Co-created by Mysten Labs: Sui will achieve zero transaction fees across the network and become a global commercial settlement layer for the AI smart economy

According to Twitter news, Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, delivered a keynote address at the 2026 Hong Kong Web3 Carnival. He said that the core members of the team are from Facebook and were responsible for launching Libra, a global payment network, with the goal of making transferring funds as easy as sending a message. He announced that Sui will be the first high-speed public chain to achieve zero transaction fees across the network. Regardless of the transfer amount from $0.0005 to $1 billion, there are no fees, covering all stablecoins such as USDC, USDT, and Sui Dollar.

In terms of privacy, Sui will provide bank-level on-chain privacy, use advanced cryptography to ensure that transaction history and balances are not viewed by third parties, while being fully compliant with regulatory requirements. In terms of revenue, he described Sui Dollar, which was launched in partnership with Stripe, and about 3.5% of the revenue generated will directly return to the online ecosystem and users rather than go to intermediaries.

He also released Hashi, a Bitcoin DeFi protocol for institutions, which allows holders of sovereign wealth funds, hedge funds, and ETFs to deploy Bitcoin to DeFi to obtain benefits without generating taxable events, and has been backed by legal advice from top US law firm Fenwick & West. Furthermore, Sui's deep on-chain order book DeepBook supports large-scale transactions to complete instant on-chain exchanges between assets such as BTC, gold, dollar, and euro with extremely low slippage.

In terms of the AI smart economy, he pointed out that Stripe estimates that the future will require the processing capacity of 1 billion transactions per second, while Sui uses the same scalable architecture as Google Search and Facebook infrastructure, and can scale to millions or even tens of millions of TPS as needed. The full-stack atomic composability provided by Sui is its core differentiating advantage, allowing agents to simultaneously execute multiple cross-app transactions and make one-time payments, which cannot be achieved on AWS, Google, or any existing Web3 platform. He also announced a partnership with RedotPay, which allows users to spend with Sui dollars at over 130 million merchants around the world and positions Sui as an alternative to SWIFT.