders. Rewards accrue every epoch, which corresponds to roughly 24 hours, and the standard estimated APR sits at around 3.25%, though this varies with validator performance and network conditions.
A Growing Network Behind the IntegrationThe timing of the Coinbase rollout aligns with a period of sustained expansion for @SuiNetwork. Sui processed over $1 trillion in stablecoin transfers ahead of its March 2026 native stablecoin launch, with $111 billion in volume recorded in January 2026 alone. The network has also surpassed 4.5 billion total transactions, with 1.2 million daily active wallets as of late July 2026, according to CoinMarketCap data.
Coinbase has maintained a close relationship with the Sui Foundation since the network's mainnet launch, participating in its Incentivized Testnet and collaborating on protocol design. The exchange's Cloud infrastructure manages node complexity and creates delegation flows for end users, offering a secure path to earn protocol rewards.
By bringing that infrastructure directly into the retail exchange product, Coinbase lowers the barrier further for holders who want yield from $SUI without navigating wallet setups or validator selection.
Sources:
Coinbase SUI Staking Page
Coinbase Cloud Non-Custodial SUI Staking
DAIC Capital: SUI Staking Overview
Open USD spojuje více než 140 účastníků včetně Visa, Mastercard, Stripe, Coinbase a BlackRock a nabízí jim podíl na výnosech z rezerv. Tím zvyšuje tlak na zavedené stablecoiny USDT a USDC.
With stablecoin supply above $300 billion and payment use reaching an estimated $390 billion in 2025, more than twice the previous year, competition increasingly centres on distribution, liquidity, reserve income, and access to payment networks.
Open USD has brought these commercial forces together through a consortium of more than 140 participants, including Visa, Mastercard, Stripe, Coinbase, and BlackRock. Participating companies will be able to distribute the asset through exchanges, wallets, merchant products, and payment services while receiving a share of reserve earnings.
The model places Open USD against established issuers and smaller competitors seeking partnerships with the same financial companies.
BeInCrypto spoke with Louisa Bai, Head of Stablecoins at Mysten Labs, Marc Boiron, CEO of Polygon Labs, and Kevin Cui, Executive Director and Chief Executive Officer of OSL Group, about stablecoin competition, regional use cases, currency demand, and blockchain settlement.
Open USD Links Distribution With Reserve Income Open USD gives participating companies a financial incentive to support adoption through their own products. Reserve earnings can be returned to consortium members, linking token distribution to commercial revenue.
“OUSD is primarily built to share stablecoin reserves across its partners, including Visa, Stripe, Coinbase, Mastercard, and leading blockchains such as Sui,” said Louisa Bai, Head of Stablecoins at Mysten Labs. “Its partner network and revenue-sharing model could increase competition in a market with deeply entrenched incumbents.”
USDT and USDC retain an advantage built through liquidity, trading pairs, exchange listings, and widespread use across crypto markets.
“Their moat comes from liquidity depth and years of exchange listings,” Bai said. “Mid-sized issuers face the greatest pressure because they lack the liquidity of USDT and USDC and the partner economics offered by OUSD.”
Open USD also depends on cooperation between companies with different commercial priorities. Decisions covering reserves, governance, supported networks, and distribution will require agreement across banks, payment companies, exchanges, and crypto firms.
Its progress will depend on whether shared reserve income produces sustained adoption across participating products.
Visa just announced the launch of the Visa Stablecoin Platform for financial institutions.
The new enterprise system initially supports Open USD and includes a Wallet-as-a-Service offering.
It is currently rolling out for beta testing with select clients. pic.twitter.com/OiKijT8n3l
— BeInCrypto (@beincrypto) July 16, 2026 Different Stablecoins Will Serve Different Products Stablecoin control will remain divided between issuers, payment companies, exchanges, applications, and blockchains.
Issuers manage reserves and redemption, while payment companies control merchant access and customer distribution. Exchanges provide liquidity, and blockchains determine transaction speed, fees, and settlement capacity.
“Different stablecoin assets aimed at different use cases will coexist, together with different forms of control,” Bai said.
PYUSD remains closely connected to PayPal and its consumer products, while Open USD may develop around business payments and merchant settlement. Exchange-backed coins can focus on trading, while bank-supported assets can serve treasury management and institutional transfers.
This division allows stablecoins to develop around specific commercial environments rather than a single dominant operating model.
Regional Demand Splits Between Dollar Access and Local Settlement Stablecoin adoption follows currency stability, remittance costs, regulation, and access to banking. Latin America currently provides some of the strongest examples of stablecoins functioning as everyday money across savings and cross-border payments, according to Marc Boiron, CEO of Polygon Labs.
“Latin America, and it’s not close,” Boiron said. “When a currency loses value overnight and sending money home costs 6% and takes three days, a digital dollar is a household decision.”
Boiron pointed to the Mexico-US and Brazil-US corridors as major sources of current volume. He described the Gulf as an early regulatory leader, Japan as a careful builder of bank-connected products, and the US as a market gaining more room for regulated issuance and payments.
Emerging markets such as Argentina, Brazil, and Pakistan use dollar stablecoins as protection from inflation and currency depreciation.
In Nigeria, Paga plans to use Sui-based stablecoin payments to support international transfers for freelancers and businesses paying overseas suppliers.
Local-currency coins serve a different economic need. Markets with trusted currencies and regulators seeking domestic settlement onchain have stronger incentives to develop assets denominated in yen, dirhams, euros, or other local units.
“A stablecoin inherits the reputation of the currency behind it,” Boiron said.
He expects dollar coins to lead in markets where people seek protection from inflation, while local-currency stablecoins can develop in places such as Japan and the Gulf, where domestic currencies retain public trust.
Business adoption depends on liquidity and reliable fiat conversion, while distribution and licensing determine how easily merchants and exchanges can support a new asset. Boiron said businesses need coins already present in the wallets and payment services they use, backed by issuers acceptable to banks and auditors.
“It comes down to liquidity, distribution, and whether there is a licensed issuer standing behind it,” he said.
Europe follows MiCA rules covering issuance, authorization, reserves, and distribution. Exchanges have restricted several assets, including USDT, while providers adjusted their offerings to European requirements.
The resulting market divides between dollar access in weaker-currency economies and local settlement in regions where domestic units retain trust.
MiCA regulation is now fully in effect across all 27 EU member states. 🇪🇺
The grace period for unauthorized crypto providers is over.
Now, a single license allows companies to operate continent-wide, setting the stage for a major structural shift. pic.twitter.com/6b0Kg4edjE
— BeInCrypto (@beincrypto) July 1, 2026 Dollar Stablecoins Will Retain Their Lead Dollar coins still dominate supply and liquidity, while local-currency assets are developing around domestic settlement and regional trade.
“Non-dollar stablecoins remain concentrated in foreign-exchange trading within DeFi,” Bai said. “Locally denominated assets such as JPYC will continue to develop, while USD is likely to remain dominant in the near term.”
Meanwhile, Cui expects local-currency stablecoins to grow alongside dollar coins as companies adopt them for domestic payments and regional trade.
“Local-currency stablecoins are developing a durable role alongside dollar coins by reducing FX exposure and allowing businesses operating in euros, reais, or yen to retain their own unit of account,” said Kevin Cui, Executive Director and Chief Executive Officer of OSL Group.
Local coins may gain adoption where companies earn and spend in the same currency, while dollar coins continue serving international settlement and savings demand.
Blockchains Provide the Settlement Base Blockchains determine how efficiently stablecoins move between users, companies, and financial applications.
Boiron offered a complementary view of the chain’s role, arguing blockchains create more value by supporting widely used assets across many products than by issuing coins tied to one ecosystem.
“The most valuable stablecoin is the one everyone else already accepts,” Boiron said.
Chains therefore compete through transaction performance, developer tools, and support for several major stablecoins.
“Sui’s role in stablecoin growth is settlement, with fast execution built for the transaction volumes mass adoption requires,” Bai said. “Stablecoins need fast finality, capacity for large user numbers, stable fees, and strong user experience.”
Sui introduced gasless stablecoin transfers in May 2026, allowing users to send supported assets without holding SUI separately for transaction fees. Confidential transfers entered public beta in June, allowing issuers to conceal balances and transaction values while preserving access for compliance and auditing.
Sui also recorded more than six million transactions per second during a July public experiment using programmable tunnels. These offchain payment and state channels process activity away from the main network before settling final results on Sui.
Such features can support payroll, merchant payments, treasury transfers, and institutional settlement.
Open USD shows how stablecoin competition is expanding beyond issuance. Reserve income, distribution partnerships, payment access, and blockchain performance will influence which assets gain adoption.
Dollar coins will retain their advantage in global markets, while local assets develop around domestic payments and regional commerce. The strongest providers will combine reliable reserves with liquidity, distribution, and efficient settlement.
Sui spustil na úrovni protokolu převody podporovaných stablecoinů bez poplatků za gas, takže uživatelé mohou posílat USDC bez držení SUI na poplatky. Funkce má zjednodušit platby a další aplikace pro běžné uživatele.
Sui has launched gas-free stablecoin transfers, a move that goes directly at one of the most annoying pieces of crypto payments: needing the network’s native token just to move dollars.
For experienced crypto users, gas is normal. For everyone else, it is friction. A user may have USDC or another stablecoin in a wallet, but if they do not also hold the chain’s native token, they can get stuck. They cannot send funds, make a payment, or move assets without first acquiring gas.
That is a terrible experience for payments.
Sui’s new stablecoin transfer feature is designed to remove that issue by allowing users to send supported stablecoins without holding SUI for transaction fees. The available source material points to implementation through Sui’s Move API, with gas set at zero and the fee burden handled away from the end user.
That sounds technical, but the user-facing idea is simple: stablecoins should move more like money and less like a puzzle.
Reference: Sui
TL;DR Sui has launched gas-free transfers for supported stablecoins. Users can move assets such as USDC without first holding SUI for fees. The change could make Sui more competitive in stablecoin payments and consumer crypto apps. Why Gas Still Breaks Crypto UX Stablecoins are one of crypto’s clearest product-market fits.
They are used for trading, settlement, payments, remittances, DeFi collateral, and dollar access in markets where banking rails are slow or unreliable. But even stablecoins can feel awkward when the user has to understand gas.
The problem is especially obvious for new users. Someone may receive stablecoins and assume they can send them immediately. Then the wallet tells them they need the native asset to pay fees. Now they have to find SUI, ETH, SOL, TRX, or another gas token before they can do anything.
That is not how normal payments work.
Nobody expects to hold a separate “fee token” to send pounds from a banking app or dollars from a payment wallet. Crypto users have learned to tolerate that because they understand blockchains. Mainstream users have not, and probably should not have to.
Gas-free stablecoin transfers are an attempt to hide that complexity.
If Sui can make stablecoin movement feel more like a normal payment action, the network becomes easier to use for wallets, apps, merchants, and everyday transfers.
Stablecoin Competition Is About Convenience Now Sui is not the first network to chase stablecoin payments, and it will not be the last.
Ethereum has the deepest liquidity and most established DeFi ecosystem. TRON has become a major stablecoin transfer network because of its low fees and wide USDT usage. Solana has pushed hard into fast, low-cost consumer payments. Base is trying to combine Ethereum alignment with cheaper transactions and app distribution.
That means Sui needs a real reason for users and developers to care.
Gas-free stablecoin movement is a practical answer. It does not rely on abstract network claims. It solves a visible user problem.
The supported stablecoin list is important as well. According to the cleaned pack, supported assets include USDC, USDsui, suiUSDe, AUSD, FDUSD, USDB, and USDY. That gives the feature a wider stablecoin base than a single-asset implementation.
For developers, the more interesting part may be the infrastructure model. If apps can build payment flows where the user never has to think about gas, Sui becomes easier to integrate into consumer-facing products.
That could matter for wallets, games, DeFi front ends, subscription tools, and cross-border payments.
The Real Test Is Usage The launch is promising, but the market will judge it by adoption.
Gas-free transfers sound useful, but the feature needs real volume. Users have to adopt it. Wallets and apps have to integrate it cleanly. Stablecoin liquidity has to remain deep enough that the experience feels reliable.
The competitive bar is high. Users already move stablecoins across other networks, and many do not care which chain wins as long as the transfer is cheap, fast, and easy. Sui has to prove that removing gas friction is enough to pull activity into its ecosystem.
There is also a sustainability question. If end users are not paying gas directly, someone else is absorbing or sponsoring those costs. That can work well, but the economics need to make sense over time, especially if volume scales.
Still, the direction is right.
Crypto payments will not become mainstream if every transaction requires users to understand the mechanics underneath. The winning experience probably looks boring: open app, send dollars, done.
Sui’s gas-free stablecoin feature moves in that direction. It is not a guarantee that Sui becomes a dominant payments chain, but it gives the network a cleaner user-experience argument at a time when stablecoin competition is becoming more serious.
This article is based on information from Sui Network.
This article was written by the News Desk and edited by Samuel Rae.
Sui v testu s AI agentem Tunnels dosáhl 6 086 766 TPS, daleko nad cílem 1 milionu. SUI mezitím za 24 hodin vzrostl o 1,34 % a sleduje rezistenci na 0,82 USD.
Sui, a Layer 1 blockchain developed by Mysten Labs and known for its scalability features, is gaining momentum as new data from its AI-powered network test reveals record-breaking transaction processing speeds. The SUI token, the native asset of the network, is trading at $0.7464 with a 24-hour volume of $157.76 million, pushing its market capitalization to $3.02 billion. After climbing 1.34% in the last 24 hours, analysts are watching closely for a potential bullish breakout.
SUI price approaches resistance, eyes breakout targetAs SUI steadily recovers from previous dips, crypto analyst Michaël van de Poppe observed that the coin maintains a bullish momentum. He noted that sustained buying activity and increasing trading volumes reflect growing investor confidence in the blockchain’s future. If SUI surpasses the pivotal $0.82 resistance level, analysts believe the price could retest the $1 mark, with $1.20 identified as a further upside target.
Sustained accumulation and a surge in trading activity could pave the way for SUI to break above $0.82 and initiate a new uptrend, potentially pushing the price to $1 and higher resistance levels at $1.20.
Key resistance points remain at $0.82, $1.00, and $1.20, historically significant marks from previous rallies. Market sentiment and overall strength in assets like BTC are contributing to renewed optimism.
Investors and traders are closely following SUI price action, looking for technical confirmation of a breakout that could establish a new bullish trend.
Price LevelStatusSignificance$0.82ResistanceBreakout trigger$1.00ResistancePsychological mark$1.20ResistancePrevious rally peakAI-powered Sui network test sets TPS recordSui recently completed a high-profile experiment using its Tunnels AI agent, aiming to showcase the network’s scalability under AI-driven workloads. The initial target for the test was 1 million transactions per second (TPS), a figure that would already place Sui at the top tier among blockchains. However, the AI agent achieved 6,086,766 TPS in the test environment, demonstrating the network’s capability to handle unprecedented throughput levels.
These results highlight Sui’s aim to support large-scale, high-performance Web3 applications that leverage artificial intelligence. The test was conducted off-mainnet, but developers view it as a major step toward bringing advanced AI and agentic operations to decentralized networks. The platform’s commitment to integrating artificial intelligence is seen as a driver for both price and technological growth.
Mini dictionary: Tunnels AI agent — An artificial intelligence-driven module developed for Sui to automate and maximize blockchain throughput by orchestrating high-frequency transaction processing. AI agents like this serve as a proof of concept for advanced smart contract and infrastructure automation within Web3 ecosystems.
Outlook: Adoption, upgrades, and key levelsBeyond technical performance, Sui continues to work on implementing AI enhancements across its network. The blockchain’s ability to achieve high TPS figures and support complex, AI-driven applications may attract further attention from developers and investors.
The next moves for SUI depend on a successful breach of the $0.82 resistance. If achieved, traders might expect moves toward $1.00 and $1.20. The broader market trend, especially upward momentum in BTC, could also play an important role in the asset’s trajectory.
Investors will monitor ongoing network developments, trading dynamics, and sentiment shifts as they assess the prospects for continued bullish price action.
Network scalability and AI integration will be crucial drivers for SUI’s appeal among both developers and financial markets, making the project a focal point in ongoing blockchain innovation discussions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Sui na úrovni protokolu zavedl nulové gas poplatky pro peer-to-peer převody stablecoinů a za zhruba pět dní zpracoval téměř 65 miliard USD. Od oznámení SUI vzrostl asi o 5 %.
Moving stablecoins has always come with a hidden tax. You want to send $50 in USDC, and the network wants a cut in its native token, which you may or may not own. Sui just made that problem disappear, at least for stablecoin transfers.
On May 20, 2026, Sui Network activated a protocol-level feature that sets the gas cost for stablecoin peer-to-peer transfers to exactly zero. Not subsidized by a third party. Not abstracted away by a dApp. Zero, baked directly into the infrastructure.
The transfer cost is the same whether you’re moving $1 or $1,000,000.
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How it actually works The technical engine behind this is a new system called Address Balances. Rather than requiring users to hold SUI tokens to pay fees, the protocol absorbs the cost of stablecoin transfers at the network layer itself.
Sui’s fix is architectural, not cosmetic. That’s the distinction that separates it from gas abstraction solutions built at the wallet or application layer, which still rely on someone, usually a relayer or the app developer, paying the fee in the background.
Supported stablecoins at launch include USDC, USDsui, suiUSDe, USDY, FDUSD, AUSD, and USDB. Infrastructure provider Fireblocks is among the backers supporting the rollout.
The numbers are hard to ignore Within roughly five days of the feature going live, the network processed nearly $65 billion in stablecoin transfers. Sui’s cumulative stablecoin volume since early 2024 has already surpassed $2.27 trillion.
The SUI token responded accordingly, gaining approximately 5% following the announcement.
The risk worth watching is whether zero-cost transfers at the protocol level creates long-run sustainability questions for network economics. Gas fees, even small ones, have traditionally served as a spam deterrent and a revenue mechanism for validators. How Sui has structured the economics behind this feature, specifically who absorbs the cost and what prevents abuse at scale, will be worth watching as volume grows.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sui has crossed the $1 billion total value locked mark on DeFiLlama, giving the Move-based network a clearer claim to serious DeFi liquidity.
For more details, visit the official DeFiLlama platform.
TL;DR Sui’s DeFi TVL has moved above $1 billion, according to DeFiLlama data.Lending and native DeFi protocols are helping drive capital onto the chain.The milestone strengthens Sui’s pitch as a high-performance smart contract network. TVL is an imperfect metric, but it remains one of the easiest ways to see where capital is willing to take smart contract risk. For Sui, crossing $1 billion is a meaningful marker because it moves the chain further away from early-stage experimentation and closer to the conversation around durable DeFi ecosystems.
Liquidity Is The Real Test Fast blockchains are common. Sustainable liquidity is rarer. Users can rotate through incentive programs quickly, especially when yield campaigns are generous. The question for Sui is whether capital stays after the first wave of rewards and novelty fades.
The current growth points to rising activity in lending, trading, and native protocols. That matters because a chain needs more than one flagship app to feel alive. The healthier version of Sui’s growth story is not just that TVL crossed a number, but that more capital is being deployed across several functions.
What Comes After The Milestone The next test is depth. Sui needs liquidity that supports real usage, not just headline TVL. Stablecoin availability, reliable lending markets, strong bridges, and developer retention will decide whether this becomes a lasting DeFi base.
For now, the $1 billion level gives Sui a stronger seat at the table. Move-based chains have been fighting for attention against Ethereum L2s, Solana, and other high-throughput networks. Sui now has a clearer data point to show that capital is paying attention.
This report is based on DeFiLlama data for Sui.
This article was written by the News Desk and edited by Samuel Rae.
Sui při veřejném livestreamovém experimentu zpracovala maximum 6 086 766 TPS, když AI agenti přes „programmable tunnels“ obchodovali, hráli a posílali platby. Výsledek byl víc než šestkrát nad cílem 1 milion TPS.
Autonomous AI agents playing games, making payments, and chatting pushed Sui's programmable tunnels to a peak of 6,086,766 TPS
Main TakeawaysAI agents and users battled across games, payments, and chat using "programmable tunnels," offchain channels that settle to Sui mainnet when closed.Sui hit a peak of 6,086,766 TPS on July 4, 2026, over six times the experiment's 1 million TPS target.The peak was roughly 20 times higher than Sui's prior benchmark of 297,000 TPS, set in a controlled testing environment.On Saturday, July 4, 2026, Sui processed the highest number of transactions per second ever recorded on its network during a public livestream experiment open to anyone. Using an explorer built for the event, participants logged in with their Gmail address (thanks to Sui primitive zkLogin) and watched AI agents battle head-to-head across games, payments, and chat. The network peaked at 6,086,766 TPS at approximately 12:30 p.m. ET, more than six times the goal and roughly 20 times Sui's previous maximum-TPS benchmark of 297,000 TPS, set in a controlled testing environment.
The throughput was made possible through "programmable tunnels," offchain payment and state channels that settle to Sui mainnet when closed. After signing in with zkLogin, participants received a test token, MTPS, to use during the experiment. Gas was sponsored throughout, so no prior SUI holdings were required. From there, users and AI agents opened tunnels with one another to play games like blackjack and "Quantum Poker," draw on a shared canvas, chat, and transact, all gaslessly and offchain, with every closed channel mutually cosigned and independently verifiable onchain.
“We proved that programmable tunnels aren't just about payments,” said Kostas Chalkias, Chief Cryptographer and Co-Founder at Mysten Labs. “This is agent-to-agent commerce, competitive gaming, and prediction markets running gaslessly at massive scale. A company's trading agent could play chess or poker against another company's agent millions of times without touching the base chain. Consider real-world utility: you could lock funds offchain so someone without internet access, in an earthquake or a blackout, can still pay for groceries the moment they're near a signal again. Right now there are only four or five proven product-market fits in crypto: stablecoins, DeFi, payments, prediction markets. I think programmable tunnels just opened the door to a fifth.”
What's nextMysten Labs and the Sui hacker team plan to build on the experiment with additional capabilities, including confidential transfers via Nautilus, tunnels supporting more than two participants, and agent-to-agent prediction markets. To watch how it unfolded live, check out the recorded livestream.
SUI příští týden odemkne asi 13,72 milionu tokenů, tedy 0,34 % nabídky v oběhu, v hodnotě zhruba 9,4 milionu USD. Výrazné uvolnění tokenů čeká i EIGEN, FF, CARDS a GPS.
PANews reported on June 28, data from Token Unlocks shows that tokens such as SUI, EIGEN, and FF will see large unlocks next week, specifically:
Sui (SUI) will unlock approximately 13.72 million tokens at 8:00 a.m. Beijing time on July 1, accounting for approximately 0.34% of circulating supply, worth approximately $9.4 million;
EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12:00 p.m. Beijing time on July 1, accounting for approximately 6.15% of circulating supply, worth approximately $8.7 million;
Falcon Finance (FF) will unlock approximately 102 million tokens at approximately 9:00 p.m. Beijing time on June 29, accounting for approximately 3.66% of circulating supply, worth approximately $6.9 million;
Collector Crypt (CARDS) will unlock approximately 28.84 million tokens at 3:00 a.m. Beijing time on June 30, accounting for approximately 6.11% of circulating supply, worth approximately $6.7 million;
GoPlus Security (GPS) will unlock approximately 708 million tokens at 8:00 a.m. Beijing time on July 1, accounting for approximately 15.90% of circulating supply, worth approximately $6.3 million.
Sui po zavedení Address Balance a gasless stablecoin transfers třikrát zastavil mainnet během dvou dnů. První dva výpadky souvisely s hranicí mezi gas charging, gas smashing a settlement, třetí s chybou při restartu validátorů a během epoch transition.
Mainnet halts are rarely caused by one isolated bug. They usually expose a boundary where several subsystems made different assumptions. The May 2026 Sui halts are a good example.
Shortly after Sui rolled out Address Balance and gasless stablecoin transfers, the mainnet halted three times within roughly two days. The first two halts were tied to the boundary between Address Balance, gas charging, gas smashing, and settlement. The third surfaced during validator restarts and epoch transition, exposing a separate randomness / DKG persistence issue.
At first glance, gasless stablecoin transfer sounds like a wallet feature: let users send USDC without first buying SUI. That is a real UX improvement. It removes one of the most awkward parts of stablecoin payments on a gas-token chain.
But on Sui, that UX improvement reaches deep into the execution layer. Gas payment is not just a fee field. It involves coin objects, object versions, replay protection, failed-transaction handling, and checkpoint settlement. Address Balance changes how fungible funds move through that pipeline.
This article starts from the incidents and works backward: why Address Balance exists, how it enables gasless stablecoin transfers, where compatibility with the old coin-object world becomes risky, and what developers should take away from the rollout.
1. Why Address Balance Exists Sui's asset model is object-oriented by default. A Coin<T> is a versioned object. Legacy payment flows are built around selecting, consuming, splitting, merging, and updating coin objects.
That model is powerful. It gives Sui strong ownership semantics and helps parallel execution: unrelated owned objects can move independently. But the same model can make simple payments feel stateful.
A wallet or payment app may need to:
choose which coin objects fund a transfer; split or merge coins to match the desired amount; keep fresh object references; avoid reusing the same coin or gas object in concurrent transactions; make sure the user has SUI before sending a stablecoin. For a user who just wants to send USDC, that is unnecessary friction. The user thinks in balances: "I have 100 USDC, send 10." The chain historically exposed something closer to a set of coin objects.
Address Balance adds a fungible-balance layer on top of Sui's object model. Instead of requiring every unit of a fungible asset to appear as a separate Coin<T> object, it provides a canonical balance for each (address, coin type) pair. Funds sent through sui::coin::send_funds or sui::balance::send_funds merge into the recipient's balance for that asset.
This does not replace every Coin<T> path. Coin objects, address balances, and compatibility mechanisms coexist. That is part of the design: existing wallets, contracts, SDKs, and indexers cannot all migrate at once.
The important shift is that fungible assets no longer always need to be represented as concrete coin objects in the transaction path. That is what makes a cleaner stablecoin payment UX possible.
2. How the New Payment Path Works Address Balance looks like an account balance, but Sui does not become a traditional account-based chain. The core mechanism is the accumulator.
Simplified:
user transaction: deposit -> emit Merge accumulator event withdraw -> emit Split accumulator event checkpoint / commit settlement: collect accumulator events aggregate by (owner, Balance<T>) create system settlement transaction settlement transaction: update AccumulatorRoot dynamic fields User transactions do not directly write the shared AccumulatorRoot. If every address-balance operation wrote that shared object directly, parallelism would suffer. Instead, user transactions emit accumulator events. Settlement transactions aggregate and persist those changes later.
The main Move framework surface is small:
balance::send_funds<T>(Balance<T>, recipient) deposits a Balance<T> into the recipient's address balance. balance::redeem_funds<T>(Withdrawal<Balance<T>>) converts a withdrawal into a Balance<T>. coin::send_funds<T>(Coin<T>, recipient) converts a coin into a balance and deposits it into address balance. coin::redeem_funds<T>(Withdrawal<Balance<T>>) converts an address-balance withdrawal into a Coin<T>. The transaction format adds CallArg::FundsWithdrawal: reserve up to N from the sender's or sponsor's Balance<T>. During execution, this input becomes a Move-side sui::funds_accumulator::Withdrawal<Balance<T>>. It is not an ordinary owned object. It is a withdrawal handle. Only after it is redeemed through redeem_funds does it produce a Split accumulator event.
This gives the scheduler something it can reason about before execution: the maximum possible outflow. It can reserve funds conservatively without locking an entire account.
Gasless stablecoin transfer is built on top of this machinery. For allowed stablecoin types, a qualifying peer-to-peer transfer can execute with:
gasPayment = [] gasPrice = 0 gasBudget = 0 That does not mean arbitrary free computation. Gasless transfers are intentionally narrow. The token must be allowed by protocol configuration. The PTB shape must match a small set of balance and coin operations. The transaction cannot write ordinary objects. Input coins must be consumed or converted into address balances. There is also a minimum transfer amount, and gas-paying transactions are prioritized during congestion.
Those boundaries are security assumptions. Without them, gasPrice = 0 would become a generic free-computation and spam surface.
Address-balance gas payment also introduces a replay-protection requirement. A transaction that pays gas from address balance may have no gas coin object in gas_data.payment. If a stateless transaction has no owned object input anchoring it, it needs TransactionExpiration::ValidDuring, a chain identifier, and a nonce so it cannot be replayed across time or networks.
This is the tradeoff: the user no longer needs to manage SUI gas coins for simple stablecoin transfers, but the execution layer must now reason about balance withdrawals, stateless transaction validity, and deferred settlement.
3. Where Compatibility Gets Risky Sui cannot switch the whole ecosystem from coin objects to address balances overnight. Existing SDKs, wallets, indexers, and Move contracts still speak in Coin<T> and object references. The transition therefore needs compatibility.
Some compatibility is straightforward. Balance APIs now need to distinguish total balance, coin object balance, and address balance. A wallet that only scans owned Coin<T> objects can undercount a user after funds arrive through address balance. Indexers also need to process accumulator events, not only object diffs: Split is address-balance outflow, and Merge is address-balance inflow.
Some compatibility is more subtle. Existing contracts that accept Coin<T> can still be called by redeeming a coin from address balance first:
const [coin] = tx.moveCall({ target: '0x2::coin::redeem_funds', typeArguments: ['0x2::sui::SUI'], arguments: [tx.withdrawal({ amount: 1_000_000_000n })], }); tx.transferObjects([coin], recipient); Conversely, an old flow that produces a Coin<T> can fold it back into address balance through coin::send_funds.
The highest-risk compatibility layer is coin reservation.
Traditional gas payment uses concrete SUI coin objects:
gas_data.payment = [Coin<SUI> object refs] When there are multiple gas coins, the execution layer performs gas smashing: it combines multiple gas coins into one target coin, deletes the other gas coins, and charges gas from the target coin.
Address Balance adds another shape:
gas_data.payment = [real coin object, synthetic reservation object, ...] The synthetic reservation object is not a real on-chain coin. It is an ObjectRef-shaped compatibility value whose digest encodes an address-balance withdrawal reservation. After parsing it, the execution layer treats it as reserved SUI from the sender's address balance.
That is where assumptions start to overlap. Gas smashing was built around coin objects. Coin reservation looks like an object reference, but it is not an ordinary owned object. It can enter paths originally designed for gas coins, while its economic effect comes from address balance.
This is also why explorers and RPCs can be easy to misread. suix_getCoins or an explorer UI may show a coinObjectId, but that value can come from compatibility rather than from a user transaction creating or transferring a normal owned Coin<T>.
A mainnet example illustrates the issue. In transaction ECjUCiAP9YMYFyQrEKUb2JVyWovPyqN6rPGXRz42pUQn, the user transaction had:
objectChanges = [] balanceChanges: sender -100000 USDC, recipient +100000 USDC gasData.payment = [], gasPrice = 0, gasBudget = 0 accumulator events for Balance<USDC> The recipient later appeared in suix_getCoins with a coinObjectId whose previousTransaction was EvgW7KsrN8jaBUkuCdeo4NfiB9baZDyGTXidwxFbt4BV, a system settlement transaction. That settlement transaction called accumulator_settlement::settlement_prologue and accumulator_settlement::settle_u128, creating or modifying accumulator dynamic fields under 0x...0acc. Meanwhile, suix_getOwnedObjects filtered by 0x2::coin::Coin<USDC> returned empty for the recipient.
That combination is closer to an Address Balance RPC compatibility representation than to a normal coin object created by the user transaction.
The compatibility layer is useful. It keeps older coin-object flows working while address balances roll out. But it also brings address-balance side effects into execution logic that previously handled coin object mutation. That boundary is exactly where the first two halts occurred.
4. What Actually Broke The public timeline is short:
2026-05-28, about 07:00-13:30 PT: mainnet halt. A boundary bug between v1.72 Address Balance and gas charging / gas smashing triggered settlement underflow. 2026-05-29, about 05:00-08:30 PT: second halt. The interim fix covered only part of the InsufficientFundsForWithdraw shape. Another cancellation reason could mask InsufficientFundsForWithdraw, and the same class of underflow appeared again. 2026-05-29, about 13:30-19:20 PT: third halt. Validators restarted to deploy the fix, exposing a randomness / DKG state persistence bug. Epoch change could not complete. The first incident can be summarized as:
TX1: drain sender address balance to 0 TX2: gas payment = [real coin A, real coin B, address-balance reservation R] scheduler/execution sees address balance no longer enough TX2 is marked InsufficientFundsForWithdraw bug: TX2 still runs gas smashing path reservation R emits a Split accumulator event transaction fails, but Split event reaches checkpoint settlement settlement: current balance = 0 merge = 0 split = R checked arithmetic underflows system settlement transaction aborts every validator hits the same deterministic abort The important point is not that Sui allowed an invalid balance update. It did not. Checked arithmetic prevented the underflow from passing silently. The problem was where the failure happened: inside a system settlement transaction. Once that transaction aborted deterministically, honest validators stopped at the same checkpoint.
This is a liveness failure, not a theft-of-funds failure. Funds remained protected, but the chain stopped making progress.
The bug was also publicly triggerable. It did not require validator keys or admin privileges. It required transactions competing for the same address balance, one transaction entering InsufficientFundsForWithdraw, and a hybrid gas payment containing both real coins and a reservation. This is not the same as a simple "balance < amount" case, which would fail before consensus. The relevant shape involved concurrent transactions competing for the same address-balance reservation space.
The first hotfix pruned address-balance entries from gas payment once a transaction entered an IFFW early abort, while keeping real coins. The second halt showed that this was too narrow. A transaction can have multiple early cancellation reasons; if the fix only checks the surfaced error, IFFW can be masked. The more robust fix treats IFFW as a reason to bypass the executor / gas-smashing path and produce deterministic zero-gas failure effects.
The third halt was different. It came from randomness / DKG state during epoch change. Validators restarted to deploy the second fix. DKG participation for the next epoch did not meet the threshold, so randomness was disabled as designed. A latent persistence bug meant the "DKG failed/disabled" verdict was not remembered correctly after later restarts. Randomness-dependent transactions could neither execute nor be cancelled, the queue could not drain, and end-of-epoch logic waited for a DKG that would never complete.
The emergency fix added a force-epoch-close operator lever. That detail matters because production reliability is not only about the new feature. It is also about emergency upgrades, validator restarts, low-frequency epoch transitions, and operational recovery.
5. What Developers Should Take Away The point of this analysis is not that gasless stablecoin transfers were a bad idea. The demand is real. Payment UX matters. Stablecoin users should not need to understand gas coins before sending dollars.
The lesson is that payment UX can become consensus-critical when it changes gas payment and settlement. The implementation bar has to match that risk.
For wallets and payment apps:
Treat Address Balance and coin objects as coexisting asset representations. Show total balance, coin balance, and address balance clearly so users do not think funds have disappeared. Precheck gasless eligibility. Do not set gasPrice = 0 just because the token is USDC. Validate PTB shape, allowlisted functions, absence of ordinary object writes, minimum transfer amount, and gas budget. For address-balance gas payment, handle ValidDuring and nonce explicitly. Do not reuse the same nonce for distinct stateless transactions. In sponsored transactions, do not assume tx.gas is always the right abstraction. Address-balance gas payment uses empty gas payment (setGasPayment([])), while tx.gas represents the gas coin argument. Prefer higher-level APIs such as tx.coin() and tx.balance() where applicable, and review any GasCoin usage explicitly. For indexers and deposit monitors:
Process accumulator events. Balance-change algorithms that only inspect object diffs are incomplete. Do not require objectChanges to be non-empty. For gasless stablecoin transfers, the main signal should be balanceChanges: owner == watched address, coinType == target coin type, amount > 0 means incoming funds, and amount < 0 means outgoing funds. Treat objectChanges, compatibility coinObjectIds, and settlement transactions as enrichment or reconciliation signals, not as the only evidence of payment. For payment businesses:
Do not monitor only whether a transaction digest was submitted successfully. Monitor checkpoint progression, finality latency, epoch transitions, randomness/DKG state, and gasless rejection rate. Keep a paid fallback. During congestion, gas-paying transactions are prioritized over gasless stablecoin transfers. High-value or SLA-sensitive payments may need a paid path. For security teams:
Model failed transaction side effects explicitly. In this incident, the dangerous path was not a successful withdrawal. It was a failed path that still left a settlement-impacting accumulator event. Treat gas payment as a consensus boundary. It handles DoS protection, fee conservation, object lifecycle, balance deduction, and failed-transaction behavior. Preserve replay determinism during hotfixes. Nodes replaying historical checkpoints under different binaries must still produce the same effects. 6. Conclusion Address Balance is a meaningful protocol improvement for payment-oriented use cases. It addresses real friction: coin object UX, concurrent gas coin management, and the need for users to hold SUI before transferring stablecoins. Gasless stablecoin transfer is not just product language. It depends on concrete execution-layer mechanisms: allowlist, PTB shape validation, address-balance withdrawal, replay protection, zero gas budget, and accumulator settlement.
The May 2026 halts show the cost of making that improvement safely. The first two incidents came from address-balance reservations entering gas smashing in a way that let failed transactions leave settlement-impacting accumulator events. The third showed that emergency fixes themselves depend on validator restart and epoch-close paths, which are rare but critical.
Gasless transfers are worth building. Better payment UX is worth building. But the return is not free. What Sui had to give in return was a much higher burden on execution-layer invariants, gas accounting, settlement design, protocol gating, and operational recovery.
That is the real lesson of Address Balance: the closer a UX improvement gets to gas payment and settlement, the more it must be treated as core protocol engineering, not as an ordinary product feature.
FAQs What is Address Balance on Sui?
Address Balance is a fungible-balance layer added on top of Sui's object model. Rather than requiring every unit of a fungible asset to exist as a discrete Coin object, it provides a canonical balance for each address-and-coin-type pair. Deposits merge into that balance via accumulator events, which are settled later by system transactions rather than written directly by user transactions.
How do gasless stablecoin transfers work on Sui?
Qualifying peer-to-peer stablecoin transfers can set gas price, gas budget, and gas payment all to zero. The token type must be protocol-allowlisted, the transaction must match a narrow set of allowed PTB shapes, and no ordinary objects can be written. Gas is effectively covered by the protocol for these transfers, removing the requirement for users to hold SUI before sending stablecoins.
How should indexers and deposit monitors handle Address Balance transactions?
They should process accumulator events rather than relying solely on object diffs. For gasless stablecoin transfers, objectChanges may be empty, so balanceChanges is the primary signal for detecting incoming or outgoing funds. Compatibility coinObjectId values from settlement transactions should be treated as reconciliation signals rather than authoritative evidence of payment.
What is the key security lesson from the Sui halts?
Failed transactions can still produce side effects. In this case, a transaction that entered an insufficient-funds early abort still emitted a Split accumulator event, which reached checkpoint settlement and caused underflow. Any system where gas payment intersects with deferred settlement needs to explicitly model what failed transaction paths leave behind, not just what successful ones produce.
References Sui Foundation, "Sui Launches Gasless Stablecoin Transfers," 2026-05-20: https://blog.sui.io/sui-launches-gasless-stablecoin-transfers/ Sui Docs, "Gasless Stablecoin Transfers": https://docs.sui.io/develop/transaction-payment/gasless-stablecoin-transfers Sui Docs, "Using Address Balances": https://docs.sui.io/onchain-finance/asset-custody/address-balances/using-address-balances Sui Docs, "Migrating to Address Balances": https://docs.sui.io/onchain-finance/asset-custody/address-balances/migrate-address-balances SIP-58, "Sui Address Balances": https://github.com/sui-foundation/sips/blob/main/sips/sip-58.md Sui Foundation, "Sui Mainnet Halts Resolved After Major Upgrade," 2026-05-31: https://blog.sui.io/sui-mainnet-halts-resolved-after-major-upgrade/
Sui uzavřelo datové partnerství s Token Terminal, které přináší jeho onchain metriky na institucionální standard pro srovnání napříč řetězci. Investoři tak získají jednotný pohled na aktivní uživatele, transakce, poplatky i tržby.
One Source of Truth for Sui's Performance@SuiNetwork has entered a data partnership with @tokenterminal, bringing its onchain financial and usage metrics onto the platform that institutional investors treat as the standard for cross-chain comparisons. The move gives investors, developers, and the broader community a single, standardized view of the network's performance, covering everything from daily active users and transaction counts to fees and revenue.
Token Terminal transforms raw blockchain data into comparable, institutional-grade metrics. The platform covers more than 100 chains and 1,200 applications, applying consistent business logic so that cross-protocol comparisons are defensible rather than apples-to-oranges. Its data is also accessible via the Bloomberg Terminal, giving traditional finance professionals a direct line to onchain fundamentals.
The Sui partnership follows a similar playbook Token Terminal has used with other layer-1 networks. When Cardano signed on, the integration brought standardized revenue, active user, and validator data into Token Terminal's reporting framework, with the data subsequently flowing to platforms including Bloomberg Terminal, Binance, and CoinGecko. Ronin and Aptos have taken the same route. For Sui, the practical effect is the same: analysts and institutions can now pull its metrics into their own models programmatically via API, without having to compile and format data independently.
Why Transparency Matters for Institutional CapitalThe timing reflects a broader dynamic in crypto markets. Institutional allocators increasingly require standardized, auditable data before they commit capital to a network. Sui's architecture, built around a novel object-centric data model and the Move programming language, produces onchain data that looks structurally different from Ethereum or Solana. Having that data normalized and presented through a platform institutions already trust reduces a meaningful friction point for due diligence.
$SUI is currently a top-30 asset by market capitalization. The network has been expanding its institutional footprint across multiple fronts in 2026, including regulated stablecoin infrastructure and banking partnerships. Transparent, comparable onchain reporting through a platform like Token Terminal fits that broader push. If standardized metrics make it easier for allocators to screen and evaluate Sui alongside competitors, the network's bet is that the data will speak for itself.
Sources:
Sui Overview, Token Terminal
Cardano partners with Token Terminal, Crypto Briefing
Ronin Data Partnership, Token Terminal
Bluewater dokončila akvizici Suilend včetně STEAMM a SpringSui, čímž sjednotila klíčovou DeFi infrastrukturu na Sui. SEND token do dohody zahrnut nebyl.
Bluewater has completed the acquisition of Suilend, picking up the lending protocol along with its two companion products, STEAMM and SpringSui. The deal brings together some of the most active DeFi infrastructure on the Sui blockchain under a single owner, while leaving day-to-day operations largely unchanged for existing users.
What the Deal Covers Suilend is the largest lending and DeFi platform on the Sui blockchain. The protocol offers lending and borrowing, liquid staking through SpringSui, and automated market-making through STEAMM, a capital-efficient AMM that channels idle liquidity into lending pools for additional yield.
Bluewater said the acquisition deepens its long-term commitment to lending, liquid staking, and onchain capital markets on Sui. Suilend and Bluefin will maintain separate brands and legal structures but plan deeper integration across trading, lending, collateral, and liquidity. Zabi, co-founder of Bluefin, will serve as CEO. Zabi has assured that his commitment to Bluefin remains unchanged and that the acquisition will not impact Bluefin's development objectives.
The acquisition does not include the SEND token, which will be distributed to holders through a separate liquidation process.
Business as Usual for Users Suilend will continue operating independently, retaining its brand, product direction, and infrastructure. The team will adopt a gradual, security-first approach during the transition. Users need take no action, as existing positions and protocol functionalities will remain fully operational.
The acquisition was partly financed through Bluefin's relationship with SUI Group Holdings (NASDAQ: SUIG). Under an amended and restated digital currency loan agreement, SUI Group lent an additional 4 million $SUI to Bluefin, bringing total SUI on loan to 6 million. This supports Bluewater's acquisition of Suilend-related assets from Concurrent C, Inc. SUI Group also increased its revenue share to 11%, payable in $SUI, up from 5% under the original September 2025 agreement.
Sources:
Business Wire: SUI Group Expands Strategic Partnership with Bluefin
Crypto Briefing: SUI Group Lends Additional 4M SUI to Bluefin
KuCoin News: Bluewater Acquires Suilend and Its Products
SUI Group Holdings Limited, the NASDAQ-listed capital provider, just tripled its lending commitment to Bluefin. An additional 4 million SUI loan announced on June 25 brings the total facility to 6 million SUI, up from the original 2 million SUI established in September 2025.
SUIG’s revenue share jumps from 5% to 11%, paid in SUI.
What the deal actually funds The additional lending isn’t just Bluefin padding its balance sheet. The capital is earmarked to support Bluewater Labs Inc. in acquiring assets related to Suilend from Concurrent C, Inc.
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Suilend is the largest lending and DeFi platform on the Sui blockchain. SUIG is bankrolling a move to consolidate significant DeFi infrastructure under a single umbrella.
The partnership agreement runs through September 2028, with options for extension by mutual consent.
SUIG’s position in the Sui ecosystem SUIG reportedly held over 100 million SUI in its treasury as of September 2025. Lending out 6 million SUI represents roughly 6% of the reported holdings.
The initial partnership with Bluefin dates back to September 2025, when the first 2 million SUI loan was structured. Nine months later, the facility has tripled.
SUIG underwent a rebranding from Mill City Ventures III, Ltd. in 2025 and is the only public company with an official relationship with the Sui Foundation.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sui představil prototyp Seal MPC, který umožní AI agentům platit a obchodovat onchain bez přístupu k privátním klíčům. Nabídky mají zůstat skryté až do okamžiku odhalení, aby byla soutěž mezi agenty férová.
The problem with AI agents handling money has always been the same: give an agent access to a wallet and you’ve handed it the keys to the kingdom. Mysten Labs thinks it has a better way.
Sui Network has unveiled a prototype built on its Seal multi-party computation system that allows AI agents to participate in onchain markets and execute payments without ever receiving or controlling private keys. The Seal MPC system commenced its rollout on Sui’s testnet around June 19, 2026, building on a decentralized key server prototype that first went live on testnet in March of the same year.
What Seal MPC actually does Seal sidesteps the private key problem entirely. Instead of handing an agent a private key, the system routes transaction authorization through MPC committees, groups of independent nodes that collectively approve or deny a transaction without any single party ever assembling the complete key. The agent proposes, the committee decides, and no individual node can act unilaterally.
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Authorization isn’t arbitrary either. Sui’s on-chain Move smart contracts enforce human-readable spending policies automatically, covering things like daily caps, approval thresholds, and counterparty restrictions. An agent can’t simply decide to wire funds to an unknown address if the policy says otherwise. The contract enforces the rule before the transaction ever goes through.
Fair competition in onchain markets Beyond payments, Sui’s official announcement highlighted a second application: fair competition between AI agents in onchain markets.
Seal’s cryptographic architecture allows agents to submit bids that remain completely hidden until a synchronized reveal. No agent can observe a competitor’s strategy before committing to its own. The reveal happens simultaneously for all parties, enforced by the protocol rather than by any single trusted party.
Mysten Labs has been deliberate about the sequencing here. The decentralized key server prototype launched in March 2026, giving the ecosystem time to evaluate the infrastructure before the fuller MPC system arrived in June. Audits and validations are required before real funds flow through the system at scale.
What this means for Sui’s broader AI infrastructure play Seal doesn’t exist in isolation. Mysten Labs has been assembling what it describes as a programmable access layer for AI agents on Sui, with Seal sitting alongside tools like Walrus, Sui’s decentralized storage solution, and encrypted messaging capabilities.
SUI serves as the native gas token for the network, meaning any increase in transaction volume from AI agent activity translates directly into demand for the token.
The risks are real. MPC systems have their own attack surface, particularly around the coordination of committee nodes and the potential for collusion. The requirement for audits before live transaction handling reflects genuine technical stakes. A flaw in the authorization flow doesn’t just affect one wallet, it affects every agent and policy running on the same infrastructure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Scallop oznámil strategické partnerství s DWF Labs, které má posílit likviditu tokenu Scallop na centralizovaných burzách i OTC trhu. DWF Labs bude hlavním poskytovatelem likvidity.
Scallop, a pioneering Next Generation peer-to-peer Money Market for the Sui ecosystem, has announced a significant milestone in its journey. The platform has secured a strategic partnership with DWF Labs, a leading new generation Web3 investor and one of the world’s largest high-frequency cryptocurrency trading entities. This collaboration signifies a major step forward for Scallop, as it aims to enhance its efforts in expanding DeFi adoption.
Enhanced Liquidity and Market Visibility As part of the partnership, DWF Labs will act as Scallop’s principal liquidity provider across various centralized exchanges and support over-the-counter (OTC) trading activities.
The primary objective of this collaboration is to bolster the liquidity of the Scallop token on a global scale. Leveraging DWF Labs’ extensive expertise and network of relationships with trading platforms and exchanges, Scallop is poised to elevate its market visibility and expand its ecosystem significantly.
This strategic alliance not only strengthens Scallop’s position in the DeFi space but also extends its reach into the institutional market. By promoting adoption among institutional investors, Scallop aims to establish itself as a key player in the broader cryptocurrency landscape. The investment from DWF Labs will accelerate the execution of Scallop’s roadmap, enabling the team to fulfill its commitments to the community and explore new ventures.
About DWF Labs and Scallop DWF Labs, known as the new generation Web3 investor and market maker, is among the largest high-frequency cryptocurrency trading entities globally. The entity engages in spot and derivatives markets across over 60 top exchanges, bringing extensive experience and market insights to its partnership with Scallop.
Scallop, on the other hand, stands as the first DeFi protocol to receive an official grant from the Sui Foundation. Positioned as a Next Generation peer-to-peer Money Market for the Sui ecosystem, Scallop aims to revolutionize DeFi by providing innovative financial solutions and fostering broader adoption.
With the support of DWF Labs and its commitment to expanding DeFi accessibility, Scallop is poised to make significant strides in its mission to reshape the future of decentralized finance. As the partnership unfolds, investors and enthusiasts can expect to see exciting developments that contribute to the growth and sustainability of the Scallop ecosystem.
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Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
The Sui Network (SUI) has achieved a remarkable milestone, temporarily surpassing a total value locked (TVL) of $1 billion, marking the highest level in its history. According to the DeFi data platform DefiLlama, this growth was recorded as of September 19. The Sui Network continues to attract the attention of investors with its noteworthy performance in the cryptocurrency market.
NAVI Protocol and Scallop Lend Shine in TVL GrowthAmong the lending protocols operating on the Sui Network, NAVI Protocol has reached a TVL of $310.86 million, reflecting a weekly increase of 15.46%. NAVI Protocol stands out as one of the largest lending platforms in the Sui ecosystem, enabling users to securely lend various cryptocurrencies.
Scallop Lend has also recorded a significant growth of 20.83% this week, bringing its TVL to $140.55 million. This increase reflects the growing popularity of the protocol among users and its effectiveness in the lending market. Scallop Lend aims to attract more users on the Sui Network by offering innovative solutions to support lending activities.
Suilend and Continued Growth within the EcosystemThe Suilend platform has also made significant strides, increasing its TVL to $134.39 million, which corresponds to a weekly growth rate of 15.14%. Suilend allows users to lend and borrow various cryptocurrencies, enhancing liquidity within the Sui Network. The platform attracts users with its flexible lending terms and broad asset support.
The rapid current growth in the Sui Network highlights the increase in the number of DeFi projects supporting the development of the cryptocurrency market and the expansion of its user base. The rising TVL values of lending protocols particularly reflect investors’ confidence in the DeFi ecosystem. With its dynamic structure, the Sui Network aims to attract more investors and continues to expand its ecosystem.
In addition to its TVL growth, SUI coin has seen a 14.02% increase in the last 24 hours, currently trading at $1.36.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Scallop na Sui za posledních 24 hodin vykázal příjmy 79 920 USD a v DeFi lendingu je druhý za Aave. Tím potvrdil své vedoucí postavení v rámci ekosystému Sui.
[PRESS RELEASE – Singapore, Singapore, March 29th, 2025]
Scallop, a lending and borrowing protocol on the Sui blockchain, has recorded an impressive revenue of $79,920 over the past 24 hours, according to recent data from DeFiLlama. This achievement places Scallop second among all decentralized finance (DeFi) lending protocols, trailing only Aave, a well-established name in the sector. The milestone underscores Scallop’s growing prominence within the Sui ecosystem and the broader DeFi landscape.
The Sui Ecosystem: A Foundation for Innovation
Sui, a high-performance Layer 1 blockchain launched in May 2023, has quickly emerged as a hub for scalable and efficient DeFi applications. Designed with a unique object-centric data model and powered by the Move programming language, Sui offers low transaction fees, high throughput, and robust security. These attributes have fueled significant growth in its DeFi ecosystem, with Total Value Locked (TVL) surpassing $2 billion in early 2025, as reported by DeFiLlama. The blockchain’s ability to process transactions in parallel and achieve instant finality has attracted developers and users alike, positioning Sui as a competitive player alongside established networks like Ethereum and Solana.
The Sui Foundation, the organization driving the blockchain’s development, has played a pivotal role in nurturing innovative projects. Scallop stands out as the first DeFi protocol to receive an official grant from the Sui Foundation, a testament to its strategic importance within the ecosystem. This support, combined with backing from prominent industry players such as CMS Holdings, 6th Man Ventures (6MV), UOB Venture Management, and notable individuals like Dingaling, Pentoshi, and Virtual Beacon, has provided Scallop with a strong foundation for growth.
Scallop Protocol: Redefining Lending on Sui
Scallop Lend is a peer-to-peer money market protocol built on Sui, offering users a platform to lend and borrow digital assets with institutional-grade features. Since its token generation event (TGE) a year ago, Scallop has established itself as the top lending and borrowing protocol on Sui, boasting a TVL of approximately $130.27 million as of March 29, 2025. This figure reflects a notable 34% increase over the past seven days, highlighting sustained user confidence and adoption. The protocol’s total deposits and collateral currently stand at $187 million, with cumulative revenue reaching $3.94 million. The protocol’s total deposits and collaterals have now surpassed $200 million, a significant milestone that reinforces Scallop’s position as the leading money market on Sui.
Users can Supply and Borrow with Scallop here: https://app.scallop.io Scallop’s design emphasizes accessibility, security, and user experience. It separates lent assets from collateral to enhance resilience and employs a vote-escrow (ve) model to incentivize borrowing activity. Under this model, users who stake Scallop’s native token, $SCA, can access higher yield rewards. To date, the community has locked more than 27 million $SCA tokens—over 10% of the total supply—for an average duration of 3.72 years, signaling strong long-term commitment to the protocol.
In the past three days, Scallop has expanded its offerings by listing the Walrus token and partnering with Binance Wallet to host a yield-focused activity. These developments reflect Scallop’s ongoing efforts to diversify its ecosystem and enhance value for users.
A Competitive Force in DeFi Lending
Scallop’s recent 24-hour revenue of $79,920 positions it as a formidable contender in the DeFi lending space, trailing only Aave, a protocol with a long-standing presence on Ethereum and other chains. With a focus on scalability and innovation, Scallop leverages Sui’s technical advantages to deliver a seamless experience for lenders and borrowers. Its open-source framework has also enabled other projects within the Sui ecosystem to build on its infrastructure, further amplifying its impact.
As the Sui ecosystem continues to mature, Scallop’s performance suggests it is well-positioned to maintain its leadership in lending and borrowing. The protocol’s combination of strategic partnerships, community engagement, and robust metrics underscores its potential to shape the future of DeFi on Sui and beyond.
About Scallop
Scallop is the pioneering Next Generation peer-to-peer Money Market for the Sui ecosystem and is also the first DeFi protocol to receive an official grant from the Sui Foundation.
The protocol offers a range of financial services, including high-interest lending, low-fee borrowing, asset management, and automated market-making (AMM) tools, all on a single platform. Additionally, Scallop provides a software development kit (SDK) that enables professional traders to implement complex trades, including zero-interest loans easily. By emphasizing security and adhering to best practices, Scallop aims to reduce the risk of malicious behavior in the DeFi space, providing users with a trustworthy and reliable platform.
Sui Network spustila 8. června ve veřejné betě na Devnetu důvěrné převody, které skrývají částky a zůstatky, ale ponechávají adresy viditelné on-chain. Součástí je i selektivní zpřístupnění pro auditory.
Sui Network just rolled out one of the more interesting privacy features in the Layer 1 space: confidential transfers that hide how much you’re sending and how much you’re holding, while still leaving sender and receiver addresses visible on-chain.
The feature launched in public beta on Devnet on June 8, and it comes with a twist that makes compliance officers slightly less nervous: sender-controlled selective disclosure, meaning users can voluntarily open those envelopes for auditors when required.
What confidential transfers actually do The privacy model is deliberately partial, and that’s the point. Traditional privacy coins like Monero or Zcash go full opacity, hiding senders, receivers, and amounts. Sui is taking a different approach. Addresses stay visible. Only the transaction amounts and account balances get shielded.
This is a calculated design choice aimed squarely at a specific audience: token issuers, payment providers, treasury teams, and institutions that want financial privacy without abandoning the regulatory frameworks they’re required to operate within.
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The selective disclosure mechanism lets users decide when to reveal transaction details. A treasury team running payroll on-chain, for instance, could keep salary amounts private from the general public while still providing full transparency to auditors or regulators on demand.
Early partners and the institutional play Sui isn’t launching this in a vacuum. The network has already lined up early partnerships with Bridge, a stablecoin issuer and payments platform, along with compliance analytics firms TRM Labs and Merkle Science. All three are exploring integration opportunities with the confidential transfers feature.
This stands in contrast to how privacy features have historically been introduced in crypto. Most privacy protocols launched with a cypherpunk ethos first and worried about regulatory acceptance later, if at all. Sui is inverting that sequence, building the compliance hooks directly into the privacy architecture.
What developers need to know Here’s the thing: this is a Devnet beta, not a production release. The feature is currently unaudited and explicitly not production-ready. It exists for developer testing through SDKs and open-source repositories.
Sui has indicated that a Testnet launch is targeted for later in 2026, which would represent the next step toward eventual mainnet deployment.
What this means for investors The market reacted with cautious enthusiasm. The SUI token rose nearly 5% following the announcement, a modest but meaningful bump for what is still a Devnet-stage feature.
The risk profile is equally important to consider. Privacy features in crypto carry regulatory scrutiny by default. The US Treasury’s sanctioning of Tornado Cash in 2022 demonstrated that privacy tools on blockchains can attract aggressive government action. Sui’s selective disclosure mechanism is designed to preempt those concerns, but regulators haven’t weighed in on this specific implementation yet.
There’s also execution risk. Moving from a Devnet beta to a production-grade privacy system involves navigating complex cryptographic audits, and any vulnerability discovered during that process could delay the timeline significantly. The feature being unaudited at this stage is normal for early development, but it means the path to mainnet is still long and uncertain.
The partnerships with Bridge, TRM Labs, and Merkle Science suggest real commercial interest, not just theoretical demand. Whether that interest converts into meaningful on-chain activity will depend on how smoothly Sui navigates the Testnet phase and eventual security audits.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sui za 30 dní zpracovalo zhruba 65 miliard USD ve stablecoinech bez poplatků po květnové aktualizaci, která zrušila nutnost držet $SUI pro převody. Nynější nabídka stablecoinů na síti je asi 472 milionů USD.
@SuiNetwork cleared roughly $65 billion in stablecoin transfers over the past 30 days, all without charging a single fee. The volume surge follows a May protocol update from Mysten Labs that zeroed out transfer costs and removed the requirement to hold $SUI to move funds on-chain, according to data from blockchain security firm CertiK.
What Changed and Why It Matters The upgrade is a permanent, protocol-level change, not a temporary subsidy. It removes what Mysten Labs describes as one of the most persistent barriers to stablecoin adoption: the need to hold a separate gas token just to complete a transfer. Supported assets at launch include USDC, USDY, AUSD, FDUSD, USDB, USDsui, and suiUSDe.
The $65 billion figure needs context. Sui's standing stablecoin supply sits at roughly $472 million. The high transfer volume relative to supply suggests the same capital is cycling through the network rapidly, functioning as a payment rail rather than reflecting a large influx of new liquidity. CertiK has also reported that Sui has processed more than $2.27 trillion in total stablecoin volume since the start of 2024.
Mysten Labs co-founder and CPO Adeniyi Abiodun framed the case for zero-fee transfers plainly: "Stablecoins are becoming a core part of global finance, but the infrastructure around them still creates unnecessary complexity." He has previously argued that even a fraction-of-a-cent gas obligation forces businesses to maintain token reserves, build separate payment logic, and manage an additional asset, overhead that compounds at scale.
Enterprise Integration and the Road Ahead Fireblocks, the institutional digital asset platform that secures more than $14 trillion in transactions, integrated the feature ahead of the broader rollout. Mysten Labs is pitching Sui as a settlement layer for businesses and AI agents, where automated systems can route payments along the cheapest, most frictionless path available. The primary focus is business-to-business payments and high-frequency microtransactions, though retail users benefit from the change as well.
Sources:
Sui Blog: Sui Launches Gasless Stablecoin Transfers With Support From Fireblocks
CoinTrust: Sui's Gasless Stablecoin Push Drives Massive Transaction Growth
Bitcoin.com News: Sui Blockchain Registers $65 Billion in Stablecoin Volume
Remi spouští na Sui první bankou emitovanou, regulovanou stablecoinovou infrastrukturu s bilančním zachycením. Podporuje převody e-money tokenů EUB a USB vydaných Bison Bank přes Bison Bank a partnerské banky.
Remi's compliance-native interbank clearing and settlement network enables real-time settlement with balance-sheet treatment for participating financial institutions, simplifying and expanding global payments
Main Takeaways
Remi is bringing the first bank-issued, regulated stablecoin infrastructure on Sui with balance-sheet treatment, supporting transfers of Bison Bank-issued EUB and USB e-money tokens through Bison Bank and participating partner banks.The infrastructure is designed for institutional financial workflows, fully aligned with MiCA, FATF standards, and Basel Committee requirements, expanding regulated institutional payment capabilities on Sui.Remi Technology, a global cross-border clearing and settlement infrastructure provider, today announced an integration with Sui, the next-generation Layer 1 blockchain where money moves as freely as messages, to launch the first bank-issued, regulated stablecoin infrastructure on Sui with balance-sheet treatment.
The infrastructure supports transfers of Bison Bank-issued EUB and USB, regulated stablecoins structured as MiCA-compliant e-money tokens, available through Bison Bank and participating partner banks across Europe, Asia, Latin America, the Middle East, and North America.
This opens a direct pathway for licensed financial institutions to move money across borders with speed, auditability, and compliance confidence through regulated banking relationships. Remi’s interbank clearing and settlement network is designed to bring stablecoin-based clearing into existing bank workflows, not around them.
For Sui, the integration marks another milestone as a high-performance infrastructure layer for compliant global payments. For Bison and its partner bank clients, this means the same bank account they use for everyday transactions can also send and receive EUB and USB stablecoins on Sui without the need for an offshore custodian or separate crypto rails.
Sui's object-centric model and programmable infrastructure provide the foundation for exactly the kind of compliance-native design Remi has built. Stablecoins EUB and USB settle point-to-point in real-time at predictable costs. Direct issuance by regulated banks, balance-sheet treatment, and end-to-end compliance are embedded from the ground up, moving stablecoins from offshore assets into banks' core product and balance-sheet frameworks. Remi's integration with Bison Bank, an institution authorized and supervised by the European Central Bank, whose EUB and USB e-money tokens are fully regulated under MiCA, makes this the first bank-issued stablecoin structured with balance-sheet treatment and direct institutional backing on Sui.
“Remi has earned relationships with key regulated international banks, a step few fintech infrastructure providers have achieved,” said Adeniyi Abiodun, co-founder and CPO of Mysten Labs, the original contributor to Sui. “This move also affirms Sui’s mission to move money as freely as messages by scaling regulated bank partnerships, bringing our vision to a greater scale with Remi.”
Sui's architecture and performance are purpose-built for the infrastructure that institutional cross-border payments demand. Remi's network is built to meet MiCA, Financial Action Task Force (FATF) standards, and Basel Committee requirements, with smart contracts embedding risk-control systems and the FATF Travel Rule directly into every transaction. Messaging and interfaces are SWIFT-compatible, ensuring seamless adaptation across jurisdictions, meeting institutions exactly where they already operate.
“Institutions moving money across borders deserve infrastructure built to institutional standards,” said Sam Su, CEO of Remi. “Remi was designed from the ground up to meet the compliance requirements of major financial institutions, while Sui brings the blockchain capabilities to match.”
Since August 2025, Sui has surpassed $1 trillion in stablecoin transfer volume, and its stablecoin ecosystem continues to expand rapidly across institutional, retail, and developer use cases. Remi's infrastructure adds a significant new layer to that momentum: regulated, bank-grade clearing and settlement that reinforces Sui's position as the full stack for a new global economy.
For more information visit remitech.ai or bisonbank.com.
Sui Network se spojila s ChainTrust, aby do ekosystému přinesla AI nástroje pro AML kontrolu v reálném čase. Vývojáři tak získají screening adres a transakcí bez nutnosti externích řešení.
ChainTrust is bringing its real-time AML screening and risk intelligence tools to Sui Network, marking the Layer 1 blockchain’s latest move to bolster its compliance infrastructure. The integration pairs Sui’s high-throughput architecture with ChainTrust’s AI-driven monitoring capabilities, a combination designed to catch illicit activity before it metastasizes across the network.
ChainTrust Labs isn’t a household name, but its pedigree is hard to ignore. The company’s leadership team includes former Alipay executives with over 20 years of experience in AI and risk modeling. The firm’s product suite spans real-time address screening, transaction monitoring, and risk scoring, all powered by machine learning models trained on blockchain-specific data. ChainTrust currently serves more than 35 blockchains and claims a database covering over 1 billion digital assets.
By integrating these tools directly into Sui’s ecosystem, developers and protocols building on the network gain access to compliance screening without having to source and integrate third-party AML solutions independently.
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Sui’s growing compliance playbook This isn’t Sui’s first compliance-focused partnership. In January 2025, the Sui Foundation announced a collaboration with Chainalysis, the blockchain analytics giant, to enhance on-chain compliance and security. That partnership focused on tracking illicit activities across the network, with Chainalysis expanding its tracking capabilities for SUI tokens and other fungible assets on the chain.
The Chainalysis deal was primarily about surveillance and forensics: seeing what happened and tracing where funds went. ChainTrust’s integration appears oriented more toward prevention, screening transactions and addresses in real time before problems escalate.
Sui, developed by Mysten Labs, has positioned itself as a scalability-first Layer 1 with ambitions to attract institutional-grade applications.
Why AI-driven AML is becoming the standard Traditional AML systems work on predefined rules: flag transactions above a certain threshold, block addresses on a sanctions list. These approaches catch the obvious stuff but miss the creative stuff. AI models can detect anomalous patterns, cluster related wallets, and score risk dynamically based on behavioral signals that no human-written ruleset would capture.
ChainTrust’s Alipay heritage is particularly relevant here. Alipay processes billions of transactions and has spent years refining AI models for fraud detection in a high-volume, adversarial environment.
The risk to watch is execution. Integrating real-time screening without introducing latency or false positives that degrade the user experience is genuinely difficult. How ChainTrust’s models perform under Sui’s transaction throughput will be the real test.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Marlin Oyster se integroval s frameworkem Sui Nautilus a zpřístupňuje důvěrný výpočet na síti Sui bez nutnosti spravovat infrastrukturu TEE. Vývojáři tak mohou spouštět ověřitelné offchain výpočty s kryptografickým ověřením onchain.
Scaling Confidential Compute on Sui: Nautilus and Marlin Oyster Integration
Marlin Oyster has integrated with the Sui Nautilus framework. This integration removes the operational overhead of managing TEE infrastructure, making confidential compute accessible to every Sui builder.
Applications on Sui sometimes require forms of computation that are not suited to any blockchain. High-frequency trading bots, AI agents, and sophisticated game logic need processing capacity beyond what onchain environments are designed to provide. Blockchains excel at decentralized state, settlement, and consensus, but they are intentionally not built for scalable, long-running compute that modern backend systems rely on.
The solution is to move complex and sensitive logic offchain. This enables scale but introduces a trust problem: the offchain machine becomes an untrusted black box, vulnerable to tampering and difficult to verify.
Hardware-Backed Trust with TEEs
Trusted Execution Environments (TEEs) address this challenge. A TEE, such as AWS Nitro Enclaves prevents tampering through memory isolation, restricted I/O, and cryptographic measurement (PCRs), and the TEE generates a cryptographic attestation proving exactly what binary is running inside. TEEs provide a practical way to balance performance, confidentiality, and verifiability for offchain workloads.
Nautilus: Foundational Confidentiality on Sui
Sui's Nautilus framework enables verifiable offchain computation. Developers can delegate complex tasks to an offchain TEE while maintaining cryptographic trust onchain through reproducible builds and verifiable attestation. Nautilus provides the foundation for verifiable offchain computation on Sui, enabling secure and attestable interactions between TEEs and Move smart contracts.
Marlin Oyster: Simplifying Access
With the integration, developers can access confidential compute without the operational overhead of managing AWS infrastructure. Nautilus provides the cryptographic foundation for hardware-backed proof. Marlin Oyster provides the execution layer that transforms this into a decentralized marketplace.
How it works
The workflow follows four steps:
Build: Developers package their application into a Docker image. Deploy: Developers submit the job to the Oyster marketplace on Sui, paying with stablecoins. Compute: Registered Oyster operators detect the job submission, automatically provision a Nitro Enclave, and run the workload. Verify: The enclave generates a PCR measurement, which acts as a cryptographic fingerprint of the running code. Sui Move contracts can verify this fingerprint onchain. This workflow preserves the same cryptographic guarantees as a self-managed Nautilus deployment, since operators cannot tamper with enclave execution or attestation.
Even though Oyster operators provision and run the enclaves, they cannot alter the application logic inside. Security comes from the following properties:
Reproducible enclave builds ensure that the measurement (PCR) published on-chain corresponds exactly to the code developers expect. Hardware-backed attestation prevents operators from substituting or modifying binaries. Trust minimization is achieved because verification happens onchain, and the enclave’s identity is validated independently of the operator running it. Operational Comparison
Marlin plans to extend the workflow so that enclave registration and attestation verification can happen automatically onchain. This will let Sui applications confirm enclave identity and integrity without any direct interaction from developers.
By removing the operational complexity of managing TEEs directly, Nautilus and Marlin Oyster enable developers to build secure, attested offchain logic through a straightforward workflow. This opens new possibilities for verifiable AI, agentic automation, and applications that combine secure offchain execution with high-performance onchain coordination. Confidential compute on Sui is no longer limited to infrastructure experts. Developers can now focus on building innovative applications while retaining strong cryptographic guarantees for privacy and correctness.
Developers can start building today with a reference implementation that demonstrates a decentralized price oracle using Oyster enclaves. The demo shows how to fetch data securely, sign it within a Nitro Enclave, and verify the signatures onchain using PCR attestation: https://github.com/marlinprotocol/sui-oyster-demo
Follow our official social media channels to get the latest updates as and when they come out!
Cumberland, Fluid a SwissBorg se připojily k ekosystému Hashi na síti Sui před spuštěním globálního testnetu v červenci. Hashi má otevřít institucionální úvěrování kryté bitcoinem a další onchain produkty.
Grand Cayman, Cayman Islands, June 23rd, 2026, Chainwire
Sui aims to transition more of Bitcoin’s $1.2T market cap into verifiable, productive onchain products.
Hashi, Sui’s native bitcoin finance primitive, gains more institutional support ahead of the scheduled launch of its global testnet this July.
Sui, where money moves as freely as messages, announced today that Cumberland, Fluid, and SwissBorg have joined the Hashi ecosystem, Sui’s native bitcoin finance primitive, weeks ahead of its scheduled global testnet launch this July. The expanding coalition addresses a critical bottleneck in crypto: solving the persistent capital inefficiency by unlocking over a trillion dollars of immobile BTC into DeFi safely.
Previous market cycles demonstrated the systemic dangers of relying on opaque, centralized credit intermediaries such as Celsius, Voyager, and Genesis to generate utility from dormant assets. Hashi replaces centralized balance-sheet trust with verifiable smart contract logic.
But with a strict separation for safety by design, Bitcoin remains securely on the native Bitcoin blockchain. Sui smart contracts handle the cryptographic and programmatic rights to enable its use as financial collateral.
“Hashi was built to unlock the productive use of Bitcoin at a scale the industry hasn’t seen before,” Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui. “We believe Bitcoin will become one of the largest sources of collateral in finance as the world moves onchain, and Hashi provides the foundation to make that possible on Sui.”
Built for Institutional Bitcoin Finance
Hashi is a foundational primitive setting a new standard for how builders can create bespoke, Bitcoin-backed financial products with risk parameters and loan terms that are fully verifiable onchain. In just a few weeks’ time, institutions, custodians, wallet providers, and developers can begin freely testing the infrastructure that will support Bitcoin-backed lending, borrowing, and credit origination on Sui.
Expanded Institutional Support
Three new powerhouses join the growing Hashi ecosystem, broadening support for institutional liquidity providers, market makers, and digital asset platforms:
Cumberland: One of the digital asset industry’s largest institutional market makers, Cumberland joins the Hashi ecosystem to evaluate the protocol’s structural frameworks and prepare for eventual onchain liquidity provisioning. SwissBorg: A European wealth management app with over one million users, is exploring opportunities to connect its network of European high-net-worth Bitcoin holders and liquidity providers to Hashi, creating new pathways for Bitcoin-backed borrowing and lending. Fluid: A major DeFi lending protocol with a strong record of efficient, safe trades, is now building in preparation for mainnet institutional services. Fluid’s participation would provide institutional-grade lending markets and deepen access to Bitcoin-backed credit on Sui. These new builders join an industry-leading group of infrastructure providers, custodians, and DeFi protocols already working together to build a native Bitcoin financial ecosystem on Sui.
“Bitcoin is the world’s most liquid digital asset, but without native utility, it remains an off-chain asset,” said Paul Kremsky, Global Head of Business Development at Cumberland. “Hashi is exciting because it introduces a transparent, institutional-grade framework for BTC-backed credit that will replace synthetic workarounds with a product we are excited to use ourselves.”
“Our community has consistently sought native ways to lend and borrow against their Bitcoin,” said Cyrus Fazel, Founder & CEO at SwissBorg. “We’re thrilled to see Hashi delivering innovative solutions that make this a reality.”
“The next phase of the industry’s growth will come from bringing larger pools of capital onchain through infrastructure institutions can actually trust,” said Samyak Jain, Co-Founder & CEO at Fluid. “Hashi gets this right: Bitcoin stays on its native chain while verifiable contracts make it productive as collateral. Fluid’s lending infrastructure is built to turn that into deep, capital-efficient Bitcoin-backed credit markets on Sui.”
These additions expand the growing consensus of many partners announced earlier this year that Sui is where Bitcoin finance will take flight, thanks to Hashi:
Custody & Wallet Access
BitGo: Institutional custody clients. Blockdaemon, Cobo, Fordefi (by Paxos): Institutional wallet and infrastructure providers. Cubist: Cross-chain collateral infrastructure and transfer engine. Ledger: Retail/institutional self-custody. SwissBorg: UHNW European retail/institutional asset management and wallet interface. Lending, Trading & Liquidity Providers
Bullish: Institutional digital asset platform supplying liquidity. Cumberland: Leading institutional crypto market maker and liquidity provider. Erebor: OCC-chartered bank providing liquidity. FalconX: Institutional prime brokerage supplying liquidity. DeFi & Lending Applications
AlphaLend, Bluefin, Current, Scallop, Suilend: Native DeFi protocols enabling retail lending and borrowing on day one. Fluid: Connecting lending, borrowing, liquidity and more financial products into a capital-efficient system. Navi: One of Sui’s largest and longest running DeFi protocols slated for Hashi lending. Vaults & Asset Management
Concrete by Blueprint Finance: Yield-infrastructure vault platform. Inveniam Capital: Real-World Asset (RWA) yield strategies. Wave Digital Assets LLC: SEC-registered investment adviser working with industry partners to facilitate the issuance of Bitcoin-collateralized bonds. Index Oracle, Insurance & Security Auditing
CF Benchmarks: Crypto index provider distributing pricing data via oracles. Soter Insure: Native, Bitcoin-denominated institutional insurance. Asymptotic, Certora, OtterSec: Smart contract security and formal verification auditors. The activation of the global testnet this July represents the ultimate rehearsal for fully changing Bitcoin Finance. This sandbox environment is designed for institutional engineers, Sui protocols and developers, and custody partners to test integration parameters, stress-test the code under simulated market volatility, and verify cryptographic integrity ahead of mainnet release.
Technical documentation and testnet access configurations will be hosted at https://www.sui.io/hashi.
About Sui
Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for scalable finance and global payments. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and ownable. Sui’s primitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. Users can learn more at sui.io.
Cumberland, Fluid a SwissBorg se připojily k Hashi od Sui před červencovým spuštěním globálního testnetu. Projekt má na Sui otevřít institucionální BTC zajištěné půjčování a vypůjčování.
[PRESS RELEASE – Grand Cayman, Cayman Islands, June 23rd, 2026]
Sui aims to transition more of Bitcoin’s $1.2T market cap into verifiable, productive onchain products.
Hashi, Sui’s native bitcoin finance primitive, gains more institutional support ahead of the scheduled launch of its global testnet this July.
Sui, where money moves as freely as messages, announced today that Cumberland, Fluid, and SwissBorg have joined the Hashi ecosystem, Sui’s native bitcoin finance primitive, weeks ahead of its scheduled global testnet launch this July. The expanding coalition addresses a critical bottleneck in crypto: solving the persistent capital inefficiency by unlocking over a trillion dollars of immobile BTC into DeFi safely.
Previous market cycles demonstrated the systemic dangers of relying on opaque, centralized credit intermediaries such as Celsius, Voyager, and Genesis to generate utility from dormant assets. Hashi replaces centralized balance-sheet trust with verifiable smart contract logic.
But with a strict separation for safety by design, Bitcoin remains securely on the native Bitcoin blockchain. Sui smart contracts handle the cryptographic and programmatic rights to enable its use as financial collateral.
“Hashi was built to unlock the productive use of Bitcoin at a scale the industry hasn’t seen before,” Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, the original contributor to Sui. “We believe Bitcoin will become one of the largest sources of collateral in finance as the world moves onchain, and Hashi provides the foundation to make that possible on Sui.”
Built for Institutional Bitcoin Finance
Hashi is a foundational primitive setting a new standard for how builders can create bespoke, Bitcoin-backed financial products with risk parameters and loan terms that are fully verifiable onchain. In just a few weeks’ time, institutions, custodians, wallet providers, and developers can begin freely testing the infrastructure that will support Bitcoin-backed lending, borrowing, and credit origination on Sui.
Expanded Institutional Support
Three new powerhouses join the growing Hashi ecosystem, broadening support for institutional liquidity providers, market makers, and digital asset platforms:
Cumberland: One of the digital asset industry’s largest institutional market makers, Cumberland joins the Hashi ecosystem to evaluate the protocol’s structural frameworks and prepare for eventual onchain liquidity provisioning. SwissBorg: A European wealth management app with over one million users, is exploring opportunities to connect its network of European high-net-worth Bitcoin holders and liquidity providers to Hashi, creating new pathways for Bitcoin-backed borrowing and lending. Fluid: A major DeFi lending protocol with a strong record of efficient, safe trades, is now building in preparation for mainnet institutional services. Fluid’s participation would provide institutional-grade lending markets and deepen access to Bitcoin-backed credit on Sui. These new builders join an industry-leading group of infrastructure providers, custodians, and DeFi protocols already working together to build a native Bitcoin financial ecosystem on Sui.
“Bitcoin is the world’s most liquid digital asset, but without native utility, it remains an off-chain asset,” said Paul Kremsky, Global Head of Business Development at Cumberland. “Hashi is exciting because it introduces a transparent, institutional-grade framework for BTC-backed credit that will replace synthetic workarounds with a product we are excited to use ourselves.”
“Our community has consistently sought native ways to lend and borrow against their Bitcoin,” said Cyrus Fazel, Founder & CEO at SwissBorg. “We’re thrilled to see Hashi delivering innovative solutions that make this a reality.”
“The next phase of the industry’s growth will come from bringing larger pools of capital onchain through infrastructure institutions can actually trust,” said Samyak Jain, Co-Founder & CEO at Fluid. “Hashi gets this right: Bitcoin stays on its native chain while verifiable contracts make it productive as collateral. Fluid’s lending infrastructure is built to turn that into deep, capital-efficient Bitcoin-backed credit markets on Sui.”
These additions expand the growing consensus of many partners announced earlier this year that Sui is where Bitcoin finance will take flight, thanks to Hashi:
Custody & Wallet Access
BitGo: Institutional custody clients. Blockdaemon, Cobo, Fordefi (by Paxos): Institutional wallet and infrastructure providers. Cubist: Cross-chain collateral infrastructure and transfer engine. Ledger: Retail/institutional self-custody. SwissBorg: UHNW European retail/institutional asset management and wallet interface. Lending, Trading & Liquidity Providers
Bullish: Institutional digital asset platform supplying liquidity. Cumberland: Leading institutional crypto market maker and liquidity provider. Erebor: OCC-chartered bank providing liquidity. FalconX: Institutional prime brokerage supplying liquidity. DeFi & Lending Applications
AlphaLend, Bluefin, Current, Scallop, Suilend: Native DeFi protocols enabling retail lending and borrowing on day one. Fluid: Connecting lending, borrowing, liquidity and more financial products into a capital-efficient system. Navi: One of Sui’s largest and longest running DeFi protocols slated for Hashi lending. Vaults & Asset Management
Concrete by Blueprint Finance: Yield-infrastructure vault platform. Inveniam Capital: Real-World Asset (RWA) yield strategies. Wave Digital Assets LLC: SEC-registered investment adviser working with industry partners to facilitate the issuance of Bitcoin-collateralized bonds. Index Oracle, Insurance & Security Auditing
CF Benchmarks: Crypto index provider distributing pricing data via oracles. Soter Insure: Native, Bitcoin-denominated institutional insurance. Asymptotic, Certora, OtterSec: Smart contract security and formal verification auditors. The activation of the global testnet this July represents the ultimate rehearsal for fully changing Bitcoin Finance. This sandbox environment is designed for institutional engineers, Sui protocols and developers, and custody partners to test integration parameters, stress-test the code under simulated market volatility, and verify cryptographic integrity ahead of mainnet release.
Technical documentation and testnet access configurations will be hosted at https://www.sui.io/hashi.
About Sui
Sui, where money moves as freely as messages, is a next-generation Layer 1 blockchain built for scalable finance and global payments. Founded by the core team behind Meta’s stablecoin initiative and powered by an object-centric model, Sui makes assets, permissions, and user data programmable and ownable. Sui’s primitives offer builders everything they need to create high-performance payments and financial applications, including instant agentic payments. Users can learn more at sui.io.
TRUTH, nativní token agentické AI platformy Swarm Network, bude 1. října uveden na Binance Alpha a o 30 minut později i na Binance Futures. Při spuštění bude mít nabídku 10 miliard tokenů, z toho 2 % bude vyčleněno na airdropy.
TRUTH, the native token of the Agentic AI platform Swarm Network, is set to be listed on Binance Alpha and Binance Futures on Oct. 1.
Summary
TRUTH token will be available for trading on Binance Alpha and Binance Futures on Oct. 1. The total supply of TRUTH tokens will be set at 10 billion at launch, with 2% allocated for community airdrops. Binance Alpha, a spotlight section within the main Binance exchange, will be the first platform to feature the TRUTH token, with trading starting on Oct. 1 at 12:00 p.m. UTC.
Just 30 minutes later, it will be added to Binance Futures, allowing traders to speculate on TRUTH/USDT perpetual contracts with up to 50× leverage.
It should be noted that a listing on Binance Alpha or Binance Futures, or both, does not automatically guarantee a spot listing on the main exchange. However, tokens that perform well on these platforms and generate significant investor demand could potentially secure a spot listing on the main platform.
As part of the listings, Binance also revealed a TRUTH airdrop for eligible users based on the Alpha Points they’ve accumulated by participating in Binance Alpha events and campaigns. The total amount of tokens to be airdropped was not revealed at the time of writing.
According to its published tokenomics, the TGE will establish the total supply of TRUTH at 10 billion tokens, with around 20.85% of the supply expected to circulate at launch, with the rest subject to vesting schedules and lockups.
Out of the total, 2% of the max supply, or 200 million TRUTH tokens, are earmarked for airdrops. In addition, 700 million tokens have been allocated to exchanges and launchpads, and 500 million tokens are reserved for liquidity and market-making.
30% of the total supply is allocated to Agent Licenses, a mechanism that anchors participation in Swarm’s agentic AI ecosystem, while 25% is allocated to community reserves and the DAO treasury.
Other allocations include 10% for the Swarm team, 3% for advisors, and 8% for seed investors, while the rest is reserved for ecosystem incubation, to be unlocked gradually over four years.
What is Swarm Network? Swarm Network is an Agentic AI protocol that coordinates autonomous multi-agent systems to transform off-chain data into verifiable on-chain truth. By combining AI agents, cryptographic proofs, and decentralized collaboration, it provides a trust layer for digital and physical data.
Founded in 2024, the project developed the Truth Protocol, which enables agent swarms to validate information and record reliable outcomes on-chain. Developers can scale these swarms using no-code tools, while Agent Licenses allow participants to operate agents and earn rewards for contributing to the network’s data-validation economy.
Its native token, TRUTH, will power the ecosystem through governance, staking, transaction fees, agent operations, and community incentives.
The project is backed by Sui, Ghaf Capital, Y2Z Ventures, Brinc, and Zerostage, with funding rounds totaling $13 million in 2025 through strategic investment and NFT agent license sales.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
MemeFi před pátečním snapshotem nabízí hráčům trojnásobné odměny z partnerských kampaní, aby si zvýšili podíl na airdropu. Token má být spuštěn na síti Sui 22. listopadu.
Telegram tap-to-earn game MemeFi is gearing up to launch its token after multiple delays and a shift to the Sui network. With two days left before the game takes a snapshot of player activity to determine token allocations, the developers have announced a last-chance opportunity for players to juice their share of the drop.
Ahead of the snapshot on Friday, November 15, MemeFi players can earn triple the rewards from partnered earning campaigns within the game. That includes tasks like playing games from other Telegram developers, signing up for an account at crypto exchange OKX, or following specific crypto-centric community channels on the messaging app.
None of these tasks tie into MemeFi’s core tap-to-earn fighting gameplay, which sees you pummeling various meme-inspired enemies on your smartphone or tablet. However, they have been a big part of the overall MemeFi experience for months now.
In fact, the promotions have increasingly taken up more and more of the game interface in recent weeks as MemeFi’s developers apparently pack the game with connections to other companies and projects. But right now, at least, the partner promos could give players a late boost ahead of the airdrop.
MemeFi plans to launch its token on Sui on November 22, following this week’s snapshot. Originally, the game was building on Ethereum layer-2 network Linea, but said in late October that it would shift to Sui instead and work closely with network creator Mysten Labs to onboard players to the layer-1 ecosystem.
Linea, interestingly, is now gearing up to launch its own token. On Wednesday, a new nonprofit Linea Foundation was established, with plans to debut a token and hold an airdrop for early users sometime in Q1 2025.
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