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Mysten Labs co-founder Sui: Stablecoin trading volume has surpassed $1 trillion since last August.

According to Odaily Odaily, Mysten Labs co-founder Adeniyi Abiodun stated during Consensus 2026 that the Sui network has processed over $1 trillion in stablecoin transactions since August of last year and plans to launch zero-fee stablecoin transfers and privacy payment features. Abiodun stated that Sui aims to become the "default network for future fund flows," arguing that current traditional cross-border payment systems are too expensive; for example, transferring $100 to Nigeria might incur a $35 fee. The future financial system should not be as entirely public as social media, requiring stronger privacy protections for users. Sui is developing a storage layer that supports encrypted transaction intent to accommodate AI agent-driven automated payments and future refund and fraud handling mechanisms. Furthermore, Sui is currently testing quantum-resistant signature technology on its testnet, aiming to complete deployment before the EU's quantum security requirements are met by 2030. Abiodun also expressed willingness to coordinate with the Bitcoin ecosystem and open-source related research. However, SUI has recently faced technical stability challenges, with its mainnet experiencing several hours of downtime in January 2026. Currently, SUI is priced at approximately $0.99, a drop of about 81% from its all-time high of $5.35 reached in January 2025. (The Block)
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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07-04 08:50

The sanctioned ruble-based stablecoin A7A5 claims daily trading volume exceeding 100 million, but companies like TRM Labs and Elliptic question the accuracy of this data.

PANews reported on July 4th that, according to CoinDesk, the sanctioned ruble-pegged stablecoin A7A5 is embroiled in a heated dispute with a blockchain analytics firm over its actual usage and trading volume. A7A5 claims that cryptocurrency data providers underestimate its trading activity, while the blockchain analytics firm states that trading volume for this ruble-backed token has declined significantly this year. The A7A5 issuer claims that it processed a total of $34.4 billion between January 1st and June 17th, 2026, with an average daily trading volume of approximately $205 million, primarily driven by DeFi activity. However, TRM Labs believes that A7A5's average daily trading volume is closer to $75 million, and that trading activity has declined in recent months.

07-07 00:44Important

Data: USDC leads USDT in stablecoin trading volume, with monthly trading volume hitting a new high.

According to Odaily from Visa's on-chain data platform, USDC has widened its lead over USDT in stablecoin trading volume in the first half of 2026. Data shows that adjusted stablecoin trading volume rose to $1.79 trillion in June, a 63% increase from May and a 125% increase from June 2025, setting a new record. Visa's statistics exclude non-real economic activities such as bot trading and internal exchange transfers. The total transaction volume of stablecoins reached $8.82 trillion in the first half of the year, exceeding the $5.8 trillion level for the whole of 2024, but still lower than the record $10.8 trillion in 2025. Structurally, USDC accounted for approximately 70% in the first half of 2026, while USDT accounted for approximately 25%, indicating a significant shift in market share towards compliant stablecoins. Analysis indicates that as banks and institutions increasingly use stablecoins for settlement and fund management, including institutions like Standard Chartered and BNY Mellon accelerating their integration into the USDC ecosystem, the stablecoin infrastructure is entering a phase of institutional expansion. (CoinDesk)

07-06 14:02

Data: Stablecoin trading volume hit a record $1.79 trillion in June, a 63% increase month-over-month.

According to a report by Cointelegraph, data from payment giant Visa shows that stablecoin trading volume reached $1.79 trillion in June, a 63% increase from $1.1 trillion in May, surpassing the previous record of $1.78 trillion set in February of this year, and representing a 125% year-on-year increase. USDC dominated with a trading volume of $1.21 trillion, accounting for approximately 67%; USDT trading volume was $576 billion, accounting for approximately 32%. At the network level, Base ranked first with $565 billion (31.5%), followed by Ethereum ($562 billion), and Tron ranked third ($320 billion). Analysts believe that despite the bear market in the crypto market, the continued growth in stablecoin trading volume demonstrates its increasing importance in practical applications such as payments, DeFi, and cross-border transfers.

07-08 13:29Important

RWA perpetual contract trading volume surpassed $100 billion for the first time in June, setting a new record.

PANews reported on July 8 that, according to Cointelegraph, DefiLlama data shows that RWA perpetual contract trading volume exceeded $100 billion for the first time in June, setting a new record.

07-08 20:33

Report: TradeFi contract trading volume accounted for 11% of total contract trading volume in the first five months of 2026.

According to a recent stablecoin industry report released by Binance Research on July 8th, in the first five months of 2026, TradeFi-related perpetual contracts accounted for approximately 11% of the total perpetual contract trading volume, with a cumulative trading value exceeding $1.1 trillion. Binance's trading value exceeded $500 billion, representing a market share of approximately 47%.

07-06 13:08

Analysis: Bitcoin rebounded, but spot trading volume shrank rapidly, and the risk of a squeeze on long positions in derivatives is accumulating.

According to BlockBeats, on July 6th, crypto analyst Murphy pointed out that during Bitcoin's rebound from $58,000 to nearly $64,000, spot trading volume declined rapidly. A rebound lacking support from spot demand is unlikely to form a trend reversal and is often just a sentiment-driven correction; the sustainability of the rebound needs to be monitored. On the positive side, the USDC/USDT exchange rate fell from 1.001 to 1.0006, indicating a weakening of exit intentions and a recovery in trading intentions. While major stablecoins on trading platforms are still experiencing net outflows, the outflow rate continues to narrow, and the marginal improvement in funding pressure supports the continuation of the rebound. However, the weakening of spot driving force means a relative increase in the weight of derivatives. The 7-day average of the perpetual contract long premium has continued to rise to $160,000/hour, indicating that Taker buying continues to push perpetual prices above spot prices; although open interest has decreased, it is still significantly higher than the level in February of this year. The current long premium is still within the normal range, but as the rebound continues, the risk of long squeeze will continue to accumulate. Once the open interest rebounds again, the fierce battle between long and short positions will make the volatility come faster and more rapidly. This is a hidden danger that needs to be paid attention to in advance.