$SUI just went live with confidential transfers on Devnet, letting users hide payment amounts and balances while keeping sender and receiver identities visible for compliance.
The protocol separates privacy from supply integrity, using its own enforcement to prevent unauthorized minting - a design lesson learned from the critical
$ZEC Orchard bug that allowed undetected counterfeit tokens.
Co-founder Adeniyi Abiodun revealed
$SUI has processed over $1 trillion in stablecoin volume since August, aiming to make a large share of those flows private by default. A testnet launch is planned for later this year.
$SUI trades near $0.99, roughly 81% below its $5.35 ATH, as developer activity surged 200% and the chain adds agent-centric payment tooling alongside privacy.