Sui SUI
Cryptocurrency · Layer 1 · Proof of Stake (PoS) · launched in 2023
№26of 40 004
- $0.7718
- Price −5.95%
- $3.86 billion
- Capitalization
- $339.05 million
- Volume over 24 hours
- 0.14%
- Dominance
About the coin
- Circulating supply
- 4.12 billion SUI
- Total supply
- 10 billion SUI
- Maximum supply
- 10 billion SUI
- Fully diluted capitalization
- $9.37 billion
- 24h high
- $0.8294
- 24h low
- $0.7570
Sui (SUI) is a high-tech decentralized layer-1 blockchain created by Mysten Labs based on the innovative Move programming language. The network's key architectural feature is an object-oriented data model that enables independent transactions to be processed in parallel. Thanks to this, Sui demonstrates massive throughput, sub-second transaction confirmation speed, and microscopic gas fees.
The network operates on an energy-efficient Proof-of-Stake (PoS) consensus algorithm. The native SUI coin is used to pay for network transactions, staking, and participation in decentralized ecosystem governance.
Additional information
FAQ
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Sui is a decentralized Layer 1 blockchain of a new generation developed by Mysten Labs. The platform was built from scratch to provide ultra-high speed, instant transaction confirmation, and minimal fees, making it an ideal foundation for modern Web3 applications, games, and DeFi services.
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Sui's architecture is based on an innovative object-oriented programming language Sui Move (an evolution of the Move language originally created at Meta). It was designed specifically to enhance smart contract security, protect against hacking vulnerabilities, and allows representing digital assets as independent objects that can be easily and safely managed.
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High network speed is achieved through Parallel Execution of transactions. Unlike traditional blockchains where all transfers are queued sequentially, Sui can process independent transactions in parallel. Simple operations (such as sending coins between users) are confirmed nearly instantly, bypassing the classical lengthy consensus process.
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The blockchain operates on an energy-efficient Proof-of-Stake (PoS) consensus algorithm combined with ultra-fast consensus mechanisms for complex transactions (Mysticeti protocol). Traditional GPU mining is not possible here. Security and verification of complex operations are provided by validators and delegators who lock their SUI coins in staking.
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The native SUI token performs four key roles in the ecosystem: it is used to pay network gas (commissions) for transfers and smart contract execution, is applied in staking to ensure blockchain security, serves as liquid collateral within DeFi applications, and gives holders voting rights in decentralized governance of platform development.
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .