Today on Crypto Scanner, we turn our spotlight on $SUI an innovative layer 1 blockchain developed by Mysten Labs, a U.S. company founded by former Meta engineers. Sui stands out for its object-centric architecture and the use of the Move programming language, offering horizontal scalability and an unprecedented user experience.
With features like zkLogin, which allows authentication with traditional web credentials, and sponsored transactions that eliminate entry barriers, Sui is paving the way for mass adoption of Web3.
🧬 Token Identity
Name: Sui
Ticker: $SUI
Network: Sui (Layer 1)
Category: Infrastructure / Smart Contracts / DeFi / Gaming
🧩 Project, Team, and Partnerships
Sui is developed by Mysten Labs, a U.S.-based company founded by former Meta engineers who worked on the Diem project and the Move programming language. The team includes prominent figures such as Evan Cheng, Sam Blackshear, and George Danezis.
The platform has established strategic partnerships with academic institutions and industry companies, including a collaboration with the London Business School for research in Web3.
📊 Key Metrics
Current price: $3.86 USD
Market capitalization: $12.91 billion USD
Trading volume (24h): $1.31 billion USD
Circulating supply: 3.33 billion SUI
Total supply: 10 billion SUI
Sui is listed on major exchanges, including Binance, Coinbase, and others.
🔎 Tokenomics and Governance
The SUI token is used for:
Payment of transaction fees (gas).
Participation in protocol governance.
Staking to secure the network.
The supply distribution is as follows:
50% for the community (managed by the Sui Foundation).
20% for early contributors.
14% for investors.
10% for the treasury of Mysten Labs.
6% for community access programs and testers.
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🔥 Community and Activity
Active users: Over 134 million active accounts.
Total transactions: Over 9.7 billion.
Recent events: Sui Basecamp 2025 in Dubai, bringing together the global community to discuss the future of Web3.
The Sui community has shown steady growth, with active participation in events and decentralized application development.
⚠️ Risks and Legitimacy
Although Sui has demonstrated impressive growth, it is important to consider:
Competition: Faces competition from other layer 1 blockchains like Ethereum and Solana.
Adoption: Mass adoption is still in development and will depend on the ability to attract developers and users.
However, its focus on scalability and user experience positions it favorably in the market.
📌 Why Is It on the Radar Today?
Sui has been recognized as the eighth largest blockchain by total value locked (TVL), surpassing competitors like Aptos. Additionally, its focus on accessibility, such as web credential login and sponsored transactions, makes it attractive to new users.
🚀 Conclusion
Sui represents a significant innovation in the blockchain space, combining scalability, security, and an enhanced user experience. Its growth and adoption make it an essential token to consider in any analysis of 'Made in USA' projects.
