Here's a detailed overview of the **SUI cryptocurrency token pair** (SUI/USDT or SUI/USD), based on current market data and tokenomics:
### ⚙️ 1. **Token Role & Utility**
SUI is the native token of the **Sui Layer-1 blockchain**, designed for:
- **Gas Fees**: Paying transaction/computation costs ($0.0005 avg. fee) .
- **Staking**: Delegating to validators for rewards via delegated proof-of-stake (PoS) .
- **Governance**: Voting on protocol upgrades .
- **Ecosystem Utility**: Used in DeFi, gaming, and NFT applications .
### 💱 2. **Trading & Liquidity**
- **Current Price**: $3.88, with a 24-hour range of **$3.84–$4.23** .
- **Volume**: High liquidity—$3.19B daily volume, led by **Binance** (SUI/USDT pair: $464M volume) .
- **Market Cap**: $13.4B (Rank #13) with **3.45B SUI circulating** (34.5% of 10B max supply) .
### ⚖️ 3. **Tokenomics & Supply**
- **Deflationary Mechanism**: Storage fund locks SUI to cover data costs, reducing circulating supply .
- **Unlocks**: $320M tokens unlocking by late 2025, potentially impacting price .
### 📈 4. **Market Position**
- **Performance**: Up 375% YoY, outperforming broader crypto markets .
- **Catalysts**: Partnerships (e.g., ONE Championship), gaming integrations (SuiPlay0X1 device), and rising DeFi TVL ($2B) .
### 🔮 Outlook
Short-term price predictions for 2025 range from **$3.44–$11.50**, driven by ecosystem growth and adoption . Long-term forecasts (2030) project up to **$23.77** .
For real-time charts and trading pairs, see
