Sui Pushes $500M Hashi Bitcoin Rollout Toward Mainnet as Daily Transactions Top 13 Million
Published October 18, 2026, 10:00 PKT. Based on TokenPost's October 17, 2026 coverage (primary source), Binance public market data for SUIUSDT (primary data source), Pluang's October 17, 2026 coverage (secondary source), cryptonews.net's October 17, 2026 republication of coinfomania reporting (secondary source), a Binance Square official account post from October 17, 2026 citing Odaily (secondary source), and blockchain.news's October 17, 2026 market analysis (secondary source).
Sui's big Bitcoin bet is moving toward production. The Hashi coalition has committed more than $500 million to its Sui-based protocol ahead of a phased mainnet rollout planned for later in October, TokenPost reported on October 17, 2026, with more than 20 partners backing the effort to put idle Bitcoin to work in decentralized finance. SUI traded at about $0.98 on Binance at publication time, down 3.29% over 24 hours on roughly $32.8 million in spot volume, according to Binance public market data, with an intraday high of $1.0197 and a low of $0.9528.
The $500 million Hashi mainnet push
The headline figure is committed capital, not coins already deposited. TokenPost reported that the coalition backing Hashi's Sui-based protocol has now pledged more than $500 million, and that the figure does not show how much Bitcoin has actually been deposited so far. Hashi plans to bring its mainnet online in stages, TokenPost said, though no exact launch date has been announced. The coalition includes more than 20 partners, according to the report. The rollout follows Hashi's earlier testnet phase and a steady buildup of partners through the month. On-chain watcher activity backs the urgency: the Sui network processed 13.1 million transactions and recorded 157,000 unique daily senders on October 15, TokenPost separately reported on October 17, and a network snapshot that day showed throughput of 91.72 transactions per second with 330,000 transactions in the prior hour and 5.06 billion cumulative transactions.
How the Bitcoin vaults work
The design keeps Bitcoin itself on the Bitcoin blockchain. TokenPost described the flow: users send BTC to an address managed by Hashi, and after the Bitcoin network confirms the deposit, Hashi creates a Sui-side representation of that Bitcoin for use in Sui applications. Withdrawals burn the Sui-side representation before the original BTC is returned to a Bitcoin address. No single operator can move the funds alone, because Hashi's committee shares control of the keys. Pluang, in its own October 17 coverage, noted that the network's contracts maintain cryptographic links to Bitcoin so security stays anchored to the Bitcoin blockchain rather than replacing it, and said Sui had introduced Agent Payments, a system that lets autonomous agents pay Alibaba Cloud services in USDC with preset spending limits. That builds on Sui's Alibaba Cloud cooperation announced October 7, which would let users set budgets for AI agents to buy cloud and AI capacity through the payments system, TokenPost noted, adding that no launch date or usage figures were disclosed for the cloud service.
Slush adds Halliday funding from 25 chains
The Sui wallet ecosystem is widening its on-ramp at the same time. The Slush wallet has integrated Halliday, allowing users to fund accounts with tokens from 25 blockchains or through payment methods including bank cards, bank transfers and Apple Pay, according to an October 17 post from a verified Binance official account on Binance Square citing Odaily. The post said Sui announced on X that users can receive SUI or USDC in Slush and tap "Buy" to start. The integration targets the same friction Hashi is trying to solve for institutions: cryptonews.net, republishing coinfomania's October 17 report, wrote that the Hashi protocol is designed to eliminate barriers that have previously hindered institutional participation, enhancing trust and efficiency in the process.
Price holds near $1 with launch in sight
SUI's price action has stayed contained while the catalysts stack up. Binance data showed the token changing hands at $0.982, down 3.29% over 24 hours, with the day's $1.0197 high and $0.9528 low framing a tight range on $32.8 million of quote volume. blockchain.news's October 17 analysis put the coin at $1.01 on Binance spot, down 3.13% over its measured 24-hour window on $41.2 million of volume, with the middle Bollinger Band (20-day SMA) at $1.11, the lower band at $0.98 and the upper band at $1.25, and SUI trading below its 7-day SMA of $1.04, EMA 12 of $1.06 and EMA 26 of $1.05, though above the 50-day SMA at $0.95 and the 200-day SMA at $0.86. The token sits roughly two weeks out from Hashi's expected mainnet window, with the exact date still unannounced.
This article is news reporting and is not investment advice.
Sources
- TokenPost, October 17, 2026, primary source: Hashi coalition committed more than $500 million to the Sui-based protocol ahead of a phased mainnet rollout planned for later in October; coalition includes more than 20 partners; figure does not show deposited Bitcoin; no exact launch date announced; users send BTC to a Hashi-managed address, Sui-side BTC representation created after Bitcoin network confirmation, withdrawals burn the representation before BTC returns to a Bitcoin address; Bitcoin remains on its own blockchain; Hashi committee shares key control; rollout follows earlier testnet phase and partner buildup; Alibaba Cloud cooperation announced October 7 would let users set budgets for AI agents to buy cloud and AI capacity through Sui Agent Payments, no launch date or usage figures disclosed
- Binance public market data, SUIUSDT, primary data source: last price $0.982, 24-hour change -3.29%, 24-hour high $1.0197, low $0.9528, 24-hour quote volume $32.8 million; hourly klines verified fresh as of October 18, 2026 04:00 UTC
- TokenPost, October 17, 2026, primary source: Sui network processed 13.1 million transactions and recorded 157,000 unique daily senders on October 15; network snapshot showed 91.72 transactions per second, 330,000 transactions in the prior hour, 5.06 billion cumulative transactions
- Pluang, October 17, 2026, secondary source: Sui Network announced over $500 million in institutional commitments for its DeFi protocols; contracts maintain cryptographic links to Bitcoin; Sui introduced Agent Payments, enabling autonomous agents to pay Alibaba Cloud services in USDC with preset spending limits
- Binance Square official account post, October 17, 2026, secondary source, citing Odaily: Slush integrated Halliday, allowing users to fund accounts with tokens from 25 blockchains or through payment methods including bank cards, bank transfers and Apple Pay; Sui said on X that users can receive SUI or USDC in Slush and tap "Buy" to start
- cryptonews.net republishing coinfomania, October 17, 2026, secondary source: Sui Network surpassed $500 million in institutional commitments to its DeFi protocols; Bitcoin blockchain remains central as Sui contracts hold cryptographic rights linked to Bitcoin; Hashi protocol designed to eliminate barriers that hindered institutional participation
- blockchain.news, October 17, 2026, secondary source (Peter Zhang): SUI at $1.01 on Binance spot, down 3.13% over 24 hours, $41.2 million volume; middle Bollinger Band (20-day SMA) at $1.11, lower band $0.98, upper band $1.25; below 7-day SMA $1.04, EMA 12 $1.06, EMA 26 $1.05; above 50-day SMA $0.95 and 200-day SMA $0.86
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