Adeniyi Abiodun, a co-founder of Mysten Labs, has announced that the Sui blockchain will introduce confidential transaction features to its users before the end of the year. As interest in privacy-focused solutions grows in the Web3 and blockchain space, Sui is stepping into the arena with its unique approach, allowing users to decide which transaction data remains private on the network.
Sui’s vision for privacy and swift payments
During his recent statement, Adeniyi Abiodun emphasized that Sui aims to become “the sole platform enabling private and free payments at scale for the entire internet.” Speaking at Consensus 2026, Abiodun explained that Sui intends to launch a new financial infrastructure, with zero-fee stablecoin transfers at its core.
Mysten Labs’ pivot towards privacy arrives at a time when investor interest is surging for privacy-centric blockchain projects. For instance, the price of Zcash has jumped more than 78% in the past month amid growing concerns about quantum threats to public blockchains and the expanding supply of shielded coins.
Meanwhile, sources close to the company report that Digital Asset Holdings, the developer of privacy-focused Canton Network, is looking to raise $300 million at a $2 billion valuation, in a funding round led by a16z Crypto.
Unlike its competitors, Sui is developing a system that lets users freely select which transactions will remain confidential, rather than automatically hiding all activity.
Sui network tops 1 trillion dollars in stablecoin transfers
The Sui blockchain has exceeded $1 trillion in cumulative stablecoin transaction volume since August 2025. According to DeFiLlama, the network’s decentralized finance protocols have a total value locked of $643 million, while stablecoin supply stands at nearly $571 million.
Abiodun highlights that much of the Sui team previously worked on Meta’s Libra and Diem initiatives. He points out how cross-border transactions still face exorbitant fees, noting, “Processing a $100 remittance to Nigeria can incur a $35 commission.”
Technical milestones, price trends, and upcoming plans
As Sui gears up for its privacy update, questions remain about the network’s technical resilience. In January 2026, a consensus mismatch among validators led to several hours of downtime. Similarly, a software bug in Sui’s transaction scheduler halted the network for three hours in November 2024.
Amid such incidents, the SUI token has posted notable gains in recent weeks. According to CryptoAppsy data, SUI is currently trading around $1.27, up more than 37% in just two weeks, having started May at $0.91. This rally was supported by the launch of SUI futures on regulated exchanges and news of the upcoming privacy upgrade.
Abiodun argues that advanced on-chain market-making and atomic multi-transaction capabilities, which are unique to Sui, have fueled the protocol’s growth. He also shared that post-quantum cryptographic signatures are now being trialed on Sui’s testnet as the ecosystem prepares for the European Union’s planned quantum-resistance regulations expected by 2030.
However, no exact launch date has been provided for the confidential transactions feature. It also remains unclear whether privacy support will extend to all token types or be limited to just stablecoin transactions.
