A high-performance Layer 1 blockchain for the next generation of decentralized apps.
**Sui (SUI)** is a Layer 1 blockchain built by **Mysten Labs**, focusing on scalability, low latency, and instant transaction finality.
It uses a new data model and a parallel execution engine to achieve extremely fast transaction speeds.
Sui is designed for mass adoption, offering a developer-friendly environment and a smooth user experience for gaming, NFTs, and DeFi applications.
Below is live market data fetched directly from the CoinGecko API.
Sui (SUI) Live Data
Current Price: $1.5400
Market Cap: $5,651,790,563
24h Volume: $431,349,012
24h Change: 2.6%
Rank: 33
Project Overview
Developed by former Meta engineers, Sui uses the **Move programming language** (originating from Facebook's Diem project) to enable secure, fast, and composable smart contracts.
Its parallel transaction processing system allows instant confirmation for most operations, making it one of the most performant blockchains available today.
The **SUI token** is used for staking, transaction fees, and governance within the Sui ecosystem.
Key Insights
Sui's architecture enables true horizontal scalability, processing multiple transactions simultaneously.
Its object-based data model simplifies the development of interactive and stateful dApps.
The project aims to create a frictionless Web3 experience with fast onboarding and low fees for mainstream users.
Common Questions About Sui
1. What is Sui?
Sui is a Layer 1 blockchain optimized for speed, scalability, and user experience, built by Mysten Labs.
2. What makes Sui different from other blockchains?
It uses parallel execution and an object-based data model for fast, efficient transactions.
3. What is the SUI token used for?
It's used for staking, paying gas fees, and participating in governance.
4. Who created Sui?
It was developed by Mysten Labs, a team of former Meta engineers who worked on the Diem blockchain project.
5. What are Sui's main use cases?
Sui supports DeFi, gaming, NFTs, and Web3 applications requiring high transaction throughput and low latency.
Market Context
Sui competes with other high-performance Layer 1 networks such as Aptos, Solana, and Avalanche. Its architecture positions it as a key player in next-generation blockchain scalability.
The project's focus on user experience and developer tools makes it a strong candidate for mass Web3 adoption.