Cheng will remain CTO and personally lead a new AI business unit building agent infrastructure tied to Sui and Walrus.

The devnet implementation adds ML-DSA-65 account signatures. Native mainnet support is targeted for Q1 2027, subject to audits and testnet feedback.

DATA balances are slated to carry over one-for-one onto Sui, but support for validator staking and smart contracts on the chain formerly known as Story will wind down.

Sui’s DeFi liquidity also expanded, but more slowly than its token price, while a recent pullback interrupted the rally.

Bastion and Coinbase will custody the balances, while transfers to bank accounts in more than 60 countries will carry separate fees.

New deposits and loans are disabled, while Slush users are told to exit four strategies with immediate withdrawals.

The Layer 1's gasless stablecoin design pushed transfer throughput to nearly $65 billion since June 10, recasting Sui as a fee-free settlement rail for institutional and agentic payments.

The Sui Foundation's post-mortem ties two of three outages to an edge case in the v1.72 address-balances feature, and the third to a randomness-state bug exposed by an interim fix the team shipped knowing it carried halt risk.

The Layer 1 blockchain blamed two stoppages in as many days on its 1.72 upgrade and said validators have now deployed a permanent fix. SUI slid about 15% in the past seven days.

Co-founder Adeniyi Abiodun unveiled confidential transactions at Sui Live Miami, the same week SUI Group Holdings staked its entire $140M treasury.