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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.
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