Sui coin, also known as SUI, is a cryptocurrency that powers the Sui blockchain platform. Here's what you need to know about it:
*Current Price and Market Data*
- Current price: $3.24
- Market capitalization: $11.02 billion
- 24-hour trading volume: $686.74 million
- Circulating supply: 3.39 billion SUI coins
- Total supply: 10 billion SUI coins
- All-time high: $5.35 (reached on January 6, 2025)
- All-time low: $0.3643 (reached on October 19, 2023).
Sui is a layer-1 blockchain platform designed for global adoption, offering a secure, powerful, and scalable development environment. It uses a novel object-centric data model and the secure Move programming language to address inefficiencies in existing blockchain architectures.
SUI coins serve four primary functions within the Sui ecosystem:
- *Proof-of-stake participation*: SUI token holders can participate in the network's governance and earn rewards.
- *Gas fee payments*: SUI tokens cover gas fees for executing transactions and storing data on-chain.
- *Application utility*: SUI is a versatile asset, integral to various applications within Sui's ecosystem.
- *Governance*: SUI token holders can participate in on-chain voting on significant matters.
Sui is a DPoS layer 1 blockchain based on the Move programming language.
SUI is the native utility token.