Sui, developed by Mysten Labs, has processed over $65 billion in gasless stablecoin transfers since June 10, 2026, removing fees that hinder blockchain payments. Co-founder Evan Cheng predicts Sui will handle every digital payment on the internet within four years, leveraging its infrastructure for stablecoins, remittances, and AI commerce. The network also launched the Hashi testnet to enable bitcoin-backed loans without wrapping tokens, expanding its reach into bitcoin's market. The next year will test if Sui can meet these ambitious goals amid token supply pressures and market skepticism.
The SUI cryptocurrency rose 3.40% within an hour on Binance, reaching $0.9072, signaling a short-term rebound. However, over the past 24 hours, SUI's price declined by 4.31%, showing a net daily loss. During the same hour, $50,000 worth of short posi...
The SUI token price increased by 7.02% over a four-hour period, reaching $0.8891 as of early October 30, despite a 1.93% decline over the full 24-hour period. This short-term price rise contrasts with the overall daily drop, reflecting market volatil...
The SUI cryptocurrency token fell 7.75% within four hours to $0.8492 on Binance, extending its 24-hour decline to over 10%. During the same period, liquidations of long positions across Binance, Bybit, and OKX totaled $1.85 million, with no short pos...
The SUI cryptocurrency fell 6.02% in four hours to $0.8797 on Oct. 29, extending its 24-hour loss to 7.04%. The decline reflects a drop from $0.9361 earlier that day. Liquidations on Binance, Bybit, and OKX showed $20,000 in long and $60,000 in short...
Mysten Labs' Slush wallet for the Sui blockchain now allows users to pay gas fees using stablecoins for a wide range of actions including swaps, staking, deposits, withdrawals, sends, and payments. This update, rolled out in two stages during October...
