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Sui

Sui (SUI)

layer-1

Sui is a high-performance Layer 1 blockchain built by former Meta engineers, using the Move programming language and an object-centric data model for parallel transaction execution.

Consensus: Delegated Proof of Stake (Mysticeti / Narwhal & Bullshark)Launched: 2023Official Website

About Sui

Sui is a Layer 1 blockchain developed by Mysten Labs, founded by former Meta (Facebook) engineers who worked on the Diem blockchain project. Launched in 2023, Sui uses the Move programming language (adapted from Diem) and introduces an object-centric data model that enables parallel transaction processing. Unlike account-based blockchains, Sui treats each digital asset as an independent object, allowing transactions that touch different objects to be processed simultaneously. This architecture delivers sub-second finality and high throughput. Sui has gained traction in gaming, DeFi, and consumer applications, with particular strength in its developer experience and the safety guarantees provided by the Move language.

Technical Specifications

10,000–297,000 (theoretical peak)

TPS

~390 milliseconds

Block Time

$0.001–$0.01

Gas Fees

Delegated Proof of Stake (Mysticeti / Narwhal & Bullshark)

Consensus

Staking

3–4%

APY

1 SUI (delegated staking)

Min Stake

~1 epoch (~24 hours) unbonding

Lock Period

Use Cases

High-performance gaming with parallel transaction execution
Consumer-facing applications with sub-second user experience
DeFi protocols leveraging Move's safety guarantees
NFTs and digital collectibles with on-chain object ownership

Pros

  • Object-centric model enables true parallel transaction execution for massive throughput
  • Sub-second finality (~390ms) rivaling the fastest blockchains
  • Move language provides superior safety guarantees against common smart contract vulnerabilities
  • Short unbonding period of ~24 hours compared to weeks on other chains

Cons

  • Relatively new ecosystem with less DeFi liquidity than established competitors
  • Move language requires developers to learn a new paradigm
  • Token unlock schedule creates ongoing sell pressure
  • Concentrated token distribution with significant VC and team allocations

Where to Buy

BinanceCoinbaseKrakenBybitOKXKuCoinCrypto.comGate.io

Frequently Asked Questions

This content is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk.

Quick Info

Symbol
SUI
Category
layer-1
Launched
2023
Smart Contracts
Yes
EVM Compatible
No
Staking APY
3–4%

Last updated: 2026-04-01