Mysten Labs Co‑Founder Says Sui Aims To Become Default Network for Moving Money

• $SUI processed over $1 trillion in stablecoin volume since August 2025, according to Mysten Labs co-founder Adeniyi Abiodun.
• Abiodun announced fee-free transfers and private payments are coming this year, positioning the network as the default infrastructure for moving money.
• $SUI faces scrutiny over two technical outages in recent months, and its token trades around $0.99, 81% below its all-time high.

Mysten Labs stated that the $SUI network processed over $1 trillion in stablecoin volume since August 2025. The figure was revealed by Adeniyi Abiodun, co-founder of the company, during an interview with The Block at the Consensus 2026 conference. The executive used the announcement to position Sui as the default network for moving money, with concrete plans to launch fee-free transfers and private payments before the end of the year.

Abiodun connected those ambitions to the original mission of the Libra and Diem projects at Meta, where the founding team of Mysten Labs comes from. To illustrate the failures of the traditional financial system, he cited the example of a $100 transfer to Nigeria that carries $35 in fees, describing that cost structure as an unacceptable limitation.

$SUI Works on Post-Quantum Solutions

The co-founder also questioned the full-transparency model of existing public ledgers. He argued that users should not be forced to accept that their financial accounts carry the public exposure of a social network, in direct reference to the visibility of wallets on conventional public blockchains.

On the automation of activity, Abiodun noted that artificial intelligence agent systems already account for over 80% of internet traffic, based on his experience at Facebook. He predicted that money movement will follow the same pattern and described agentic flows as the definitive use case for cryptocurrencies. Sui’s storage layer, he explained, would allow encrypted intent to be included alongside transactions, enabling the development of future dispute resolution mechanisms when agents act incorrectly.

Sui is also working on post-quantum resistance, with signatures already in testing on its testnet and a launch planned ahead of European Union mandates projected for 2030. Abiodun also offered to open-source Mysten’s quantum research and coordinate with the Bitcoin ecosystem, though he warned that ecosystem will address the problem slowly and imprecisely despite the risk it poses to trillions of dollars in assets.

Growth and Its Operational Costs

Despite a 200% increase in developer activity, Sui recorded two significant technical outages: one in November 2024, caused by a bug in transaction scheduling logic that triggered a failure loop among validators, and another in January 2026, when the mainnet halted for hours due to a divergence in consensus processing. The $SUI token trades around $0.99, approximately 81% below its all-time high of $5.35 reached in January 2025.