Mysten Labs: Sui stablecoin trading volume surpasses $1 trillion, privacy transactions to launch this year

Mysten Labs co-founder and Chief Product Officer Adeniyi Abiodun said in an X post on May 11 that the Sui network will roll out confidential transactions this year, enabling large-scale, free, privacy-protecting payments. Abiodun also disclosed that, since August 2025, Sui has processed more than $1 trillion in stablecoin transaction volume.

Confidential Transactions and Zero-Fee Stablecoin Transfer Plan

According to a report by The Block, Abiodun is positioning Sui as the “default network for fund transfers in the future,” and is using zero-fee stablecoin transfers and confidential payments as the path to realizing that goal. In the interview, he said that a traditional bank payment system requires a $35 fee to make a $100 cross-border transfer to Nigeria, and he noted that consumers’ expectations for financial privacy are changing—users should not be forced to accept the public, transparent reality of “bank accounts that look like X.”

Abiodun said the Mysten Labs team traces its origins to Meta’s Libra and Diem projects, and this rollout of confidential transactions and zero-fee transfers is an extension of the original mission.

According to The Block report, regarding the proxy-driven transaction flow, Abiodun said that based on his experience at Facebook, automated systems already account for more than 80% of network traffic. He predicted that the movement of funds would follow the same pattern, and called proxy workflow a “killer” application scenario for cryptocurrencies. Sui’s storage layer allows users to bundle encrypted intent with transactions, supporting a dispute resolution mechanism when future AI agents exhibit erroneous behavior.

Post-Quantum Security Setup and Network Technical Records

According to The Block report, Sui is currently testing post-quantum signing technology on testnet, aiming to complete deployment before the EU’s planned quantum-safe mandatory regulations in 2030. Abiodun said he is willing to “coordinate with the Bitcoin ecosystem,” and open-source Mysten’s quantum research, while also pointing out that Bitcoin’s response speed to this threat might be “very slow and somewhat inconclusive.”

In terms of developer activity, Abiodun said Sui developer activity has grown by 200%, attributing it to differentiated features such as on-chain market making and atomic multi-transaction submissions. However, according to publicly available records, the Sui mainnet shut down for several hours in January 2026 due to internal disagreement during the validator consensus processing. In November 2024, there was also a major outage of about three hours triggered by a flaw in the transaction scheduling logic that caused a validator crash loop.

SUI Token Market Performance

According to data from analytics trackers CoinsLytic and CoinGecko, on May 11, 2026 (Monday), the SUI token rose by about 31% over the past 24 hours, and the latest trading price has returned above $1.40. CoinGecko noted that SUI, Sweat Economy (SWEAT), and Zano (ZANO) are “for the first time in a while” all simultaneously entering its top five hot coin rankings.

Trader Ivan Ljekvišt wrote in a blog post on Sunday about this round of momentum, saying: “Since turning bullish from the hourly chart, SUI is up nearly 30%. The past 7 to 10 days have been like heaven for traders doing short-term intraday trades in altcoins.”

FAQ

When will Mysten Labs launch confidential transactions on Sui?

According to a post by Mysten Labs co-founder Adeniyi Abiodun on X on May 11, 2026, and an interview at the Consensus 2026 conference, the confidential transaction plan is set to be launched on the Sui network during 2026, aiming to enable large-scale, free payments with privacy protection.

What is Sui’s stablecoin transaction volume since August 2025?

According to disclosures by Abiodun during an interview with The Block at the Consensus 2026 conference, since August 2025, the Sui network has processed more than $1 trillion in stablecoin transaction volume.

What major outage events have occurred previously on the Sui mainnet?

According to publicly available records, the Sui mainnet experienced an outage for several hours in January 2026 due to internal disagreement during the validator consensus processing. In November 2024, there was also an outage of about three hours caused by a flaw in the transaction scheduling logic that triggered a validator crash loop.