Sui Coin (SUI) is the native cryptocurrency of the Sui blockchain platform, designed to facilitate various functions within its ecosystem. Here's a comprehensive overview:
Key Features
- Proof-of-Stake Participation: SUI tokens are used for delegated proof-of-stake participation, rewarding honest behavior by validators and token holders who stake with them.
- Gas Fee Payments: SUI tokens cover gas fees for executing transactions and storing data on-chain.
- Application Utility: SUI is a versatile asset used in various applications, including decentralized exchanges, lending platforms, gaming, and more.
- Governance: SUI token holders participate in on-chain voting on significant matters like protocol upgrades and platform changes.
Market Information
- Current Price: $2.92, representing a 30.1% increase in the last 24 hours and a 40.2% increase in the past 7 days.
- Market Capitalization: $9,475,132,187, ranked #13 on CoinGecko.
- Circulating Supply: 3,249,982,900 SUI tokens.
- Total Supply: 10,000,000,000 SUI tokens.
- Maximum Supply: 10,000,000,000 SUI tokens.
Trading
- Exchanges: SUI tokens can be traded on major crypto exchanges like Binance, (link unavailable), and Bitget.
- Trading Volume: $2,388,712,224 in the last 24 hours, representing a 166.40% increase from one day ago ¹.
Blockchain Details
- Consensus Protocol: Sui uses a DAG-based consensus protocol called Mysticeti for extremely low latency.
- Programming Language: Sui utilizes the Move programming language for secure development.
- Object-Centric Data Model: Sui's object-oriented approach improves transaction processing, enabling parallel execution and faster completion times ².
