Sui
SUIRank #28Data provided by CoinGecko
Performance
About Sui
Sui is a Layer 1 blockchain created by Mysten Labs, which says it built Sui so that owning digital assets can be quick, private, safe and open to all. SUI is the network's native coin, used to pay transaction fees and for on-chain uses such as decentralized exchanges and lending platforms.
Sui stores data as independent objects instead of one ledger of accounts, which lets it process many transactions at the same time.
- Consensus
- Proof of Stake
- Created by
- Mysten Labs
- Category
- Layer 1
- Max supply
- 10.00B SUI
Sui news
All newsSui FAQ
According to the team, holders can lock their tokens in proof-of-stake to support validators and secure the network in exchange for rewards.
Yes. People who hold SUI can help decide the network's rules and later changes to the protocol by casting votes.
They go into a storage fund, and validators are paid from there to store data on the network over the long term.
