SUI is the native token of the Sui Network—a high-performance, Layer‑1 blockchain built around the Move programming language, developed by the former Meta Diem team . The platform’s unique object-centric data model enables parallel transaction execution, enabling ultra-fast throughput (~297 k TPS) and sub‑second finality (~400 ms), with low, predictable fees .
Since mainnet launch in May 2023, Sui has attracted strong developer interest. It hosts over 100 decentralized applications, covering DeFi, gaming, tokenized assets, and commerce . Ecosystem features like zero‑knowledge login and sponsored transactions simplify onboarding and reduce friction for new users .
SUI is essential for gas fees, staking, and governance. Around 3.46 billion tokens (≈35% of the 10 billion max supply) are in circulation. Its market cap is approximately $13 billion, landing it among the top 15 global cryptocurrencies .
In summary, SUI is both a functional utility token and a key incentive mechanism for a blockchain designed for speed, scalability, and real-world Web3 adoption.
