Sui is a Layer1 public blockchain network (often called a "mainnet") developed by Mysten Labs. Designed to empower developers, it aims to build experiences catering to Web3's next billion users.
Key Features of Sui Blockchain
Sui stands out with these technological innovations:
- Horizontal scalability: Processes parallel transactions without global consensus overhead.
- Move programming language: Originally developed by Facebook (Meta), this Rust-based language ensures secure smart contracts.
- On-chain asset complexity: Enables rich asset attributes stored directly on-chain, reducing gas fees.
- Enhanced Web3 UX: Provides tools for seamless dApp development via Sui SDK.
👉 Discover how Sui compares to other next-gen blockchains
Sui Coin Metrics
| Metric | Detail |
|---|---|
| Token Name | SUI |
| Network | Sui Blockchain |
| Language | Move |
| Total Supply | 10,000,000 |
| Launch Date | May 2023 |
Primary Uses:
- Staking for network security
- Gas fee payments
- Governance voting
Purchasing & Storing SUI
Exchanges Supporting SUI:
- Binance
- OKX
- Bybit
Recommended Wallets:
- Sui Wallet (official browser extension)
- Suiet (mobile optimized)
- OKX Web3 Wallet (multi-chain support)
👉 Step-by-step guide to buying your first SUI tokens
Sui Ecosystem Highlights
DeFi Protocols
Scallop Protocol
- Sui's first P2P lending platform
- $140M+ TVL (March 2025)
- Institutional-grade security
Cetus Protocol
- CLMM DEX (Concentrated Liquidity Market Maker)
- $39M daily volume
- Phantom wallet integration
Typus Finance
- DeFi options platform
- Dutch auction settlements
- Risk-transfer tools for LPs
Infrastructure
- Sui Name Service (SNS)
- BlueMove NFT Marketplace
- Axelar Cross-Chain Network
FAQ Section
Q: How do I stake SUI tokens?
A: Use Sui Wallet to select validators and specify stake amounts. Rewards are distributed automatically.
Q: Can I convert SUI to fiat?
A: Yes, through exchanges like Binance or Coinbase that support fiat off-ramps.
Q: Is Sui related to Aptos?
A: No. Both teams include former Meta developers, but the projects are entirely separate.
Q: What makes Sui different from Ethereum?
A: Sui's parallel transaction processing enables higher throughput (100,000+ TPS) compared to Ethereum's sequential model.
Future Outlook
With its growing ecosystem and institutional-grade infrastructure, Sui positions itself as a major contender in the next generation of blockchain networks. Its focus on scalable storage solutions and developer tools suggests strong potential for mass adoption.