Gas fees paid by users of the network, plus gross rewards earned on stablecoin float.

Gas fees accrue to validators and stakers as staking rewards. Stablecoin rewards accrue to the network.

Gas fees are distributed by the protocol: computation fees to validators and stakers each epoch; storage fees to the storage fund.

Stablecoin yield is converted to SUI through daily market purchases and distributed to network participants such as defi, validators, and other ecosystem partners to support the growth of the Sui ecosystem.

Two deliberate changes: the network's reference gas price was cut roughly 5x in April 2026, and transfers of supported stablecoins were made free at the protocol level in May 2026. Lower friction grows usage and stablecoin float, and the revenue model earns on reserves, not per-transaction fees.

The chart above shows the trade-off directly - gas fees decline while yield scales with float.

Gross. The reported figure is the full yield earned on the assets backing each stablecoin, before any platform fees. Those fees are operating costs and not deducted from reported revenue.

Earnings that belong to integration partners never enter the figure; they are passed through. Stablecoin yield is shown as one combined stream rather than per coin.

Some stablecoin rewards are paid once a month. Until they post, the current month is shown as a daily estimate based on recent reward rates, and every estimated figure is labeled.

When the month's rewards post, the estimates are replaced with final numbers.