Jun 17
Sui Stablecoin Transfers Hit $65 Billion After Gasless Fee Push
Sui reportedly processed about $65 billion in stablecoin transfers after a gasless fee update, but zero-fee activity may include heavy automated trading.
➤ Sui network reported processing $65 billion in stablecoin transfers within five days following a 'gasless' fee update. ➤ This update allows stablecoin transfers without users needing the native SUI token for gas fees, aiming to position Sui as a payments rail. ➤ While the high volume indicates network capacity, it may be inflated by automated trading and bots; sustained liquidity and application usage will be key indicators of true adoption.
