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Sui(SUI)

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$0.756511
(2.21%)
0.00001289 BTC
Market Cap (Rank#147)
$399,645,045
6,808 BTC
Vol 24h
$31,734,846
540.595 BTC
Circulating Supply
528,273,718
Max Supply
10,000,000,000

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About Sui?

The live price of Sui (SUI) today is 0.756511 USD, and with the current circulating supply of Sui at 528,273,718 SUI, its market capitalization stands at 399,645,045 USD. In the last 24 hours SUI price has moved -0.00837 USD or -0.01% while 60,881,364 USD worth of SUI has been traded on various exchanges. The current valuation of SUI puts it at #147 in cryptocurrency rankings based on market capitalization.

Learn more about the Sui blockchain network and how it works or follow the price of its native cryptocurrency SUI and the broader market with our unique COIN360 cryptocurrency heatmap.

What is Sui Crypto (SUI)?


The Sui Blockchain is designed to revolutionize the industry by achieving unprecedented speed and scalability. Its innovative approach capitalizes on the fact that a large number of blockchain transactions involve non-overlapping states, enabling parallel processing. Additionally, Sui optimizes for single-writer objects, eliminating the need for consensus in simple transactions.

Sui supports smart contracts written in Sui Move, a powerful asset-centric adaptation of Move for the Sui blockchain, enabling strong inherent security and a more understandable programming model. With near-instant finality and low latency, Sui is an essential enabler for incorporating transactions into games and other settings that require real-time completion.

How It Works

Sui is a distributed ledger that stores programmable objects with globally unique IDs. Each object is owned by a single address, and each address can own multiple objects. Transactions sent by a particular address update the ledger by creating, destroying, and writing objects, as well as transferring them to other addresses.

Objects in Sui

In the context of the Sui blockchain, "objects" refer to programmable entities created and managed by Move packages, also known as smart contracts. Objects play a critical role in the Sui ecosystem as they enable the platform's unique approach to parallel processing and high-throughput transaction execution.

Sui objects can be divided into two categories:

Mutable data values: These are data objects that can be updated or modified by transactions executed on the Sui blockchain.
Immutable packages: These are the Move packages or smart contracts themselves, which cannot be altered once deployed.

Each object has a globally unique ID and is owned by a single address. Transactions on the Sui blockchain update the ledger by creating, destroying, or modifying objects, as well as transferring them between addresses. This approach to managing objects is central to Sui's ability to achieve unprecedented speed and scalability in the blockchain space.

Sui Move

Sui Move is a powerful asset-centric adaptation of the Move programming language, specifically designed for the Sui blockchain. Move is an open-source programming language originally developed by Meta (formerly Facebook) for the Diem blockchain. The language has been designed with safety and expressiveness in mind, making it ideal for building smart contracts and decentralized applications.

Sui Move inherits the strong security and understandability of the Move programming model while adapting it to Sui's unique requirements. This allows developers to create smart contracts that take full advantage of the platform's scalability, parallel transaction processing, and low-latency capabilities.

The Sui Move language comes with a robust type system and data model that naturally support the parallel agreement and execution strategies that underpin Sui's performance. By leveraging Sui Move, developers can create a wide range of applications, from simple user-to-user transfers and asset management to more complex decentralized applications that require real-time transaction processing.

Consensus Mechanism

Validators on the Sui blockchain process transactions involving exclusively owned objects without requiring consensus, executing transactions in parallel at high throughput using Byzantine Consistent Broadcast. For transactions involving shared objects, validators employ Bullshark, a high-throughput DAG-based consensus protocol.

Blockchain Technology

Sui's innovative architecture allows it to process transactions more quickly and efficiently than traditional blockchains. Its unique consensus mechanism and parallel processing capabilities enable it to handle a large number of transactions simultaneously, making it suitable for use cases requiring high transaction throughput.

Key Features

Scalability

Sui's parallel processing capabilities enable it to handle a large number of transactions simultaneously, making it suitable for use cases requiring high transaction throughput. This is particularly beneficial for gaming and real-time applications, which require low latency and near-instant transaction finality.

Security

Sui Move, the smart contract language used on the Sui blockchain, is designed to provide strong inherent security. Its asset-centric approach and understandable programming model make it easier for developers to create secure, robust smart contracts.

Privacy

While Sui does not specifically focus on privacy features, its architecture provides some inherent privacy benefits. Transactions involving exclusively owned objects can be processed without consensus, reducing the exposure of transaction details to the entire network.

Decentralization

Sui is built on a decentralized network of independent validators, each running its own instance of the Sui software on separate machines or clusters of machines. This ensures that no single entity can control the network or manipulate the blockchain.

Development Team

The Sui project is led by a team of experienced blockchain developers, engineers, and researchers. The team's expertise spans various fields, including distributed systems, cryptography, game theory, and programming languages. Together, they are committed to creating a high-performance, scalable, and secure blockchain platform.

Use Cases

Sui Blockchain's primary use cases include:

  1. Gaming and real-time applications - With low latency and near-instant transaction finality, Sui is ideal for gaming and other applications that require real-time transaction completion.
  2. Smart contract development - Sui Move allows developers to create secure, asset-centric smart contracts with a more understandable programming model.
  3. High-throughput transactions - Sui's parallel processing capabilities enable it to handle a large number of transactions simultaneously, making it suitable for use cases requiring high transaction throughput.

Where to buy Sui Crypto?

At the moment, SUI Token is available to buy on Binance and Kucoin.

Sui Price0.756511 USD
Market Rank#147
Market Cap399,645,045 USD
24h Volume31,734,846 USD
Circulating Supply528,273,718 SUI
Max Supply10,000,000,000 SUI
Yesterday's Market Cap395,554,016 USD
Yesterday's Open / Close0.757137 USD / 0.748767 USD
Yesterday's High / Low0.768265 USD / 0.732303 USD
Yesterday's Change
-0.01% ( 0.00837 USD )
Yesterday's Volume60,881,364 USD
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