Overview
- Monday’s announcement says DATA Network and its Trace registry will be rebuilt to run natively on Sui and the project’s standalone Layer 1 chain will be retired with a one-to-one carryover of DATA tokens.
- Sui Foundation committed $30 million to the effort and SY Lee from PIP Labs will join Sui Foundation as a strategic advisor to align incentives and support the transition.
- Walrus will become the default storage layer for DATA Foundation apps, providing encrypted, access‑controlled file storage and integrity proofs anchored to Sui to strengthen provenance and tamper evidence.
- Trace already registers large scale activity — more than 250 million receipts and roughly 3 million daily receipts with integrations like Kled onboarding about 1.5 billion records — which supporters say motivates the move to Sui’s high‑throughput object model.
- Key implementation details remain pending, including a detailed migration timeline, developer porting tools for dApps, and exact operational mechanics for the DATA token on Sui, and those factors will determine execution risk and adoption.