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The native token of the new public chain Sui is SUI.
Sui is a Layer 1 public chain that went live on the mainnet in 2023, developed by former Facebook Libra/Diem team members using the Move language. It focuses on parallel transaction processing, claiming that TPS can easily exceed 100,000, with very low Gas fees.
Compared to Solana's single-threaded model, Sui's object-centric model allows unrelated transactions to be executed simultaneously, theoretically resulting in higher throughput and a smoother experience. Not long after its launch, the ecosystem exploded, with DeFi, gaming, and NFT projects clustering together, and the TVL once surged to over 1 billion dollars. The SUI token is mainly used for paying Gas, staking governance, and ecosystem incentives, with a total supply of 10 billion tokens and a relatively long unlocking rhythm. Currently, the circulating supply is about 4 billion.
When it launched in 2023, the price was around 2 dollars, later dropping to a low of 0.4 dollars, but recently rebounded to around 1.5 dollars as the public chain sector warmed up, with a market cap solidly in the top 30. The Sui ecosystem is quite lively now, with active users in DeFi protocols like DeepBook and Navi, and major games also entering the scene, often topping the on-chain daily transaction volume. The team has strong execution ability, frequent upgrades, and a good community atmosphere, with many considering it a Solana killer 2.0.
Sui's technology has highlights, with short-term fluctuations following the market. The support level is at 1.2 dollars and resistance at 1.8-2 dollars. In the medium to long term, if the ecosystem continues to expand, it could possibly surge to 5-10 dollars in a bull market. (Follow, like, and share to receive a BTC red envelope)
$SUI
{future}(SUIUSDT)