Sui

SUI

SUI is the native token of the Sui blockchain, a Layer 1 platform built for scalability and rapid transaction processing with low latency.

Risk Rating
Best
What is Sui?
What we like
SUI, the native token of the Sui blockchain, powers a high-performance Layer 1 network designed for low-latency, scalable decentralized applications (dApps). Its unique object-centric model enhances developer efficiency, enabling parallel transaction processing for faster and more reliable performance.
What we like less
Sui is a relatively new blockchain, and its ecosystem is still in early stages of development. Additionally, competition from other high-performance blockchains like Solana and Aptos could impact its growth trajectory.
What it means for you
As a SUI holder, you gain exposure to an innovative blockchain focused on scalability and developer-friendly feat

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Information
Blockchain
  • Sui
Info
  • Asset Type: sui
Key Metrics
Risk Assessment
Best
Asset Strength

SUI is a mid-cap asset that represents the blockchain's native currency or monetary fee used to execute transactions on the network.

Dependencies

Sui has no dependencies.

Asset Tokenomics

SUI has a fixed supply. SUI is the native token of Sui, used for transactions, staking, and governance.

Things to know about SUI

What is SUI?

SUI is the native cryptocurrency of the Sui blockchain, a Layer 1 network launched in 2023 by Mysten Labs. Sui is designed to offer high throughput and low latency for decentralized applications (dApps), aiming to provide a developer-friendly environment with scalability at its core. SUI serves as the network’s utility token, powering transactions, staking, and on-chain operations.

How does SUI work?

Sui operates on a unique object-centric data model that allows parallel transaction execution, significantly improving speed and scalability compared to traditional blockchains. The network uses a delegated proof-of-stake (DPoS) consensus mechanism, enabling SUI holders to stake their tokens and participate in network security while earning rewards. SUI is also used to pay transaction fees and interact with smart contracts, supporting a wide range of applications from gaming to finance. This architecture makes Sui particularly attractive for developers looking to build fast, efficient dApps.

How many SUI tokens are in circulation?

SUI has a maximum supply of 10 billion tokens, with approximately 528 million currently in circulation. The remaining tokens are allocated for staking rewards, ecosystem development, and other network incentives. This gradual release schedule is intended to support the network’s growth while maintaining token scarcity to promote long-term value

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