Sui(SUI) Price

$4.02 +0.12%

Price of Sui(SUI) Today

The live price of Sui (SUI) is $4.02.The current market capitalization stands at $13.86B, with a 24-hour trading volume of $1.69B.Sui has experienced +0.12% in the last 24 hours and has a circulating supply of approximately 3.46B.These figures are updated in real-time to provide the most accurate market data.

Sui(SUI) Profile

Price Range (24h)

24h Low: $3.88 24h High: $4.07

• ATH: $5.35
• Price Change (1h): +1.28%
• Price Change (24h): +0.12%
• Price Change (7d): +24.23%
• Market Cap: $13.86B
• 24h Vol: $1.69B
• Circulating Supply: 3.46B
• Total Supply: 10.00B

About

What Is SUI?

SUI is a Layer 1 blockchain built for high-speed, low-cost, and highly scalable decentralized applications (dApps). Developed by Mysten Labs, SUI is designed to provide a next-generation blockchain infrastructure that can support millions of users and real-world applications with instant finality, low fees, and powerful developer tools.

SUI’s architecture emphasizes parallel execution, meaning it can process many transactions simultaneously - an advancement that sets it apart from traditional blockchains that rely on sequential processing. SUI can be bought on specialized exchanges and SUI can also be traded for using other cryptocurrencies.

Who Created SUI?

SUI is the flagship project of Mysten Labs, founded by former engineers behind Meta’s Diem blockchain and Move programming language. The team includes veterans from Meta’s Novi wallet, Diem blockchain, and other advanced cryptographic initiatives. Their mission was to solve core limitations in blockchain scalability, usability, and performance, which are now goals embedded deeply into SUI’s architecture.

How SUI Works

SUI is powered by a novel object-centric data model and a highly efficient execution engine that supports parallel transaction processing. This means that independent transactions, like two users sending tokens to different recipients, can be processed simultaneously without congestion.

Unlike most blockchains, SUI does not rely solely on consensus for all transactions. Simple transfers and non-conflicting operations bypass consensus altogether, enabling faster and more cost-efficient processing. For complex interactions that require global ordering, SUI uses a Byzantine Fault Tolerant (BFT) consensus mechanism called Narwhal & Bullshark, ensuring network security and integrity.

What SUI is Used For

The SUI token serves several essential roles in the SUI network including being used to pay for gas fees, for staking and security, for on-chain governance, and for powering the SUI dApp ecosystem. Thanks to its performance and developer-friendly tooling, SUI is increasingly seen as a go-to chain for high-throughput Web3 applications.

SUI’s Key Innovations

SUI’s standout features include:

Parallel Execution: Reduces network congestion and improves scalability

Object-Based Model: Treats assets and data as programmable objects, improving efficiency and developer control

Move Programming Language: SUI uses an enhanced version of Move, originally developed by Meta, offering safety, flexibility, and expressiveness for smart contracts

Low Latency: Transaction finality is often achieved in under 2 seconds

SUI Tokenomics

SUI has a fixed maximum supply of 10 billion tokens, with a portion allocated to community incentives, developers, early backers, and ecosystem growth. A percentage of transaction fees are burned, potentially reducing inflationary pressure over time.

Sui(SUI) Price Movements ($)

Period	Amount Change	Change (%)
Today	+$0.0049678	+0.12%
7 Days	+$0.78402	+24.23%
30 Days	+$1.11	+38.20%

Sui(SUI) Conversion Rate

1 SUI to USD
$4.02

FAQ

What is SUI used for?

The SUI token serves several purposes within the SUI blockchain ecosystem. It’s used to pay gas fees for transactions and smart contract executions, secure the network through staking, and will play a role in on-chain governance in the future. SUI also serves as a base asset in DeFi protocols and dApps built on the network.

What makes SUI different from other Layer 1 blockchains?

SUI is designed for scalability and speed through parallel transaction execution, meaning it can process multiple transactions at the same time. It also uses an object-centric model, where digital assets are treated as programmable objects. Combined with its use of the Move programming language, SUI offers high throughput, low latency, and developer flexibility unmatched by many traditional Layer 1 chains.

Can I stake SUI?

SUI uses a Delegated Proof of Stake (dPoS) mechanism. Token holders can delegate their SUI to validators, helping to secure the network and earn staking rewards. Staking can be done through the official SUI Wallet or supported third-party wallets and platforms that offer SUI staking services.

Does SUI have a maximum supply?

Yes. SUI has a fixed maximum supply of 10 billion tokens. A portion of the supply is allocated to community incentives, ecosystem development, and early contributors. In addition, a percentage of gas fees paid in SUI is burned, introducing a deflationary element that could reduce the circulating supply over time.

How fast is the SUI blockchain?

SUI is built for ultra-low latency and high throughput. Simple transactions can often achieve finality in under 2 seconds, and its parallel execution model allows it to scale horizontally as demand increases. This makes SUI well-suited for real-time applications such as gaming, payments, and social apps.

Where can I buy and store SUI?

You can buy SUI directly on Phemex, and we’ll securely hold it on your behalf as a custodial exchange. You can also use other cryptocurrency like USDT to trade SUI on the Phemex spot market. After acquiring SUI, it will be held in your Phemex spot wallet which boasts meticulous security mechanisms.