Blockchain celebrating a milestone along with America on the 4th of July.
The 3 main hitting a milestone of over 6 million transactions per second in a test last Saturday, crushing the original goal of 1 million.
Now the bulk of the volume was driven by AI agents battling head to head in games like.
Quantum poker, as well as trading payments and chatting in real time.
Programmable tunnels making this possible.
This underlying technology is similar to Bitcoin's Lightning network, and they do enable off-chain payment as well as state channels where high frequency activities happen instantly, as well as gaslessly.
At the same time we have signed on as a launch partner for open standards the stablecoin protocol presented by over 150 partners that span payment companies and these do include Visa, Mastercard, and Stripe as well as the institutional players like BlackRock and BNY.
Now this labs the primary creator and core developer behind Su saying that the AI agent experiment shows that.
Chain can handle the institutional and enterprise volume that will come with the stablecoin.
While joining us live here at the New York Stock Exchange to break this down is Evan Chang, CEO and co-founder of Minton Labs.
Evan, great to have you here.
Thank you so much for joining me.
Good morning.
Good morning.
Well, not only are we coming off the holiday weekend, but I understand this milestone that you just had over the holiday weekend is.
Major flex.
So walk us through this.
Well, it's really just a live experiment.
It's not a sort of like a big deal in a lot of ways.
I know it can't be seen as a big deal.
The team has been building a lot of cool stuff.
It was a live demonstration program or tunnel allow us to achieve very, very high throughput, sort of just as another demonstration as we prepare for the next.
Sort of the world we're we're heading into, everything is going to be run with AI, uh agentic kind of internet is coming to us, you know, it's a fun demonstration.
Yes, and Evan, you are deep in the trenches.
So for the viewer who might not be as familiar with this technology, can you tell us why programmable tunnels?
So, um, so probably everybody understands all the transactions if the computation is done on the blockchain, you expose a lot of.
Information is probably not the most efficient way to do everything.
Certain things should be on the blockchain.
Certain things should not.
So if you have a lot of millions of agents that want to communicate with each other, in this case, we demonstrate they're playing games, uh, playing chess, poker, and everything.
There's no reason for those sort of actual activity of playing to be on the blockchain.
You just have to be post the result, say here who won on the blockchain.
So it's another way of.
Thinking about how blockchain is going to be part of our future in the new world we're heading into.
And speaking of this new world that we're heading into, we all know that artificial intelligence is another technology and area that we're all watching, but when it comes to highly regulated space such as financial services, in particular blockchain, tell us what's happening when it comes to agentic AI.
So I think everybody is still figuring out what engentic AI means and when it comes.
To financial sort of the all the services, but you can imagine sort of, you know, the basic idea is your intent as a human is being handed over to the agent.
So you have to trust the agent, you have to make sure the agents are doing the right thing, you have to provide feedback and also the agent to agent interaction.
A lot of information better not leak because they're sort of performing the activity on behalf of human.
So this is one of those examples we're building all these technology.
Infrastructure to prepare for that world.
Uh, so, I think generally speaking, highly regulated activities is great, because we're heading into the world where everything has to be performed with some kind of automation and you have to trust something and the whole idea behind decentralized technology such as blockchain to sort of trust mathematics, trust sort of software that's built to the specification.
And so this is actually a perfect intersection between sort of automation and sort of and trust of that that and the transparency that the blockchain provides.
Yeah, and I think trust is key here, especially when we're talking about consumer protection as well as highly regulated spaces, but you mentioned feedback.
And I think that is also a key component, especially based on what we're seeing not just from everyday users of the technology but also enterprise.
And I do understand that X just became a launch partner for Open USD.
So for viewers out there, tell us about this.
Yeah, this is a new, uh, exciting development in the sort of the crypto industry.
Uh, lots and lots, hundreds of companies coming together to join this consortium and supporting open standard.
Uh, it's a very different model than sort of more centrally, you know, sort of issued, uh, stablecoin we're familiar with in tether circles of USDC.
It's gonna be interesting to see how the market shake up.
Uh, probably most likely there's gonna be areas that still the distribution and network fact us USDC and USDT are still gonna dominate at least for a while, uh, but it will be.
Interesting to see this open standard that give sort of the members the sort of more flexibility to do what they want for the consumer.
Uh, that would be an interesting model, uh, sort of bring back a lot of the the lever days when we thought about this sort of large company coming together, have this sort of stablecoin that service, the merchants and the buyer, the sellers, and all kinds of use case.
It's an exciting time.
Yes, and Evan, you mentioned Libra, so I understand that your team originally built Meta's Libra here.
So given the fact that we're here the second half of 2026 and you see the demand as well as the institutional adoption in this space, what do you expect to see moving forward and tell us about the opportunities?
Yes, just from our own. seeing this uptake in fintech adoption, neobanks and all kinds of innovative companies want to take advantage of stablecoin.
It's something that's free and fast which always opens up a lot of opportunities if you just focus on that the two features when it's en suite.
You can understand this would change business model that give uh so these builders opportunity to try different things and serve the customers better.
Um, I think we're still very, very early.
People probably have seen the numbers being swinging around.
You can probably easily expect the number to 10x and 100x over some period of time and becomes one of the, you know, kind of dominant.
Ways of moving money around, is it going to replace fiat and all the bank rails anytime soon?
Probably not, but it will open up things that wasn't possible before, and that's what FinTech is about, what neobanks and all these other use cases we haven't seen today, intercompany, intracompany transfer or merchant to merchant.
We're seeing a lot of demand.
Company of all sizes, from all parts of the world, especially in Asia and in the US, and finally, before I let you go, I know you have been through many cycles, whether we're talking about market cycle, technological cycles, or policy cycles.
So given that we're seeing so many intersections here, what do you expect we will see when everything shakes out?
So every cycle, uh, it's funny, interesting, so the technology cycle, the adoption cycles kind of move so continuously while the market cycle is more broad and sort of have this sort of time periods and up and down very, uh, uh, sort of kind of, uh, you know, volatile.
Uh, we're in the sort of later part of the, you know, sort of the, the current cycle, uh, but the adoption. are only increasing.
So what we're going to see is, yes, on the payment, sort of stablecoin usage is just continuing to grow.
Gentech internet is definitely on the rise, although it's still very early and people are trying to figure it out and people talk about sort of tokenized assets 24/7 stock trading, equity trading on chain, and many other ways of Uh, sort of, you know, sort of get better yields for the assets that are sitting idle.
All these things are happening and the combination of them is going to be very, very interesting.
Uh, there will be some really, really unexpected, uh, breakout cases.
Uh, previous mark, uh, cycle we see sort of party market sort of brought on the projection market is a relatively new thing, but it's actually been in development for many years.
There will be a lot of these sort of overnight success, so to speak, um, but because people have been building the technology, building the product behind the scenes for many years.
So, I think this is going to be a very, very big cycle, very interesting cycle in terms of adoption that's coming up.
Well, Evan, thank you so much for your time.
I appreciate it.
Thank you so much for your insights as well as your perspective today.
Thank you very much for having me.
Thank you.
