Sui Price (SUI)
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A high-performance layer-1 blockchain using the object-oriented Move language.
Sui is a layer-1 blockchain developed by Mysten Labs, founded by former Meta Diem team members including Evan Cheng, Adeniyi Abiodun, and Sam Blackshear. Sui uses a variant of the Move programming language where assets are "objects" with owners, enabling parallel transaction processing. Like Aptos, Sui was designed from the ground up for low latency and high throughput. It launched mainnet in May 2023.
Sui has quickly attracted gaming projects (Sui Kiosk, Capy), NFT platforms, and DeFi applications. Its parallel execution model is well-suited for high-frequency on-chain games where many users interact simultaneously without conflicts. SUI tokens are used for gas fees, staking, and governance. Mysten Labs raised over $300M from a16z, FTX Ventures, and others.
Key facts
| Category | Smart Contract Platform |
| Launched | 2023 |
| Consensus | Proof of Stake (Narwhal/Bullshark DAG-based BFT) |
| Supply | 10 billion SUI total. Staking rewards inflationary; ~84% allocated to community/treasury. |
| Founder | Evan Cheng, Adeniyi Abiodun, Sam Blackshear, George Danezis (Mysten Labs) |
| Official site | https://sui.io |