What Is SUI?
Sui is a next-generation layer‑1 blockchain developed by Mysten Labs (a team spun out of Meta’s Diem project). It’s built around an object‑centric data model and uses the Move smart contract language to enable secure, scalable, and parallel transaction execution.
The native token SUI powers the network and serves multiple key roles:
Gas fees & storage: Users pay SUI to execute transactions and store data.
Staking & governance: Holders can stake or delegate SUI to validators, earning rewards and participating in protocol decisions.
Medium of exchange: Used in DeFi, NFTs, and dApp interactions.
CoinMarketCap
The maximum supply is capped at 10 billion SUI, gradually unlocked over time to support sustainable growth and a storage fund mechanism that limits circulating supply as usage increases
