Sui (SUI) Price
Sui
SUI
$1.81
-$2.82 (-60.89%)
Past year
Volume (24H)
--
Circulating Supply
3.792B
Market Cap
$6.87B
About Sui (SUI)
About Sui (SUI)
Sui was created as 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.
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About Sui (SUI)
About Sui (SUI)
Sui was created as 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.
Sui Cryptopedia articles
Sui Cryptopedia articles
Frequently asked questions
Frequently asked questions
What is Sui (SUI)?
Sui is a Layer 1 blockchain designed for scalable, low-latency smart contract execution. It uses a parallel execution model and the Move programming language to support high-performance decentralized applications.
What is the SUI token used for?
SUI is used to pay transaction fees, participate in on-chain governance, and stake to help secure the Sui network. Validators and delegators earn rewards for contributing to network security.
What makes Sui different from other Layer 1 blockchains?
Sui uses an object-based data model that allows many transactions to be processed in parallel. This approach improves throughput and reduces congestion compared to sequential execution models.
How many SUI tokens exist?
Sui has a fixed maximum supply of 10 billion SUI. Tokens enter circulation gradually through vesting schedules, staking rewards, and ecosystem incentive programs.
Is SUI an EVM-compatible token?
No. Sui uses the Move programming language rather than the Ethereum Virtual Machine (EVM).
Can SUI be staked?
Yes. SUI can be staked by delegating to validators to help secure the network, with the possibility of earning staking rewards.