SUI Price
(SUI)
SUI Live Price Data
The live price of SUI is $4.4, with a total trading volume of $ 35.82M in the last 24 hours. The price of SUI changed by -3.71% in the past day, and its USD value has decreased by -4.92% over the last week. With a circulating supply of 2.93B SUI, the market cap of SUI is currently 12.62B USD, marking a --% increase today. SUI currently ranks #-- in market cap.
How do you feel about SUI today?
Note: This data is for reference only.SUI(SUI) Profile
Website
Documentation
Explorer
Contract
- Sui Network 0x2...0x2
Audited By
- --
Code & Community
Investors
- a16z (Andreessen Horowitz)
- Coinbase Ventures
- Binance Labs
- Electric Capital
- Sino Global Capital
- Lightspeed Venture Partners
- FTX Ventures
- Apollo Capital
- Jump Crypto
- Bixin Ventures
- Big Brain Holdings
- Standard Crypto
- Circle Ventures
- Redpoint Ventures
- Slow Ventures
- Scribble Ventures
- Samsung Next
- ATH
- $4.93
- Price Change (1h)
- +1.87%
- Price Change (24h)
- -3.71%
- Price Change (7d)
- -4.92%
- Market Cap
- $12.62B
- 24h Volume
- $35.82M
- Circulating Supply
- 2.93B
- Max Supply
- 10B
About SUI
How can I buy SUI (SUI)?
Buying SUI on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy SUI (SUI) for more information. What Is Sui (SUI) Crypto?
Sui Blockchain is a permissionless Layer 1 blockchain designed to provide instant settlement and high throughput for next-gen, latency-sensitive decentralized applications (dApps). The blockchain utilizes a Proof of Stake (PoS) consensus mechanism and offers a developer-friendly platform to create innovative dApps.
Named after the element of water in Japanese philosophy, the Sui network offers a fluid, easily adaptable, and flexible ecosystem to power the web3 movement. The Sui platform is developed using Sui Move, derived from the core Move programming language for smart contracts.
Sui can be considered a potential “Ethereum killer,” offering higher throughput and efficiency than the Ethereum network. Its smart contract programming language, Move tackles several challenges developers have faced with Ethereum’s Solidity and lets developers build dApps across multiple blockchain networks.
SUI is the native token of the Sui blockchain. It is used to pay gas fees and can be staked to function as validators on the network who contribute to block production.
How Does Sui Blockchain Work?
The Sui blockchain is a permissionless PoS network that supports smart contract functionality. It can be used to develop dApps that need instant settlements, high throughput, and low latency.
Unlike conventional blockchains that depend on one-time broadcasts, Sui's architecture allows requestors or proxies to actively engage with validators to complete transactions, achieving near-instant finality. Due to its low latency, Sui is vital in integrating transactions into games and other environments that demand real-time execution.
The Sui network lets developers create custom digital assets, including fungible and non-fungible tokens (NFTs). The blockchain aims to onboard the next billion users to web3, offering a secure and high-efficiency platform for supporting dApps across gaming, DeFi, NFTs, and other categories.
The Sui blockchain also supports interoperability, letting smart contracts and digital assets developed on its network interact across other networks. It does this all through the use of Sui Move, its smart contract programming language based on Move, which offers higher flexibility and scalability without compromising on security for developers.
History of Sui Network
The Sui network is the creation of Mysten Labs, a company founded by senior executives and lead architects who worked on the former Facebook Libra project, which was later rebranded to Meta’s Novi - a digital wallet project. Evan Cheng, Sam Blackshear, Adeniyi Abiodun, George Danezis, and Kostas Chalkias came together to leverage their expertise and create a new blockchain designed to be scalable from the ground up, tackling key challenges holding back widespread adoption of web3 technology.
Mysten Labs was established in 2021, and the company unveiled its project Sui in March 2022. The company had raised $36 million in Series A funding led by a16z in December 2021. Sui’s incentivized testnet was announced in June 2022 and launched in August.
In July 2022, the developers introduced enhancements to the Move VSCode plugin. A month later, the Sui Wallet - the official crypto wallet of the Sui blockchain was launched.
Following the launch of its incentivized testnet, Sui started the process for validator registration in August 2022. In September, Mysten Labs raised $300 million in Series B funding, with Binance Labs as one of the participants.
SUI (SUI) Price Movements ($)
Period | Change | Change (%) |
---|---|---|
Today | $-0.173 | -3.78% |
7 Days | $-0.19 | -4.13% |
30 Days | $0.974 | 28.40% |
3 Months | $2.31 | 110.51% |
24H Investment Barometer
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
SUI Conversion Rate
FAQ
How much is 1 SUI (SUI) worth?
KuCoin provides real-time USD price updates for SUI (SUI). SUI price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time SUI to USD exchange rates. Is Sui Network (SUI) a Good Investment?
Here are some potential factors that make $SUI crypto an interesting addition to your portfolio:
1. Sui Network’s Scalability and Speed: One of the primary benefits of the Sui blockchain is its scalability. It achieves near-instant finality and can process an impressive 120,000 TPS, significantly higher than many other blockchain platforms like Ethereum. This high transaction throughput is made possible by the parallel transaction execution feature of the Sui blockchain, making it well-suited for applications that require fast and efficient processing.
2. Move Smart Contract Language and Programmability: Sui uses the Move programming language, which is known for its strong safety guarantees and expressiveness in defining digital assets. This language allows for the creation of rich and composable on-chain assets, providing developers with a flexible and secure environment for building dApps.
3. Innovative Consensus Mechanism: The blockchain uses a unique consensus mechanism that includes elements like Narwhal and Bullshark. These algorithms enhance the network's security and efficiency, contributing to its high scalability and transaction processing capabilities.
4. Diverse Use Cases of SUI Token: The SUI token, as the native currency of the Sui blockchain, is integral to the ecosystem. It is used for staking, paying gas fees, participating in governance, and as a medium of exchange. This versatility in usage makes the SUI token a central element of the network's economy.
5. Support for a Range of Applications in the Sui Ecosystem: Sui's infrastructure supports a wide range of applications, including gaming, retail transactions, and other distributed apps that require high scalability and low latency. Its object-centric data model and support for hybrid blockchain solutions allow for creating digital assets and innovative business models.
6. Growing Sui Ecosystem and Community Support: The Sui blockchain is supported by the Sui Foundation, which helps to expand the community by providing technical and financial support to projects. This support fosters innovation and value creation within the ecosystem.
7. Sui Chain’s Partnerships and Collaborations: The Sui blockchain has collaborated with notable entities like Alibaba Cloud, which provides node services and cloud infrastructure to enhance the user experience for Sui blockchain validators. Such partnerships indicate the network's growth and potential for wider adoption.
What Is Sui Crypto Price Prediction?
Although it is impossible to offer an accurate SUI price prediction over any duration, numerous fundamental aspects can significantly influence the value of the $SUI crypto:
1. Market Demand and Adoption: The level of adoption and demand for the Sui blockchain among developers and users directly impacts the SUI price. Increased adoption, especially for building and operating dApps on the Sui blockchain, can lead to higher demand for the token, supporting the SUI to USD price.
2. Sui Network Upgrades and Technological Developments: Advancements and upgrades within the Sui network, such as improvements in scalability, security, or functionality, can increase the network's attractiveness and potentially drive up the SUI token price.
3. Market Sentiment and Investor Confidence: General sentiment in the cryptocurrency market and investor confidence can significantly affect the price of SUI. Positive news, market trends, and investor sentiment can lead to price increases, while negative news or market downturns can lead to decreases in the SUI coin price.
4. SUI’s Liquidity and Exchange Listings: The availability of SUI tokens on various cryptocurrency exchanges and trading platforms influences its liquidity. Increased liquidity, resulting from listings on more exchanges, can lead to greater trading activity and potentially impact the SUI crypto price.
5. Competition and Market Position Among L1 Blockchains: Sui's position, compared to its competitors in the blockchain space, particularly other Layer 1 blockchains, can impact the $SUI price. The success of competing platforms and the introduction of new technologies in the blockchain space can also influence the SUI market cap and price.
How to Stake SUI Token on Sui Chain
To stake SUI tokens on the Sui network, you must send a transaction to the network that calls the staking function. This function is part of the system Move package and wraps your SUI tokens in a self-custodial stake object.
This object contains details like the validator staking pool ID and the activation epoch of the stake. You can initiate staking and unstaking using Sui-compatible crypto wallets, which typically have this functionality. When unstaking, your principal and accumulated rewards are returned as SUI tokens.
It's important to carefully choose a validator, as their commission rate and performance can affect your staking rewards. Validators can change their commission rates, and those with poor performance might be penalized, affecting your rewards. Sui-compatible wallets and explorers provide information on validators, including their commission and APY.
Who Are Sui Blockchain’s Partners and Investors?
Mysten Labs, the developer behind the Sui Layer 1 blockchain, has attracted significant investment and strategic partnerships. In a $300 million Series B funding round, which valued the company at over $2 billion, key investors included a16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures.
Additionally, partners like Circle Ventures, Lightspeed Venture Partners, Sino Global, Dentsu Ventures, Greenoaks Capital, and O’Leary Ventures also participated in the funding round. This diverse group of investors and strategic partners demonstrates the strong interest and belief in the potential of the Sui blockchain and its infrastructure for web3 applications.
What is the all-time high price of SUI (SUI)?
The all-time high price of SUI (SUI) is $4.930. The current price of SUI is down 10.67% from its all-time high.
What is the all-time low price of SUI (SUI)?
The all-time low price of SUI (SUI) is $0.364. The current price of SUI is up 1,109.00% from its all-time low.
How much SUI (SUI) is there in circulation?
As of 12 22, 2024, there is currently 2.93B SUI in circulation. SUI has a maximum supply of 10B.
What is the market cap of SUI (SUI)?
The current market cap of SUI is $12.62B. It is calculated by multiplying the current supply of SUI by its real-time market price of $12.62B.
How do I store SUI (SUI)?
You can securely store your SUI in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your SUI include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert SUI (SUI) to cash?
You can instantly exchange your SUI (SUI) for cash using KuCoin's Fast Trade feature. This feature enables you to convert SUI to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.