Log in/ Sign up

About SUI

Sui (SUI) is a cryptocurrency launched in 2022. SUI has a current supply of 10.00Bn with 1.17Bn in circulation. The last known price of SUI is 1.62 USD and is -0.065329370453 over the last 24 hours. It is currently trading on active market(s) with $394.75M traded over the last 24 hours. More information can be found at https://sui.io/#.

Official Website

Social Media

SUI Price Statistics
SUI’s Price Today
24h Price Change
-$0.0653293704533.88%
24h Volume
$394.75M19.50%
24h Low / 24h High
$0.66991483 / $0.69202563
Volume / Market Cap
0.209259947405
Market Dominance
0.10%
Market Rank
#55
SUI Market Cap
Market Cap
$1.89Bn
Fully Diluted Market Cap
$16.18Bn
SUI Price History
7d Low / 7d High
$0.63015643 / $0.7575034
All-Time High
$1.72May 03, 2023
All-Time Low
$0.55799785Jun 10, 2023
SUI Supply
Circulating Supply
1.17Bn
Total Supply
10.00Bn
Max Supply
10.00Bn
Updated Feb 24, 2024 5:50 pm
image
SUI
Sui
$1.62
$0.065329370453(-3.88%)
Mkt Cap $1.89Bn
There's nothing here for now
Sui Overtakes Cardano, Near, and Aptos in DeFi Capital Locked, SUI Token Up 131%
Sui Overtakes Cardano, Near, and Aptos in DeFi Capital Locked, SUI Token Up 131%
According to CoinDesk, Layer 1 blockchain Sui has seen a significant increase in inflows this month, overtaking Cardano, Near, and Aptos in terms of total value locked (TVL) on decentralized finance (DeFi) protocols. The network, created by former Meta employees, now has over $593 million in capital locked across various DeFi protocols, more than double its total at the beginning of the year when it had $211 million, according to DefiLlama data. In the past 30 days, $310 million has been bridged to Sui from Ethereum, as shown by data from wormholescan.io. Sui is often compared to Aptos, as both are built using Move, a programming language originally developed at Meta for the Diem blockchain. After a turbulent start following its debut on Binance's launchpad in May last year, Sui found its footing after a wave of inscription-related activity. On December 22, Sui produced 13.8 million blocks, with transactions per second (TPS) reaching a peak of 6,000. In contrast to other Layer 1s like Ethereum, gas prices during this high traffic phase decreased, according to a Sui blog post. Currently, there are 106 validators operating 413 nodes to secure the Sui blockchain, as per Suiexplorer. This has boosted the confidence of developers and investors, leading to an increase in both the SUI token price and on-chain TVL in the following weeks. The two largest protocols on Sui are Scallop Lend and Navi Protocol, two lending platforms that have both seen TVL quadruple since the beginning of the year. The SUI token is currently trading at $1.80, having risen by 131% since January 1, outperforming the CoinDesk 20 index, which is up by 10% in the same period.
Feb 19, 2024 3:29 pm

Frequently Asked Questions

  • What Is Sui (SUI)?

    Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.

    Read More
  • Who Are the Founders of Sui?

    Mysten Labs, the original contributor to Sui, was founded by by former executives/lead architects of Meta’s Novi Research (the team responsible for Diem blockchain and Move programming language): Evan Cheng; Adeniyi Abiodun; Sam Blackshear; George Danezis; Kostas Chalkias.

    Read More
  • What Makes Sui Unique?

    Through features such as horizontal scaling, composability, sparse replay, and on-chain storage, Sui’s architecture solves pain points common to first generation blockchains.

    Horizontal Scaling

    On the Sui network, each group of transactions process in parallel, as opposed to the bottlenecking that occurs in some earlier blockchains due to any lack of distinction between the various objects, resources, accounts, and other components.

    Composability

    In Sui, unlike most other blockchains, one can directly pass an asset (such as an NFT), directly into a function argument. Sui’s object-centric approach also allows for more esoteric data structures, and the ability to store assets inside such data structures, or in an asset itself.

    Sparse Replay

    Naturally, a blockchain provides a ledger of every single transaction. For a Sui-specific example, game builders don’t need to track transactions interacting with unrelated dApps. Because querying on-chain data can be expensive, products on Sui will be able to follow the evolution of the objects in this game, without digging out the data from the Merkle tree.

    On-Chain Storage

    Because assets are directly stored as objects on the Sui blockchain, they are never subject to Merkle tree indexing. Storing assets directly on-chain is used in tandem with conventional means, such as IPFS, to scale the problem of on-chain storage, as it is much cheaper to directly update assets on-chain.

    Read More
  • How Many Sui (SUI) Coins Are There in Circulation?

    Sui is yet to release details about its native SUI token, which is to go live upon the mainnetlaunch. It will be used for gas fees and to pay for the storage fund. This fund compensates future validators for the costs of previously stored on-chain data. With this upfront-payment model, higher rewards are paid out to validators when the demand for storage is high.

    Read More
  • How Is the Sui Network Secured?

    At launch, Tusk and Narwhal were the default consensus algorithms used by Sui, although Bullshark replaced Tusk as the primary option in August 2022. The move was made to reduce latency issues, and to ensure that validators with lower processing speeds would still be able to contribute to the project. Tusk can still be used via updating the source, however. In short, Narwhal is used as a mempool to ensure that the data submitted to the consensus is available, and Bullshark (or Tusk) then sets the standard for arranging that data so the consensus engine can read it. This is part of the directed acyclic graph (DAG) mempool, which is yet another innovation Sui offers. Coupled with its innovative scaling solution, it will presumably allow the blockchain to reach transaction speeds of over 297,000 transactions per second.

    Read More
  • Where Can You Buy Sui (SUI)?

    Sui Mainnet will launch on May 3, 2023.

    Read More
  • What is the all-time high price of Sui (SUI)?

    The all-time high of SUI was 1.72 USD on 2023-05-03, from which the coin is now down 5.813953488372086%. The all-time high price of Sui (SUI) is 1.72. The current price of SUI is down 5.813953488372086% from its all-time high.

    Read More
  • How much Sui (SUI) is there in circulation?

    As of , there is currently 1.17Bn SUI in circulation. SUI has a maximum supply of 10.00Bn.

    Read More
  • What is the market cap of Sui (SUI)?

    The current market cap of SUI is 1.89Bn. It is calculated by multiplying the current supply of SUI by its real-time market price of 1.62.

    Read More
  • What is the all-time low price of Sui (SUI)?

    The all-time low of SUI was 0.55799785 , from which the coin is now up 190.32369927590224%. The all-time low price of Sui (SUI) is 0.55799785. The current price of SUI is up 190.32369927590224% from its all-time low.

    Read More
  • Is Sui (SUI) a good investment?

    Sui (SUI) has a market capitalization of $1.89Bn and is ranked #55 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Sui (SUI) price trends and patterns to find the best time to purchase SUI.

    Read More