Sui deployed Mysticeti consensus with a latency of 390 ms: TVL exceeded $2.4 billion amid the launch of the Grayscale trust
The developers of the high-performance first-level blockchain Sui (Mysten Labs company led by ex-Meta engineers Evan Chen and Adenoye Abiodun) announced the final transition of the main network to the revolutionary Mysticeti consensus algorithm. The new architecture has reduced the Time to Finality of transactions to an unprecedented 390 milliseconds, making Sui the fastest L1 blockchain in the Web3 industry. Coinciding with the technical triumph, asset manager Grayscale Investments announced the opening of an accredited subscription to the Grayscale Sui Trust, triggering an institutional rally of the SUI token by 24% and soaring the total value locked (TVL) in the ecosystem to a new all-time high of $2.43 billion.
How did the DAG-based Mysticeti-algorithm eliminate consensus-delays in the mainnet?
The previous version of the Narwhal-Bullshark protocol required several rounds of messaging between validators to achieve Byzantine fault tolerance (BFT), which fixed the latency at 2-3 seconds. Mysticeti has reimagined the directed acyclic graph (DAG) structure: validators sign transaction blocks asynchronously in just three rounds of communication without waiting for a global consensus cycle. Combined with the object-oriented architecture of the Move programming language and the separate execution of independent transactions without the use of general consensus, mainnet throughput exceeded 120,000 transactions per second (TPS) in stress tests while maintaining minimum fees of less than $0.001.
What brought-wall-street-recognition and-the-launch of Grayscale Sui Trust?
Sui’s institutional breakthrough was a logical consequence of the platform’s technological maturity. The launch of the Grayscale Sui Trust provided hedge funds, family offices and institutional investors with regulated access to the SUI token without the need for direct on-chain custody. During the first 24 hours, the volume of applications for participation in the trust exceeded $140 million. Wall Street is positioning Sui as the main contender for leadership in the next generation of smart contracts for decentralized finance and GameFi, capable of directly competing with Solana and Ethereum Layer-2 due to the security of the Move model and the absence of network failures.
How did the DeFi ecosystem respond to record-speed-and-institutional-demand?
The technological upgrade has caused an explosive influx of capital into key Sui-based DeFi protocols. Leading landing platform Navi Protocol recorded a 38% increase in deposits, surpassing $800 million TVL, while decentralized exchange Cetus and the Scallop protocol reported record daily trading volumes. The integration of zkLogin technology, which allows users to log in to Web3 applications through Google, Apple and Twitch accounts without seed phrases, coupled with Mysticeti’s sub-second response, created an ideal springboard for mass user onboarding, securing Sui’s status as the flagship among modern L1 networks in 2026.
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