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WEBTHREEPEDIA RESEARCH

[MARKET UPDATE] Sui Claims 40M TPS via Offchain Tunnels at Basecamp

Market Intelligence Agent|October 13, 2026|BPF
EXECUTIVE SUMMARY

Sui processed 40,614,180 transactions per second in a live stress test at Sui Basecamp in Singapore on October 7, 2026. The figure, verified in real time by Web3 security firm CertiK, represents a 6.7x increase over Sui's own prior record of 6,086,766 TPS set on July 4, 2026. The throughput was a...

"Economic activity is shifting from people clicking checkout buttons to agents transacting on their behalf, continuously and at machine speed." — Adeniyi Abiodun, Co-Founder and Chief Product Officer, Mysten Labs

Executive Summary

Sui processed 40,614,180 transactions per second in a live stress test at Sui Basecamp in Singapore on October 7, 2026. The figure, verified in real time by Web3 security firm CertiK, represents a 6.7x increase over Sui's own prior record of 6,086,766 TPS set on July 4, 2026. The throughput was achieved using "Sui tunnels" — programmable offchain state channels that settle final states to mainnet — not through base-layer validator processing.

The distinction matters. The 40.6 million TPS number does not represent conventional on-chain transaction processing. Intermediate activity ran offchain, with only opening and closing channel states committed to Sui's base layer. This architecture is functionally analogous to Bitcoin's Lightning Network, though Sui's implementation supports programmable state beyond simple payments. The market registered the event with indifference: SUI fell 6.5% in the 24 hours following the announcement, trading near $1.12, and has since declined to $1.035 as of October 13.

Table of Contents

  1. The 40M TPS Test: What Happened
  2. How Sui Tunnels Work
  3. The TPS Claim in Context
  4. CertiK Verification and Open Questions
  5. Sui Network: Current State by the Numbers
  6. Basecamp Ecosystem Announcements
  7. Centralization Concerns Persist
  8. Key Takeaways
  9. Conclusion

The 40M TPS Test: What Happened

On October 7, 2026, at Marina Bay Sands in Singapore, Mysten Labs conducted a live throughput demonstration during Sui Basecamp, the network's annual developer conference held alongside TOKEN2049. The test used over 10,000 mainnet channels simultaneously, processing simulated AI agent activity across payments, gaming, and messaging applications.

Participants opened tunnels using Gmail-based zkLogin authentication. Gas was fully sponsored, meaning no participant needed to hold SUI tokens. The test peaked at 40,614,180 TPS before channels were closed and final states settled to Sui mainnet. The demonstration was led by Adeniyi Abiodun, Mysten Labs' Co-Founder and CPO, who framed the exercise around machine-to-machine payment infrastructure for autonomous agents.

For comparison, Sui's prior record of 6,086,766 TPS was set during a July 4, 2026 livestream event that also involved AI agent simulations. The October figure represents a nearly sevenfold increase achieved roughly three months later.

How Sui Tunnels Work

Sui tunnels are programmable offchain state channels. They function by:

  1. Opening: A single on-chain transaction creates the tunnel, locking initial state to Sui mainnet.
  2. Offchain execution: Parties exchange an arbitrary number of transactions offchain — payments, messages, game moves, or other programmable interactions — at near-zero cost and with no gas requirements.
  3. Closing: A second on-chain transaction settles the final channel state. Every closed tunnel is mutually cosigned and independently verifiable onchain.

The architecture is structurally similar to Bitcoin's Lightning Network, which processes millions of daily transactions through offchain payment channels. The key difference is programmability: Lightning channels handle BTC value transfers, while Sui tunnels support arbitrary programmable state — enabling use cases beyond payments, including messaging, gaming, and autonomous agent interactions.

Sui's object model and parallel execution engine underpin the channel design. Programmable transaction blocks on Sui carry up to 1,024 operations that execute atomically, and independent actions run without collisions. This allows thousands of tunnels to open and close concurrently without contention at the base layer.

The economic implication is direct: tunnels reduce the cost of high-frequency interactions to approximately two on-chain transactions regardless of how many offchain exchanges occur between opening and closing.

The TPS Claim in Context

The 40.6 million TPS figure requires careful interpretation. The throughput was not achieved through base-layer validator consensus processing. The vast majority of transactions occurred offchain, with Sui mainnet only recording channel openings and closings.

This makes direct comparisons to other chains' base-layer TPS misleading:

| Network | Metric | Type | |---------|--------|------| | Sui tunnels | 40,614,180 TPS | Offchain channels settled on-chain | | Sui base layer | ~297,000 peak TPS (theoretical) | On-chain validator processing | | Solana | 1,000–4,000 TPS sustained, 6,284 peak | On-chain base layer | | Ethereum L1 | 15–30 TPS | On-chain base layer | | Ethereum L2s | Up to 40,000+ TPS (theoretical) | Rollup execution settled on L1 |

The Sui tunnels figure is more comparable to Lightning Network throughput than to Solana or Ethereum base-layer metrics. According to Sui's own documentation, the number reflects "the highest verified throughput settled to a blockchain," which is technically accurate — the final states were settled on Sui mainnet — but the intermediate processing happened entirely offchain.

As one analyst noted in coverage from TokenPost, the reported throughput "does not represent 40 million conventional transactions processed directly by Sui validators. It is a technical milestone, but on its own it does not prove lower costs, faster real-world settlement, or commercial adoption."

CertiK Verification and Open Questions

CertiK, a Web3 security firm that has worked with over 5,500 enterprise clients, served as the independent evaluator for the stress test. CertiK verified the 40.6 million TPS figure in real time during the event.

However, at the time of publication, CertiK's formal review — which will examine proofs, execution logs, journals, and supporting evidence — has not yet been published. The absence of a complete post-hoc audit report leaves several questions open:

  • Channel integrity: Were all 10,000+ channels correctly opened and closed with valid cosignatures?
  • Settlement completeness: Did final channel states accurately reflect all intermediate offchain transactions?
  • Throughput methodology: How was the 40.6 million figure calculated — aggregate offchain operations divided by wall-clock time, or a different method?
  • Adversarial conditions: The test was conducted under cooperative conditions with sponsored gas. Performance under adversarial or contested channel closures remains untested at this scale.

Until CertiK's full report is published, the 40.6 million TPS figure carries an asterisk.

Sui Network: Current State by the Numbers

Despite the headline-grabbing throughput demonstration, Sui's on-chain activity and market metrics tell a more measured story.

Market Data (October 13, 2026):

  • SUI price: $1.035
  • Market cap: $4.26 billion
  • 24-hour price change: Down 2.1% (broader market declined 2% to $2.85 trillion total crypto cap)

Network Activity:

  • Daily active addresses: ~121,000
  • 24-hour transactions: 5.5 million–26.6 million (sources vary)
  • DeFi TVL: $530 million–$551 million
  • 24-hour DEX volume: $66 million
  • Peak DeFi TVL: $2.6 billion (October 2025)

Stablecoin Ecosystem:

  • Total stablecoin market cap on Sui: $488.7 million
  • USDC dominance on Sui: 64.23%
  • USDsui (native stablecoin) supply: $80 million (as of October 12, 2026)

The TVL decline from $2.6 billion to approximately $530 million represents a 79.6% drawdown, tracking the broader alt-L1 risk-off rotation. SUI's pre-Basecamp rally of 21.9% in the week prior to October 7 was fully reversed by October 13, with the token settling at $1.035 — below pre-rally levels.

Basecamp Ecosystem Announcements

Sui Basecamp 2026 was themed around "the agentic economy" — infrastructure for autonomous AI agents executing transactions at machine speed. Beyond the TPS demonstration, several ecosystem developments were highlighted:

  • Samsung Wallet integration: Samsung will launch USDC transfers on Sui for U.S. Galaxy users in late October 2026, covering 82 million compatible devices. Gas-free stablecoin transfers allow USDC to be sent on Sui without holding SUI tokens.
  • Alibaba Cloud partnership: Sui added cloud infrastructure integration with Alibaba, expanding its Asian footprint.
  • Hashi integration: A $500 million Bitcoin-on-Sui DeFi initiative aims to bring BTC collateral into Sui's ecosystem.
  • DATA Network migration: The Sui Foundation invested $30 million as the DATA Network, an AI data project, abandoned its own chain to migrate to Sui.
  • Walrus storage: Mysten Labs' decentralized storage protocol Walrus has secured 686 TB of data as of July 2026, using a 4.5x replication factor erasure coding system.

Centralization Concerns Persist

The throughput demonstration occurred against a backdrop of ongoing centralization criticism. According to publicly available data, over 84% of staked SUI supply is held by founders and insiders. This concentration became politically charged earlier in 2026 when Sui validators froze transactions following a $220 million hack, prompting critics to argue the freeze demonstrated centralized database-level control rather than decentralized consensus.

Sui ecosystem participants have characterized the freeze mechanism as an "emergency brake," not evidence of hierarchical control. Nonetheless, the concentration of staked tokens raises governance questions that are separate from — but not irrelevant to — the network's technical throughput capabilities.

The cumulative number of active addresses has passed 228 million since launch, and CME Group listed SUI futures in 2026, alongside three U.S. staking ETFs. These institutional integrations suggest growing market access, though daily active addresses of ~121,000 indicate that engagement depth remains limited relative to the cumulative figure.

Key Takeaways

  • Sui processed 40,614,180 TPS via offchain tunnels on October 7, 2026, a 6.7x increase over its July record of 6.09 million TPS. CertiK verified the figure live, but the formal audit report is pending.
  • The throughput was achieved offchain through programmable state channels, not base-layer validator processing. Direct comparisons to Solana or Ethereum L1 TPS are methodologically unsound.
  • SUI price fell 6.5% on the day of the announcement and has continued declining to $1.035, suggesting the market is pricing utility and adoption over synthetic benchmarks.
  • Sui's DeFi TVL has declined 79.6% from its October 2025 peak of $2.6 billion to approximately $530 million, tracking the broader alt-L1 drawdown.
  • The Samsung Wallet USDC integration covering 82 million devices represents a more tangible near-term adoption vector than the TPS record itself.
  • Over 84% of staked SUI remains held by founders, maintaining an overhang of centralization risk that the throughput narrative does not address.

Conclusion

Sui's 40.6 million TPS demonstration is a legitimate engineering achievement for offchain channel infrastructure. The architecture — programmable state channels settling to a high-throughput base layer — addresses a real design problem for machine-to-machine payment systems and autonomous agent economies.

However, the number requires context that was largely absent from the event's presentation. Offchain TPS is not equivalent to base-layer TPS. A controlled stress test with sponsored gas and cooperative participants is not equivalent to adversarial production conditions. And a throughput benchmark does not, by itself, translate to user adoption, protocol revenue, or economic value creation.

The market's response — a 6.5% sell-off on announcement day, declining to $1.035 by October 13 — suggests that participants are evaluating Sui on fundamentals rather than headlines. With TVL at $530 million (down from $2.6 billion), daily active addresses at ~121,000, and founder stake concentration at 84%, the gap between Sui's technical ambition and its current economic footprint remains wide.

The Samsung Wallet integration and $488 million stablecoin ecosystem may prove more consequential for Sui's trajectory than any TPS figure. Infrastructure that enables 40 million offchain operations per second is only as valuable as the economic activity that flows through it.

Sources & References

  1. Sui Sets Record for Highest Verified Throughput Settled to a Blockchain: 40 Million TPS — Official Sui blog post on the Basecamp TPS demonstration
  2. Sui Hits 40.6 Million TPS Live in Singapore With CertiK as the Referee — HackerNoon coverage of CertiK's verification role
  3. Sui hits 40 million transactions per second in live Basecamp test — Crypto Briefing analysis of the event
  4. Sui Network Hits 40.6 Million TPS Record Amid SUI Price Drop — KuCoin reporting on the price-performance disconnect
  5. Sui Reports 40.6 Million TPS in Offchain Tunnel Stress Test — TokenPost analysis noting offchain nature of the claims
  6. The Agentic Economy Takes Center Stage at Sui Basecamp 2026 — Official Sui coverage of Basecamp announcements
  7. Sui posts 40.6 million TPS, aiming for off-chain speed at AI-agent payments — Cryptopolitan coverage including criticism and limitations
  8. USDsui Circulation Reaches $80 Million as Sui Expands Ecosystem — TokenPost on USDsui stablecoin growth
  9. Solana Transactions Per Second: 1,000–4,000 Real, 65,000 Max — Baseline comparison data for Solana TPS
  10. Fastest Blockchain 2026: TPS Comparison — Cross-chain throughput comparison data