Sui (SUI)
Sui is a high-performance Layer-1 blockchain designed for scalable, low-latency execution utilizing an object-centric data model. Built with the native Move programming language, it enables horizontal scaling and massive parallelism to bypass traditional processing bottlenecks.
The native SUI token secures the network through Delegated Proof-of-Stake and pays for gas. The ecosystem has scaled impressively, reaching a TVL of $420.94 million and robust transaction volumes across its decentralized applications.
Founded by former Meta engineers, Mysten Labs successfully raised $385.32 million across multiple funding rounds, backed by Tier-1 investors including a16z crypto, Jump Crypto, and Binance Labs.
Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.
Sui Overview
SUI/USD Price Chart
| Exchange | Pair | Price | Volume (24H) | Trust Score |
|---|---|---|---|---|
 Binance | USDT 0.820 $0.820 | 82.52M | ||
 OKX | USDT 0.821 $0.820 | 34.18M | ||
 KuCoin | USDT 0.820 $0.820 | 18.86M | ||
 Bybit | USDT 0.820 $0.820 | 17.03M | ||
 Bitget | USDT 0.820 $0.820 | 13.86M | ||
 Gate | USDT 0.820 $0.820 | 13.66M | ||
 MEXC | USDT 0.820 $0.820 | 4.26M | ||
 HTX | USDT 0.820 $0.820 | 3.6M | ||
 Coinbase Exchange | USD 0.820 $0.820 | 23.42M |
Sui Review
What is Sui? 🤔
Sui is a high-performance Layer-1 blockchain designed to provide scalable, low-latency infrastructure for decentralized applications. It relies on an innovative object-centric data model rather than traditional account-based systems.
The network has achieved significant market traction, with its ecosystem expanding rapidly. According to DefiLlama, the protocol boasts a TVL of $420.94 million and generates approximately $38,942 in 30-day chain revenue.
👥 Team & Founding Story
Mysten Labs, the principal development company behind Sui, was founded in 2021 by a group of highly experienced engineers and researchers. The core founding team, led by CEO Evan Cheng and CTO Sam Blackshear, previously worked together at Meta (formerly Facebook). There, they led the research and architecture for the controversial Diem (Libra) blockchain and the Novi wallet. When the Diem initiative faced intense global regulatory scrutiny and was ultimately shut down, the team experienced a massive turning point. Rather than abandoning their innovations, they pivoted and left Meta to build an independent, open-source Layer-1. Evan Cheng has openly discussed this dramatic career transition in a recent podcast interview, highlighting how the regulatory failure of Diem catalyzed the birth of a more resilient, decentralized network.
🔗 Core Technology / Ecosystem
Sui's architecture stands out by allowing independent transactions to execute in parallel, bypassing the sequential bottlenecks of traditional blockchains. Developers build on the network using Sui Move, a highly secure Rust-based programming language optimized for asset ownership. For deeper architectural details, developers can review the official documentation. Historically, the ecosystem has faced technical challenges. The core network experienced three separate mainnet outages totaling over 15 hours in May 2026 due to an upgrade bug, which was later resolved. Additionally, the prominent ecosystem DEX, Cetus Protocol, suffered a $223 million exploit in 2025.
🪙 SUI token:
The native token is utilized for network security through Delegated Proof-of-Stake, transaction fee payments, and on-chain governance. The tokenomics feature a hard-capped maximum supply of 10 billion tokens, ensuring a non-inflationary model beyond its genesis allocation. With frequent developer grants and incentivized testnets, more details on campaigns can be found in the events section.
Ultimately, Sui's unique technical foundation and strong institutional backing position it as a major competitor in the high-throughput blockchain landscape.
✅ Sui pros:
- Backed by an extensive roster of Tier-1 investors, including a16z crypto, Jump Crypto, and Binance Labs.
- Exceptional founding team with deep technical backgrounds at Meta, Apple, VMware, and Oracle.
- Strong Tier-1 strategic integrations, featuring traditional sector partnerships like Circle alongside major crypto ecosystem deployments.
- Comprehensive security validation with core protocol and ecosystem audits conducted by Halborn, Zellic, and OtterSec.
- Demonstrates strong operational scale with a DeFi TVL exceeding $420 million and over 141 active protocols.
❌ Sui cons:
- The network's high Initial FDV of $1 billion poses valuation risks relative to early revenue generation.
- Faces fierce competition in the high-performance Layer-1 sector against established networks like Solana, Aptos, and Sei.
- The core blockchain experienced a critical vulnerability leading to three mainnet network halts in May 2026, totaling over 15 hours of downtime.
- Major ecosystem dApps have shown vulnerabilities, highlighted by the $223 million Cetus Protocol exploit in 2025.
- Significant regulatory hurdles historically impacted the founders' previous Diem project, underscoring systemic compliance pressures.
Sui Team
Sui Roadmap
Mysten Labs was officially founded in 2021 by former Meta engineers who led the Diem project. The team successfully secured initial backing from a16z crypto to begin developing their independent Web3 infrastructure.
The project launched its public Devnet in May 2022, introducing developers to the Sui Move programming language. Later that year, the team successfully raised a massive $300 million Series B round at a valuation exceeding $2 billion.
Sui executed its highly anticipated Mainnet launch on May 3, 2023, unlocking the SUI token for global trading. The year also saw the introduction of zkLogin, enabling frictionless Web3 onboarding via familiar Web2 social credentials.
The network deployed the Mysticeti consensus upgrade in July 2024, which drastically reduced transaction latency by approximately 80%. This technological leap was complemented by the native integration of USDC by Circle in October.
The ecosystem expanded its security and data capabilities with the launch of the Seal Mainnet in September 2025. This programmable privacy layer was followed by the Mysticeti v2 upgrade, further optimizing execution efficiency.
In early 2026, Sui rolled out protocol-level gasless stablecoin transfers to accelerate mainstream adoption. However, the network also faced turbulence in May when a critical upgrade bug triggered three mainnet halts, totaling over 15 hours of downtime before a major validator patch restored stability.
Sui Airdrop & Retrodrop & Bounty
Description
The Sui Incentivized Testnet was a foundational, multi-wave historical testnet program orchestrated by Mysten Labs and the Sui Foundation prior to the network's mainnet launch. Running from August 2022 through early 2023, the initiative was designed to rigorously stress-test network operations, validator performance, tokenomics, and Move-based decentralized applications. Participants - including validators, full node operators, and developers - engaged in consecutive waves featuring operational and developer challenges. The highly anticipated program served as a primary avenue for early ecosystem contributors to earn mainnet SUI token allocations and staking delegations upon the network's official genesis.
Description
Sui is a high-performance Layer-1 blockchain designed for global-scale decentralization. To ensure the security and usability of its native cross-chain infrastructure, the network launched the Sui Bridge Testnet Incentive Program. This time-bound airdrop campaign incentivized users to stress-test asset transfers between the Ethereum Sepolia and Sui Testnet environments. Participants who successfully completed roundtrip bridging actions or provided critical bug reports earned a share of the final SUI mainnet token distribution.
Description
Sui is a highly scalable, low-latency Layer-1 blockchain developed by Mysten Labs. The SUI Token Community Access Program (CAP) was a one-time initiative launched to reward early community members and contributors ahead of the mainnet launch. Instead of a broad airdrop, the Sui Foundation allocated roughly 594,000,000 SUI (approximately 6% of the total supply) for retrospective grants and discounted token sales. Eligible Discord supporters could purchase up to 1,500 SUI at a discounted rate of $0.03 during the Recognition Sale, while public participants joined the General Sale at $0.10. The program successfully concluded alongside the Sui mainnet launch on May 3, 2023.
Description
Sui is a high-performance Layer-1 blockchain designed for scalable decentralized applications and global adoption. The Sui Overflow 2024 was its flagship global virtual developer hackathon, challenging builders to create innovative dApps using Move and native primitives like zkLogin. Running from April to June 2024, the event attracted tremendous global attention with a verified $1,000,000 prize pool. It ultimately drew 352 project submissions from 79 countries, rewarding the top ecosystem contributors across multiple specialized tracks.
Description
Sui Overflow 2025 is the second edition of the flagship global virtual hackathon hosted by the Sui Foundation. The initiative challenged developers to build production-ready decentralized applications leveraging the network's object-centric architecture and advanced features like zkLogin and Walrus. The event attracted massive global participation, receiving 599 submissions from builders across 85 countries. Teams competed across nine distinct tracks for a massive total prize pool of $550,000. The competition culminated in June 2025 with 46 winning teams recognized for their technical excellence and innovation.
Description
Sui is a highly scalable Layer-1 blockchain designed with an object-centric architecture and Move smart contracts to deliver unmatched throughput and low latency. Sui Overflow 2026 is the network's flagship global online hackathon, challenging developers to build practical, production-ready applications. The event features core tracks such as The Agentic Web, DeFi & Payments, and Infrastructure, alongside specialized technical integrations. With a verified direct prize pool of over $500,000 and total value surpassing $1,000,000 inclusive of seed funding, it stands as a premier opportunity for the builder ecosystem.
Description
The Sui Hydropower Fellowship is the flagship cohort-based accelerator program designed to support early-stage teams building on the Sui blockchain. Operating through discrete intensive cohorts, the fellowship compresses the timeline from idea to launch by providing hands-on technical support, go-to-market guidance, and direct access to the Sui Foundation. Rather than a fixed monetary grant pool, the program focuses on strategic mentorship, ecosystem partnerships, and culminating VC introductions during exclusive Demo Days. With 30 teams successfully completing the program across its first three cohorts, the fellowship targets critical verticals including agentic finance, RWA infrastructure, consumer social, and conversational UX.
Description
The DeFi Moonshots Program is an ultra-selective, perpetual initiative launched by Sui to support the development of category-defining decentralized finance products. Rather than a standard grant, this program provides extensive liquidity incentives and go-to-market support to high-conviction teams building novel financial primitives on the Sui network. With a focus on capital efficiency and net new inflows, the program identifies approximately 10 exceptional projects annually. Selected participants receive comprehensive ecosystem backing to aggressively scale their on-chain operations.
Description
The Sui Foundation Developer Grants Program is a continuous, non-dilutive funding initiative designed to support builders, educators, and researchers within the Sui ecosystem. The program aims to foster open-source projects providing long-term utility, encompassing sectors like developer tools, DeFi, gaming, and governance. Introduced in early 2023, the campaign continuously funds multiple cohorts through general rolling applications and targeted Request for Proposals (RFP) windows.
Description
The Sui Academic Research Awards (SARAs) is a continuous grant funding program organized by the Sui Foundation. The initiative supports researchers and academics worldwide with non-dilutive capital to advance blockchain science and security. Projects focus on ecosystem-critical infrastructure, including the Move smart contract language, zero-knowledge proofs, and distributed systems.
Description
Sui is an innovative Layer-1 blockchain optimized for fast, secure, and low-latency digital asset ownership, utilizing the Move programming language. The Sui Bug Bounty Program is a perpetual security initiative designed to incentivize white-hat researchers to identify and report critical vulnerabilities within the network. Hosted in partnership with HackenProof, the program rewards successful testnet Proof-of-Concept submissions that demonstrate an end-effect on in-scope assets. Payouts are distributed on a continuous rolling basis following successful KYC verification.
Description
Sui is a highly scalable Layer 1 blockchain optimized for fast parallel execution and utilizing the native Move programming language. The project hosted its inaugural global ecosystem conference, Sui Basecamp 2024, located in Paris, France. This massive flagship gathering brought together over 1,100 international attendees and more than 100 industry speakers to celebrate the network's post-mainnet growth. The event served as the launchpad for major infrastructural and hardware reveals, cementing the blockchain's focus on gaming and scalable decentralized finance.
Description
Sui is a highly scalable, high-performance Layer-1 blockchain designed to offer unparalleled speed for decentralized applications. Sui Basecamp 2025 served as the ecosystem's flagship annual in-person conference, gathering over 2,000 attendees from more than 90 countries. Held in Dubai, United Arab Emirates, the two-day event showcased major technical milestones, including hands-on demos of the SuiPlay0X1 console. Ecosystem builders introduced key stack elements such as Walrus, SEAL, Nautilus, and the Move Registry (MVR).
Description
Sui Basecamp 2026 is the flagship annual global conference for the Sui blockchain ecosystem, held in Singapore. Coinciding with TOKEN2049, this two-day in-person event focuses on product launches, developer solutions, and networking. A core theme of the 2026 edition is Agentic Finance, highlighting AI-driven autonomous on-chain agents alongside post-quantum security and autonomous payments. It brings together founders, builders, and investors to shape the future of the Sui network.
Description
The Sui Gaming Summit is an annual, free, one-day in-person conference focused on Web3 gaming development and ecosystem updates on the Sui blockchain. Hosted by the Sui Foundation and Mysten Labs, the event serves as a major side event to the Game Developers Conference in San Francisco, United States. Participants engage in high-level networking, technical showcases, and live gameplay demos without any associated reward pools or hackathon competitions. The event strictly serves as an educational and ecosystem-building hub for the Sui network.
Description
Sui is a high-throughput Layer-1 blockchain designed to enable fast, secure, and accessible digital asset ownership. Sui from Miami was a week-long series of curated events held in Miami, USA, culminating in the flagship Sui Live conference. The event brought together developers, builders, and ecosystem partners for major announcements, including the reveal of the Sui Overflow 2026 hackathon and advancements in stablecoin transfers. Attendees could participate both in-person at the Faena Forum or globally via the network's first-ever simultaneous livestream broadcast.
Description
Sui Presents Walrus was an exclusive in-person networking side event hosted during ETHDenver 2025. It celebrated the introduction of Walrus, a decentralized storage and data availability protocol built on the Sui blockchain. The gathering featured an après-ski theme, complete with a live DJ, exclusive swag, and presentations from key ecosystem leaders. Though free to attend, the event culminated in a special giveaway where participants had the chance to win a custom Walrus snowboard.
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