Market Overview
Current Price: ~$3.95 USD
Market Capitalization: ~$13.17 billion USD
24h Trading Volume: ~$1.69 billion USD
Circulating Supply: ~3.34 billion SUI
Max Supply: 10 billion $SUI
Sui is a Layer 1 blockchain developed by Mysten Labs, aiming to provide a platform for decentralized applications (dApps) with exceptional speed and scalability. Utilizing the Move programming language, Sui enables parallel transaction processing and offers a user-friendly experience, targeting the mass adoption of Web3.
Recent Performance
Over the past 24 hours, SUI's price has ranged between $3.82 and $4.04, marking a modest increase of 2.33%. Although still about 26% below its all-time high of $5.35 in January 2025, SUI has surged over 85% in the past month, indicating a strong recovery.
Key Features
Parallel Transaction Processing:
Sui's object-based data model allows for concurrent transaction execution, achieving speeds up to 297,000 TPS and average finality times of ~400ms.
Move Programming Language:
Developed by Meta, Move offers high security and flexibility for smart contract development.
zkLogin and Sponsored Transactions:
Sui introduces zkLogin, enabling users to log in with web accounts (e.g., Google, Facebook) without seed phrases, along with sponsored transactions to lower entry barriers for new users.
Robust Ecosystem:
Sui supports various sectors including DeFi, NFTs, gaming, and e-commerce, boasting over 134 million active accounts and nearly 10 billion transactions processed.
Conclusion
Sui is emerging as an advanced Layer 1 blockchain platform, offering scalability, rapid transaction processing, and a user-centric experience. With strong community and developer support, Sui has the potential to become a leading platform for Web3 applications in the future.
