SUI Coin is Sui Network's native cryptocurrency token. It is a modern and fast Layer-1 blockchain designed for scalability and user-centric applications. The network uses a Delegated Proof of Stake (DPoS) mechanism and is based on unique protocols such as Narwhal and Bullshark, which give it a speed of 297,000 transactions per second. It is considered a strong competitor to platforms like Ethereum and Solana【7】【9】.
Key features and uses:
1. Governance: SUI allows holders to vote on protocol updates and other important issues.
2. Storage Fund: It ensures long-term storage of data on the network and provides compensation to validators.
3. DeFi and NFTs: This network hosts decentralized applications, such as DeFi platforms and NFT marketplaces【9】.
Recent performance:
In December 2024, SUI reached an all-time high of $4.02. It is currently trading at around $3.87, and there is a positive trend in the market【8】.
More than 2 billion transactions were recorded on the Sui network in 2024, which is more than many major blockchains【7】.
Future Prospects:
According to experts, the price of SUI is expected to increase further, reaching $7.57 in 2026 and $20.30 by 2030, if market conditions remain favorable【7】【8】.
