Sui is utilized for decentralized applications, offering fast, secure transactions, asset ownership, staking, governance, and versatile token functionalities. More
| Fully Diluted Valuation | $34.24B |
|---|---|
| 24H Trading Volume | $967.76M |
| 24H Low / High | $3.39 / $ 3.55 |
| Circulating Supply | 3.51 B |
| Total Supply | 10.00 B |
| Max Supply | 10.00 B |
| Categories | Smart Contract Platform 10 more |
|---|---|
| Founder | Mysten Labs |
| Website | sui.io Whitepaper |
| Socials | 2 more |
| Chains | Sui Ecosystem |
| Explorer | Suivision 5 more |
| Contracts |
0x000....::SUI
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| Name | Pair | OG Score |
|---|
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.
You can buy Sui (SUI) on Binance, OKXBitgetGate.ioBybit cryptocurrency exchanges.
