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SUI

SUI

SGD

About SUI

SUI is the native token of the Sui blockchain network. Sui is a permissionless smart contract platform that uses the Move programming language. SUI tokens can be used to govern the network, pay for gas fees, and participate in staking.

Sui (SUI) is a unique Layer 1 blockchain and smart contract platform that seeks to enhance digital asset ownership by making it fast, private, and aims to be accessible to everyone. Built on the Move programming language, Sui's object-centric model allows for parallel execution, sub-second finality, and rich on-chain assets. This innovative platform strives to support a wide range of applications with unrivaled speed at low cost, thanks to its horizontally scalable processing and storage. Sui was initially contributed to by Mysten Labs, founded by former executives and lead architects of Meta’s Novi Research.

Sui operates through a series of unique features such as horizontal scaling, composability, sparse replay, and on-chain storage. In the Sui network, each group of transactions is processed in parallel, eliminating the bottlenecking that occurs in some earlier blockchains. Sui's object-centric approach allows for more complex data structures and the ability to store assets inside such structures. Sparse replay means that game builders, for example, don't need to track transactions interacting with unrelated dApps, making querying on-chain data less expensive. Lastly, because assets are directly stored as objects on the Sui blockchain, they are never subject to Merkle tree indexing, making it cheaper to directly update assets on-chain.

Sui's unique features open up a wide range of potential use cases. Its object-centric model and on-chain storage capabilities make it a potential platform for creating and managing digital assets, including non-fungible tokens (NFTs). The ability to process transactions in parallel and achieve sub-second finality could make Sui a suitable platform for high-speed applications, such as gaming or financial services. Furthermore, Sui's use of the Move programming language allows developers to build user-friendly experiences, potentially expanding the reach of blockchain technology to new audiences.

Sui was initially contributed to by Mysten Labs, a team of former executives and lead architects from Meta’s Novi Research, responsible for the Diem blockchain and Move programming language. The team, including Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis, and Kostas Chalkias, aimed to create a blockchain platform that seeks to enhance digital asset ownership. Sui's mainnet is planned for launch in the future. The platform has undergone several updates since its inception, including a switch to the Bullshark consensus algorithm in August 2022 to reduce latency issues and ensure that validators with lower processing speeds could still contribute to the project.

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Market

Singapore Market stats

Market cap

S$7.3B

Volume (24h)

S$1.3B

Circulating supply

2.8B SUI

Typical hold time

31 days

Popularity

#19

All time high

S$2.84

Singapore Market performance

Price change (1h)

-0.67%

Price change (1d)

+11.23%

Price change (1w)

+17.27%

Price change (2w)

+25.06%

Price change (1m)

+97.91%

Price change (1y)

+404.59%

Singapore Market benchmarks

Performance (1Y)

+393.42%

Vs. Market (1Y)

+139.55%

Vs. BTC (1Y)

+109.97%

Vs. ETH (1Y)

+210.35%

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Coinbase Bytes

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SUI is on the rise this week.

The price of SUI has decreased by 0.67% in the last hour and increased by 11.23% in the past 24 hours. SUI’s price has also risen by 17.27% in the past week. The current price is S$2.62 per SUI with a 24-hour trading volume of S$1.33B. Currently, SUI is valued at 7.90% below its all time high of S$2.84. This all-time high was the highest price paid for SUI since its launch.

The current circulating supply of SUI is 2,763,841,372.609 SUI which means that SUI has as total market cap of 2,763,841,372.609.

FAQ

What is the current price of SUI?

We update our SUI to SGD currency in real-time. Get the live price of SUI on Coinbase.

What is the market cap of SUI?

The current market cap of SUI is S$7.25B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of SUI?

The all-time high of SUI is S$2.84. This all-time high is highest price paid for SUI since it was launched.

What is the 24 hour trading volume of SUI?

Over the last 24 hours, the trading volume of SUI is S$1.33B.

What other assets are similar to SUI?

Assets that have a similar market cap to SUI include Wrapped Beacon ETH, Wrapped EOS, Render, and many others. To see a full list, see our comparable market cap assets.

How many SUI are there?

The current circulating supply of SUI is 2.8 billion.

What is the typical holding time of SUI?

The median time that Coinbase customers hold SUI before selling it or sending it to another account or address is 31 days.

What is the relative popularity of SUI?

SUI ranks 80 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of SUI?

Currently, 98% of Coinbase users are buying SUI. In other words, 98% of Coinbase customers have increased their net position in SUI over the past 24 hours through trading.

Can I buy SUI on Coinbase?

Yes, SUI is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy SUI guide.