Mysten Labs Co-founder: Sui will enable zero-fee transfers across the entire network, becoming the global commercial settlement layer for AI intelligent agent economies.

ChainCatcher on-site report: Mysten Labs co-founder and Chief Product Officer Adeniyi Abiodun delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. He stated that the core team members come from Facebook, which previously launched the global payment network Libra, aiming to make fund transfers as simple as sending messages. He announced that Sui will become the first high-speed blockchain to achieve zero-fee transfers across the entire network, with no fees for transfers ranging from $0.0005 to $1 billion, covering all stablecoins such as USDC, USDT, and Sui Dollar.

In terms of privacy, Sui will offer bank-level on-chain privacy, utilizing advanced cryptography to ensure transaction history and balances are not visible to third parties, while fully complying with regulatory requirements. Regarding yields, he introduced Sui Dollar, developed in partnership with Stripe, which generates approximately 3.5% returns that will be directly reinvested into the network ecosystem and users, rather than flowing to intermediary institutions.

He also announced Hashi, a Bitcoin DeFi protocol aimed at institutions, allowing sovereign wealth funds, hedge funds, and ETF holders to deploy Bitcoin into DeFi to earn yields without triggering taxable events. Hashi has received legal support from top U.S. law firm Fenwick & West. Additionally, Sui’s on-chain deep order book DeepBook supports large transactions with minimal slippage for instant cross-chain exchanges of assets such as BTC, gold, USD, and EUR.

In the AI agent economy, he pointed out that Stripe estimates future processing capabilities will need to handle 1 billion transactions per second. Sui adopts a horizontally scalable architecture similar to Google Search and Facebook infrastructure, capable of expanding to hundreds of thousands or even tens of millions of TPS on demand. The full-stack atomic composability provided by Sui is its core differentiator, allowing agents to execute multiple cross-application transactions simultaneously and settle in a single step, something that cannot be achieved on AWS, Google, or any existing Web3 platform. He also announced a partnership with RedotPay, enabling users to spend Sui Dollars at over 130 million merchants worldwide, positioning Sui as an alternative to SWIFT.