Price Chart

Chart by TradingView

24h Volume$359.82M
7d Avg Daily$412.99M
30d Avg Daily$590.43M
365d Total$337.61B
Volume
$571.4Mavg/day
avg $571.4MMay 19May 26Jun 2Jun 9Jun 16

What is Sui?

Sui is a Layer 1 blockchain developed by Mysten Labs — a team of former Meta (Facebook) engineers who worked on the Diem blockchain and the Move programming language — with mainnet launching in May 2023. Sui uses an object-centric data model written in Sui Move, a variant of the Move language, where assets are represented as distinct on-chain objects with defined ownership rather than as entries in a shared global state. This model allows simple transactions that only involve single-owner objects to bypass consensus entirely via a fastpath called Byzantine Consistent Broadcast, enabling theoretical sub-second finality for the majority of user transactions.

Sui's core architectural innovation is its distinction between owned and shared objects. Transactions touching only owned objects (a user sending a coin or transferring an NFT) can be processed in parallel without going through full consensus, because no ordering conflict is possible with fully owned state. Transactions touching shared objects (like a DEX pool) still require Narwhal-Bullshark DAG-based BFT consensus, which Sui processes in parallel to owned-object transactions. This design gives Sui a throughput ceiling significantly higher than monolithic chains for applications that can be designed around owned objects. Sui also supports zkLogin, which allows users to authenticate using OAuth providers (Google, Apple) to generate transaction signatures without exposing a seed phrase.

Sui's primary risks are those common to new L1s: its Mysten Labs origin means a large portion of SUI tokens are held by the founding team and investors under vesting schedules, creating potential sell pressure as lockups expire. The Sui Foundation controls a significant treasury. Sui competes directly with Aptos (also Move-based, also ex-Meta team) for developer mindshare in the Move ecosystem, and both chains compete against the much larger Solana ecosystem for high-performance non-EVM applications. The Move language, while designed for safer asset handling, has a smaller developer community and fewer existing libraries than Solidity, creating a steeper onboarding curve for teams migrating from EVM chains.

Reviewed by the 2Bitcoins Editorial Team · Updated . Not financial advice.

Sui FAQ

How does Sui differ from Aptos if both use Move?+

Both Sui and Aptos descend from Meta's Diem project and use variants of the Move language, but they diverged significantly. Sui uses its own Sui Move dialect with an object-centric ownership model and a DAG-based consensus (Narwhal-Bullshark). Aptos uses a closer-to-original Move (now branded Aptos Move) with a standard BFT consensus (AptosBFT) and a traditional account-based state model similar to Ethereum. The two chains have different token standards, different transaction models, and largely separate developer ecosystems despite sharing a common lineage.

What is zkLogin on Sui?+

zkLogin allows a Sui wallet address to be derived from a standard OAuth credential (Google or Apple account) using zero-knowledge proofs. When signing a transaction, the user authenticates with their Google/Apple account to obtain a JWT, which is transformed into a ZK proof that a valid JWT was used without revealing the JWT itself. The on-chain verifier checks the proof against the address, completing transaction authorization. This removes the seed phrase requirement for new users, lowering the onboarding barrier for consumer applications.

What is Narwhal-Bullshark and why does Sui use it?+

Narwhal is a mempool protocol that separates data availability (broadcasting and storing transaction data) from consensus ordering. Validators gossip transaction data continuously to build a Directed Acyclic Graph (DAG) of certified batches. Bullshark is the consensus protocol that runs on top of the Narwhal DAG to extract a total order from the pre-distributed data. Because data dissemination happens before consensus, Bullshark can achieve high throughput without the bandwidth bottleneck of protocols that bundle data transmission into the consensus round itself.

Sui key numbers

Price (USD)$0.805624
Market cap$3.24B
24h low / high$0.776725 → $0.816409
24h change 2.68%
7d change 9.01%
Circulating supply4.03B SUI

Where to buy Sui

View all exchanges →

Buy SUI on these trusted exchanges. Ranked by our rating — based on fees, security, features, and user experience.

#1
Binance
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4.4
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4.4
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4.5
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Sui Markets

#ExchangePairPriceVolume (24h)Trust
1Binance logoBinanceSUI/USDT$0.806112$27.21M
2OKX logoOKXSUI/USDT$0.805974$11.79M
3Coinbase Exchange logoCoinbase ExchangeSUI/USD$0.804900$8.67M
4Bitget logoBitgetSUI/USDT$0.805513$11.08M
5Gate logoGateSUI/USDT$0.805894$13.90M
6Kraken logoKrakenSUI/USD$0.804600$5.32M
7Bybit logoBybitSUI/USDT$0.805613$6.52M
8KuCoin logoKuCoinSUI/USDT$0.806255$5.62M
9MEXC logoMEXCSUI/USDT$0.803462$2.72M
10Ourbit logoOurbitSUI/USDT$0.804561$8.45M
11Toobit logoToobitSUI/USDT$0.804382$8.26M
12LBank logoLBankSUI/USDT$0.805889$7.46M
13DigiFinex logoDigiFinexSUI/USDT$0.806175$4.14M
14BingX logoBingXSUI/USDT$0.805558$1.28M
15BitMart logoBitMartSUI/USDT$0.806186$13.42M
16WEEX logoWEEXSUI/USDT$0.806094$2.47M
17Bitunix logoBitunixSUI/USDT$0.805957$1.12M
18Hibt logoHibtSUI/USDT$0.804598$4.42M
19GroveX logoGroveXSUI/USDT$0.797182$5.00M
20BitKan logoBitKanSUI/USDT$0.804460$1.18M