Sui
SUI Price
Sui is utilized for decentralized applications, offering fast, secure transactions, asset ownership, staking, governance, and versatile token functionalities... More
| Fully Diluted Valuation | $41.39B |
|---|---|
| 24H Trading Volume | $653.26M |
| 24H Low / High | $4.13 / $ 4.21 |
| Circulating Supply | 3.01 B |
| Total Supply | 10.00 B |
| Max Supply | 10.00 B |
| Categories | Smart Contract Platform 7 more |
|---|---|
| Founder | Mysten Labs |
| Website | sui.io |
| Socials | |
| Chains | Sui Ecosystem |
| Exchange | Pair | OG Score | TBA | 24h Volume |
|---|
Sui: Redefining Smart Contract Platforms with Object-Centric Innovation
Sui, developed by Mysten Labs, emerges as a groundbreaking Layer-1 smart contract platform, pioneering a revolutionary object-centric data model aimed at scaling network throughput. Central to Sui's architecture is the Move programming language, strategically crafted to thwart specific hacks and exploits, enhancing the platform's security measures.
This innovative platform stands out for its commitment to making digital asset ownership fast, private, and accessible. Leveraging an object-centric model, powered by Move, Sui enables sub-second finality, parallel execution, and diverse on-chain assets. Its robust architecture allows for horizontal scaling, ensuring each group of transactions processes in parallel, mitigating bottlenecks commonly found in earlier blockchain iterations. Moreover, Sui's unique composability feature allows assets, including NFTs, to be directly passed as function arguments, facilitating versatile data structures and efficient asset storage directly on-chain.
The SUI token, pivotal to the Sui ecosystem, serves various functions, from staking within epochs for proof-of-stake participation to fueling gas fees for transactions and serving as a versatile asset across the platform's applications. Furthermore, it plays a vital role in governance, offering voting rights for on-chain decision-making, such as protocol upgrades.
Sui's security is reinforced through consensus algorithms like Bullshark and Narwhal, optimizing latency and ensuring the participation of validators with varied processing capabilities. This, coupled with its directed acyclic graph (DAG) mempool, contributes to Sui's goal of achieving exceptional transaction speeds.
Sui's uniqueness lies in its groundbreaking Layer-1 smart contract platform that utilizes an object-centric data model powered by the Move programming language, enabling fast, private, and scalable digital asset ownership, along with versatile on-chain asset handling, sub-second finality, and parallel execution.
Sui was launched by MystenLabs, which was founded by Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis and Kostas Chalkias.
Andreessen Horowitz (a16z), Coinbase Ventures, Binance Labs, Circle, Jump Crypto, Electric Capital, Lightspeed Venture Partners, SamsungNext, Slow Ventures, Standard Crypto, Redpoint, Hack VC, Franklin Templeton Investments, Apollo Global Management
Sui employs consensus algorithms such as Bullshark and Narwhal to reinforce its security measures, optimize latency, and ensure diverse validator participation. These mechanisms contribute to Sui's goal of achieving exceptional transaction speeds.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Sui (SUI) is ($3,009,569,341), max supply of Sui SUI is ($10,000,000,000) and the market cap of Sui SUI is ($12,456,130,073).
What is the Sui (SUI) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Sui (SUI) is $4. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
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