Overview
- The organisations announced the deal on October 12, 2026, with Sui Foundation committing $30 million and becoming DATA Network’s largest institutional investor.
- DATA Network will upgrade to run natively on Sui and retire its independent Layer 1 once the migration is complete, while the current chain will keep operating until a detailed timeline and holder transition plan are published.
- DATA tokens will migrate one-to-one to Sui, with locked positions, vesting schedules and governance rights preserved according to the joint statement.
- Trace has recorded more than 250 million registered contributions and processes over three million receipts per day, and Walrus will be the default storage layer to hold encrypted, immutable reference copies of contributed files anchored on Sui.
- Project leaders said the shift is meant to avoid the cost of running a single-use chain and to leverage Sui’s object model and Walrus storage for scale, but key details such as valuation, how many tokens Sui holds and the exact migration timetable have not been disclosed.