SUI is the native cryptocurrency of the Sui blockchain, which is a layer 1 blockchain designed for high performance, scalability, and low-cost transactions.1 It aims to support consumer applications in the mainstream market, particularly in decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming.2
Here is an explanation of SUI:
What is Sui?
Layer 1 blockchain: Sui operates as its own independent network, without relying on other blockchains.3
High scalability and speed: Designed for near-instant transaction completion and high throughput using parallel transaction execution and an "object-centric" data model.4 This allows it to process many transactions simultaneously, unlike traditional blockchains that often process them sequentially.5
Move programming language: Sui uses a version of the Move programming language (originally developed for Facebook's Diem project) for its smart contracts.6 Move is known for its focus on security and efficiency.7
Delegated proof of stake (DPoS): Sui utilizes a delegated proof-of-stake consensus mechanism, where Sui token holders can stake their tokens to elect validators who secure the network and process transactions.8
Key features and distinctive traits:
Object-centric model: Unlike most blockchains that focus on "accounts", Sui treats on-chain assets as "objects", allowing for direct ownership and more efficient transaction processing, especially for simple transfers.9
Parallel execution: Its ability to execute unrelated transactions in parallel greatly enhances its transactions per second (TPS) capabilities, targeting speeds that far exceed those of Bitcoin or Ethereum.10
Developer-friendly: Sui aims to provide a robust environment for developers to build decentralized applications, focusing on usability and tools for various Web3 sectors.11
SUI token tool:
The SUI token performs many core functions within the Sui ecosystem:
Transaction fees (Gas): Used to cover network operation costs and transaction processing.12
Staking: SUI holders can stake to participate in delegated proof-of-stake consensus, helping to secure the network and earn rewards.13
Governance: SUI holders can participate in decentralized decision-making by voting on proposals and updates to the Sui protocol.14
Exchange mediator: Facilitates various applications and services within the Sui system, including decentralized finance (DeFi) and gaming.15
Recent performance and outlook (up to July 2025):
Price performance: Sui has demonstrated strong performance, with a notable increase since the beginning of the year (e.g., +372.35% year-on-year as of July 18, 2025, according to Kraken). It reached an all-time high above $5 earlier in 2025.16
Ecosystem growth: The total value locked (TVL) on the Sui network has seen a sharp increase, indicating rising activity and adoption of its decentralized finance (DeFi) applications.17
Positive sentiment: Recent news and analyses indicate positive forecasts for SUI, with some predictions targeting a price of $5 or more.18 Institutional interest, as evidenced by Grayscale's SUI fund, also contributes to positive sentiment.19
Upcoming developments: Continued developer activity, ecosystem expansion, and potential network upgrades are key factors for its future growth.20
Price forecasts for 2025 and beyond:
Price forecasts are speculative and varied, but here are the general sentiments for 2025:
Positive scenario: With a strong market rebound and successful network upgrades, the price of SUI is likely to reach $6.50 or more, marking a new all-time high.
Base case: Many forecasts indicate that SUI may recover steadily and trade in the $4-5 range by the end of 2025, driven by continued developer activity and ecosystem expansion.21
In the long term: In the long term (e.g., 2030 and beyond), while reaching $100 is considered a distant goal requiring widespread adoption, sustainable growth could push SUI into the $7-12 range or more, depending on its ability to compete with established layer 1 platforms and attract "killer applications."
Important note: The cryptocurrency market is highly volatile.22 Any investment in SUI or other cryptocurrencies carries significant risks.23 It is essential to conduct your own research and consider market conditions before making investment decisions.
