My Crypto Learning Journey
#20 – Sui (SUI)
Sui is a Layer 1 blockchain designed for speed, scalability, and smooth user experiences. It’s built using the Move programming language, originally developed by Meta for the Diem project.
Sui focuses on fast transactions, low fees, and making it easy to build Web3 apps, games, and assets.
Key Facts
- Token: $SUI
- Max supply (capped): 10 billion SUI
- Circulating supply (mid‑2025): ~2.4 billion SUI
- Launch year: May 2023 by Mysten Labs
What You Can Do with SUI
- Pay gas fees to interact with apps on the Sui network
- Stake SUI with validators to help secure the network and earn rewards
- Use in games, NFTs, and DeFi apps
- Participate in governance (voting planned in future versions)
Real-World Uses
- Real-time games with zero gas for players
- NFT minting and trading without congestion
- DeFi apps like Cetus and SuiSwap
- Wallets like Sui Wallet and Ethos Wallet
Real-World Analogy: Sui is like a super-fast checkout lane at a special supermarket built just for digital stuff.
- Small items (like NFTs or payments) go through instantly.
- Big orders (like smart contracts) still move fast—but with more checks.
- The system keeps queues separate, so it never slows down.