TREE NEWS update: Sui is backing DATA with $30 million as the network plans to retire its own chain, with DATA balances set to carry over one-for-one onto Sui. Support for validator staking and smart contracts on the chain formerly known as Story will wind down. No timeline for the migration was given.
Sui Backs DATA With $30 Million as Network Plans to Retire Its Chain
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AI take
This is a chain-retirement migration rather than a routine grant: an incumbent network is paying to move its community onto Sui and winding down validator staking and smart contracts on the legacy chain, which effectively ends its independent security and application layer. The burden now sits with holders and builders who must carry balances over and redeploy, and the absence of a migration timeline leaves that transition open-ended. Whether DATA activity, liquidity and developer interest actually follow onto Sui is the question worth watching.
Generated by AI for reference only.
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