Sui outperforms BTC, ETH as Mysten Labs promotes privacy tech

The native token SUI of the Layer 1 blockchain Sui jumped over 14%, significantly outperforming Bitcoin and Ether, driven by speculation that the blockchain might eventually support privacy-preserving transactions. This rally is linked to a recent research paper co-authored by Mysten Labs, the core developer of Sui. The paper outlines a formal framework for integrating privacy features into account-based blockchains like Sui, Ethereum, and Solana, categorizing privacy levels and exploring the use of zero-knowledge proofs and homomorphic encryption, while noting trade-offs like increased computational overhead. Investors are interpreting this research as a signal for future privacy token development, aligning with a broader market rotation toward digital cash assets offering confidentiality amid macro pressures.

(Source：CoinDesk)