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 said that the core team members came from Facebook, and had been responsible for launching the global payment network Libra. The goal is to make moving funds as simple as sending a message. He announced that Sui will become the first high-speed blockchain to achieve zero transaction fees across the entire network, with no fees required regardless of the transfer amount, ranging from 0.0005 US dollars to 1 billion US dollars, covering all stablecoins such as USDC, USDT, and Sui Dollar.

When it comes to privacy, Sui will provide bank-level on-chain privacy, using advanced cryptography to ensure that transaction history and balances cannot be viewed by third parties, while fully complying with regulatory requirements for compliant supervision. In terms of yields, he introduced Sui Dollar, developed in cooperation with Stripe; the approximately 3.5% yields it generates will be directly returned to the network ecosystem and users, rather than flowing to intermediary institutions.

He also released an institutional Bitcoin DeFi protocol called Hashi, allowing sovereign wealth funds, hedge funds, and ETF holders to deploy Bitcoin into DeFi to obtain yields without generating taxable events. It has already received legal opinions supported by top U.S. law firm Fenwick & West. In addition, Sui’s on-chain deep order book DeepBook supports large transactions with extremely low slippage to complete instant on-chain exchanges between assets such as BTC, gold, USD, and EUR.

In the AI agent economy, he pointed out that Stripe estimates that it will need processing capabilities for 1 billion transactions per second in the future, while Sui adopts a horizontally scalable expansion architecture at the same level as Google Search and Facebook infrastructure, allowing it to scale up on demand to million-level and even ten-million-level TPS. The full-stack atomic composability that Sui provides is its core differentiating advantage, enabling agents to simultaneously execute multiple cross-application transactions and settle them all at once, which cannot be achieved on AWS, Google, or any existing Web3 platform. He also announced a partnership with RedotPay, through which users can spend Sui Dollars at over 130 million merchants worldwide, positioning Sui as an alternative to SWIFT.