Mysten Labs (the development entity behind SUI) co-founder Evan Cheng says every digital payment on the internet will run through Sui within four years, and the network’s 2026 numbers are already backing up the bet.
Key Takeaways
Mysten Labs’ Evan Cheng predicts Sui will carry all digital payments within four years.Sui has moved more than $65 billion in gasless stablecoin transfers since June 10,.Sui’s Hashi testnet, live since July 22, lets bitcoin collateralize loans unwrapped.But Cheng has made a habit of putting forth Sui’s roadmap in infrastructure terms rather than trading terms, telling reporters earlier this year that current web3 infrastructure is still stuck in what he called the dial-up era.
Mysten Labs, the Sui development studio Cheng leads as chief executive, was founded in 2021 by a group of engineers who previously built Meta’s abandoned Diem blockchain and its Move programming language. That pedigree in payments infrastructure is central to how Cheng pitches Sui’s endgame, which is not as a venue for speculative trading, but as settlement plumbing for stablecoins, remittances and eventually agentic commerce between AI systems.
Fellow Mysten Labs co-founder Adeniyi Abiodun put things even more bluntly earlier this year, writing that the entire internet is about to get free payments with privacy at scale as the network’s confidential-transaction features roll out.
Whether Sui becomes the rail for “every payment on the internet” or captures a smaller, still-meaningful slice of stablecoin and cross-border settlement remains to be seen. The next year of gasless-volume data and Hashi bridge adoption will be the clearest test of whether Cheng’s four-year clock is realistic or just marketing push from a founder with immense skin in the game.
