Sui
SUIRank #31- Market cap
- $2.84B
- 24h volume
- $129.33M
- 7d change
- +1.5%
- 30d change
- -4.5%
- 24h high / low
- $0.7038 / $0.6877
- Circulating supply
- 4.07B
- Max supply
- 10B
- All-time high
- $5.35 (Jan 4, 2025)
An object-centric Layer 1 blockchain built with the Move language by former Meta engineers, designed for parallel transaction execution and horizontal scaling.
By the PickACrypto Team · Updated Jul 26, 2026
Our read on Sui
Object-centric architectureVC-backeduser-experience focused
Sui differentiates itself with an object-centric data model enabling parallel execution and stable fees, alongside features like zkLogin and sponsored transactions aimed at onboarding mainstream users. The fixed max supply and one-year investor cliff that ended in May 2024 provide clear tokenomics parameters, though the large share of non-circulating tokens relative to circulating supply means the emission schedule warrants attention.
- Object-centric data model enabling parallel transaction execution
- Architecture
- Move programming language
- Language
- #32
- Market-cap rank
- 4,052,334,085 SUI
- Circulating supply
- 10,000,000,000 SUI
- Max supply
- Collects fees to reward validators for keeping data on the network indefinitely
- Storage fund
The bull case
- The object-centric data model enables parallel execution, processing many transactions simultaneously instead of sequentially, which is designed to keep fees stable as the network grows.
- Features like zkLogin and sponsored transactions lower the barrier to entry by letting users interact with applications without managing complex wallets or immediate fees, directly addressing a mainstream adoption friction point.
- Institutional backing from Andreessen Horowitz, Coinbase Ventures, Circle Ventures, and YZi Labs provides a credible capital and partnership network relative to many newer Layer 1s.
- The storage fund mechanism creates a long-term economic alignment by ensuring validators are compensated for storing data indefinitely, rather than relying solely on per-transaction fees.
The bear case
- With 4,052,334,085 SUI circulating against a max supply of 10,000,000,000, roughly 60% of tokens remain non-circulating, meaning future emissions and distribution will exert sustained sell pressure.
- The one-year investor cliff ended in May 2024, meaning initial investor tokens are now transferable to the marketplace, introducing potential supply overhang from early backers.
- Sui competes in a crowded Layer 1 market where multiple established networks already have deep liquidity, large developer ecosystems, and proven application traction, making differentiation difficult on technical merits alone.
- The Move programming language, while designed for safety, requires developers to learn a non-standard paradigm, which can slow developer onboarding compared to EVM-compatible alternatives.
What Sui is
Sui is a Layer 1 blockchain developed by Mysten Labs, a team founded by former lead engineers from Meta's blockchain research division. It is built using the Move programming language and is designed for global adoption by providing a secure, high-speed environment for digital asset ownership.
The platform supports horizontal scaling to keep fees stable and speeds high as the network grows. It offers tools including zkLogin for easier account access and sponsored transactions that allow users to interact with applications without managing complex wallets or immediate fees. Institutional support comes from venture capital firms including Andreessen Horowitz, Coinbase Ventures, Circle Ventures, and YZi Labs.
How it works
Sui organizes data into independent objects rather than maintaining a single ledger of accounts. This object-centric data model enables parallel execution, allowing the network to process many transactions simultaneously instead of waiting for one to finish before starting the next. The architecture is built for rapid transaction finalization to ensure near-instant results.
To maintain long-term stability, the network collects fees into a storage fund that rewards validators for keeping data on the network indefinitely. Developers can create tailored object types that work across the entire network, encouraging innovation and deep composability. The combination of parallel execution and object-level independence means that transactions involving unrelated objects do not compete for block space.
Tokenomics
The SUI token serves as the primary asset for transaction fees and on-chain utility within decentralized exchanges and lending platforms. Users participate in a proof-of-stake mechanism by locking their tokens to support validators and secure the blockchain in exchange for rewards. Token holders also have a role in governance, participating in voting on network rules and future protocol upgrades.
Circulating supply stands at 4,052,334,085 SUI against a total and max supply of 10,000,000,000 SUI. Value moves through the system via staking rewards and transaction fees, with the storage fund mechanism designed to ensure the platform scales sustainably.
Token unlocks and emissions
At mainnet launch, a one-year cliff period began during which all initial investors were blocked from transferring their initial stake of SUI to the marketplace. This cliff period ended in May 2024, making initial investor tokens eligible for transfer.
With 4,052,334,085 SUI currently circulating out of a 10,000,000,000 max supply, the remaining non-circulating portion will enter the market over time. The staking mechanism distributes rewards to users who lock tokens to support validators, meaning ongoing emissions are tied to network participation and security.
Supply schedule
Mainnet launch (initial SUI mint)
A one-year cliff period began, during which all initial investors were blocked from transferring their initial stake of SUI to the marketplace.
May 2024
The one-year cliff period ended.
Competitive edge
Sui's primary differentiator is its object-centric data model, which departs from the account-based architecture used by most Layer 1 blockchains. By treating assets as independent objects, the network can execute transactions in parallel when they do not touch the same state, reducing bottlenecks that arise from sequential processing.
The user-experience layer is a second point of differentiation. zkLogin and sponsored transactions are designed so that users can interact with applications without managing complex wallets or immediate fees, addressing a friction point that has historically limited mainstream adoption.
The object-centric model enables parallel execution, allowing the network to process many transactions simultaneously instead of waiting for one to finish before starting the next.
Recent developments
Collected by our radar from Sui's own channels. Each line links to the announcement it came from.
- upgrade
Sui added two NIST-approved post-quantum signature schemes allowing accounts to move to quantum-safe keys derived from existing recovery phrases.
sui.io → - upgrade
Hashi testnet launched on Sui with the Guardian Layer risk management feature and day-one partner Wave Digital Assets.
blog.sui.io → - upgrade
Sui activated the Hashi testnet, advancing native Bitcoin finance functionality on the network.
sui.io → - data
Sui processed a peak of 6,086,766 TPS during an AI agent livestream experiment.
sui.io → - data
Sui peaked at 6,086,766 TPS on July 4, 2026 during a public AI agent livestream experiment using programmable tunnels.
blog.sui.io → - partnership
Remi announced integration with Sui to launch bank-issued regulated stablecoin infrastructure supporting Bison Bank-issued EUB and USB e-money tokens.
blog.sui.io →
Frequently asked questions
- What is the object-centric data model?
- Sui organizes data into independent objects rather than a single ledger of accounts, which enables parallel execution by allowing unrelated transactions to be processed simultaneously.
- What is the SUI storage fund?
- The storage fund collects transaction fees and uses them to reward validators for keeping data on the network indefinitely, creating a mechanism for long-term economic sustainability.
- When did the initial investor cliff period end?
- The one-year cliff period that began at mainnet launch ended in May 2024, after which initial investors were no longer blocked from transferring their SUI to the marketplace.
Sources
The durable facts on this page are drawn from the sources below; live market figures update from our own database. See our methodology.
Technical indicators
Computed daily by our pipeline from accumulated price history.
- RSI (14d)
- 36.9
- 50-day SMA
- $0.7303
- 200-day SMA
- $0.9736
- Volatility (30d, annualised)
- 52.16%
- 90d support
- $0.673
- 90d resistance
- $1.33
- Correlation vs BTC
- 0.79
- Correlation vs ETH
- 0.8
Sui price prediction
Our deterministic model publishes forecast ranges for Sui across five horizons, each recorded immutably and scored on the Accuracy Ledger when it matures.
This is research and analysis, not financial advice. Crypto is volatile and you can lose what you put in. Figures are sourced above or drawn live from our own database. Always do your own research.
Market data synced from CoinGecko into our own database. This page's figures were captured Sun, 09 Aug 2026 22:00:00 GMT. Every figure is injected from that record; see the methodology. Nothing on this page is financial advice. Read the disclaimer.