Hashi Is Live on Sui Mainnet With 14.43 BTC in Reserve, Before Any Official Launch Announcement
Hashi's official app now opens on Sui mainnet and takes real bitcoin deposits. Onchain, 14.43 hBTC is in circulation, backed one to one by 14.43 BTC in reserve. Sui and Mysten Labs have not announced the launch.
Hashi, Sui's native Bitcoin collateral protocol, is live on Sui mainnet. The official app at hashi.sui.io now opens on Mainnet by default and takes deposits of real bitcoin. Its contracts on Sui hold 14.43 BTC in reserve against the same amount of hBTC in circulation.
Sui and Mysten Labs have not announced the launch. As of Friday morning, Sui's Hashi product page still reads "Now on Sui Testnet" and "Now on Sui Devnet."
What the chain shows
SuiWire read Hashi's contracts on Sui mainnet at 6:38 a.m. PT on November 13 (Sui checkpoint 344,814,972).
- hBTC in circulation: 14.43212362 hBTC. The token's onchain description reads "BTC secured by hashi."
- Bitcoin in reserve: three Bitcoin outputs recorded by the protocol, totaling 14.43212362 BTC, an exact match for hBTC supply. The largest, 14.43015247 BTC, was confirmed on Bitcoin mainnet in block 975,613 and is unspent.
- Value: about $994,000 at a BTC price of $68,896.
- Activity: the protocol has processed 51 deposit requests and 29 withdrawal requests, with none waiting in either queue.
The first deposit, 42,000 satoshis, was requested on October 22 at 3:41 p.m. PT and confirmed at 4:23 p.m. PT.
Hashi protocol object on Suiscan
Reserve output on mempool.space
How deposits work
The protocol is not paused. Its onchain settings put the minimum deposit and the minimum withdrawal at 30,000 satoshis (0.0003 BTC). A Bitcoin deposit needs six confirmations, and the contract waits 10 minutes before a deposit can be approved. Cancelling a withdrawal request has a one-hour cooldown.
Where the official word stands
On October 8, the team said Hashi would launch with more than $500 million in capital commitments, in a phased move from devnet and testnet to mainnet through the end of October. That $500 million is commitments, not deposits. The reserve onchain today is about $1 million.
Mysten Labs published a GitHub release named "Hashi mainnet 1.0" on October 9. It lists software builds and gives no launch date. As of Friday morning, the Sui blog has no Hashi launch post, and Sui and Mysten Labs have not said mainnet is open.
Sources
- hashi.sui.io/
- sui.io/hashi
- suiscan.xyz/mainnet/object/0x8d110642d9b5133bd661cda4873edf135ab6b91ff6918601015880874b950e5d
- suiscan.xyz/mainnet/coin/0xd30fb3f8914efdbeb7b8e85fae1d65dc584b44a1281f66737b92bb9f03a59d06::btc::BTC
- mempool.space/tx/d6162a6916731828b63e8568b1082d78e4f178a00a8d6d29173515d61c30c7be
- github.com/MystenLabs/hashi/releases/tag/mainnet-1.0
- chainwire.org/2026/10/08/hashi-mainnet-to-launch-with-500m-in-capital-backing-adds-anchorage-digital-to-coalition/
- #Hashi
- #Bitcoin
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