What is SUI blockchain and SUI token?

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ODAILY
05-13
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Key Points

– Lightning-Fast Transaction Speed: Sui adopts a unique Narwhal/Bullshark + Mysticeti consensus design, with simple transfers completed in sub-second levels, with a theoretical throughput exceeding 100,000 TPS.

– Move Language Provides Security Guarantee: Sui's Move smart contracts treat tokens and data as "resources", preventing asset duplication or loss risks, making it more reliable compared to some EVM chains.

– Robust Token Economics and Continuous Rewards: SUI has a fixed total supply of 10 billion, with currently only about one-third released, with half reserved for the community. Daily staking rewards (approximately 5-10% annually) come from predictable periodic subsidies and transaction fees.

– Thriving Ecosystem: DeFi locked value exceeds $2 billion, with popular GameFi projects, new NFT standards, native decentralized storage (Walrus), Athens Stock Exchange pilot, and WLFI treasury collaboration, continuously demonstrating Sui's practical value.

– Distinctive Technical Advantages: Unlike Solana, Aptos, or Avalanche, Sui finds a balance between extremely low latency and horizontal scaling, with a more secure asset object-oriented design; meanwhile, enjoying deep SUI/USDT trading liquidity on mainstream exchanges.

Since the mainnet launch on May 3, 2023, the SUI Blockchain (SUI) has grown to become one of the fastest Layer 1 blockchains through its object-oriented data model and Move language-based smart contracts. As of May 2025, Sui's on-chain activity has rapidly grown, covering DeFi, gaming, Non-Fungible Tokens, and multiple traditional financial collaboration efforts. This article will provide an in-depth analysis of Sui's technical architecture, token economics, investment endorsements, ecosystem progress, SUI price dynamics, compliance prospects, and a comparative analysis with Solana.

– Series B Financing (September 2022): At a valuation exceeding $2 billion, FTX Ventures led a $300 million investment, with strategic investors including Binance Labs, Coinbase Ventures, Circle Ventures, Jump Crypto, Franklin Templeton, Apollo Global Management, and Lightspeed. Funds were primarily used for mainnet deployment, local SDK development, and large-scale ecosystem incentive projects.

Image Credit: Cryptorank

After FTX's bankruptcy in November 2022, Mysten repurchased FTX Ventures' equity for $95 million, eliminating the price volatility risk for SUI caused by potential large-scale sell-offs.

In addition to venture capital support, Mysten established strategic partnerships with multiple institutions:

– Circle: Natively introducing USDC to Sui, enabling seamless stablecoin transfers;

– Anchorage & BitGo: Providing compliant custody solutions to meet institutional-level security requirements;

– Renowned market makers: Ensuring deep liquidity for mainstream trading pairs like SUI/USDT.

These capital and institutional collaborations form a solid foundation for Sui's rapid growth and ecosystem stability.

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– Internal Selling Doubts (October 2024): Rumors claimed insider selling of approximately $400 million in SUI, but the project's transparent dashboard clarified the matter.

– $29 Million Theft (December 2024): Around 6.27 million SUI were stolen due to third-party wallet vulnerabilities, highlighting the need to strengthen on-chain forensic tools.

– Mysticeti Upgrade: Continuously improving consensus to maintain performance leadership.

– zkLogin and Walrus Launch: Bringing innovations in user experience and decentralized storage.

– ATHEX Collaboration: High-standard traditional financial pilot project with the Athens Stock Exchange is progressing.

Frequently Asked Questions About Sui Blockchain

  • Where can I buy SUI?

You can trade SUI/USDT in the spot market on XT.com, enjoying deep liquidity and low fees. After registering or logging in and completing KYC, you can start trading SUI/USDT on XT.com.

  • How to stake SUI to earn rewards?

After buying SUI on XT.com, go to the "Earn" or "Staking" page, search for "SUI", and select a validator or delegation pool. Your staked SUI will receive daily rewards per epoch (currently around 5-10% annually) and can be flexibly unbonded at the end of each epoch.

  • Where can I learn about Sui's technology and token economics?

– Official Documentation: See Sui Docs for comprehensive Move, consensus, and token economic specifications.

– Token Economics Dashboard: Track real-time unlocking progress and circulation on the Sui Foundation token economics page.

– Community Resources: Join Sui Discord for discussions, check tutorials, and follow Twitter/X @SuiNetwork for the latest updates.

Where can I view SUI's price and market data?

XT.com provides real-time charts and order books. You can also monitor prices through platforms like CoinMarketCap or CoinGecko.

How can I participate in the Sui ecosystem as a developer or validator?

– Developers: Visit Sui DevHub for SDKs, tutorials, and hackathon information.

– Validators: Consult the Sui Foundation validator guide to understand node requirements and submit an application.

Future Outlook and Conclusion

As of May 2025, the Sui Blockchain (SUI) is ranked among the fastest, most secure, and most developer-friendly platforms. Future focus will include:

– Expanding on-chain governance to empower community decision-making;

– Further decentralizing the validator network to enhance security and stability;

– Promoting more real-world scenarios, such as ATHEX's production environment deployment.

With over $2 billion in DeFi locked, a thriving gaming and Non-Fungible Token ecosystem, strategic partners like WLFI, and a mature token economic model, Sui is steadily advancing towards new heights, competing with other projects in the high-performance blockchain track. Whether you're trading SUI/USDT, participating in staking for rewards, or building the next Web3 application, Sui has created a solid foundation for decentralized finance and more scenarios with its low latency, parallel execution, and Move-driven security features.

About XT.COM

Founded in 2018, XT.COM currently has over 7.8 million registered users, with monthly active users exceeding 1 million and ecosystem user traffic over 40 million. We are a comprehensive trading platform supporting 800+ quality coins and 1000+ trading pairs. XT.COM cryptocurrency trading platform supports spot trading, margin trading, futures trading, and other diverse trading varieties. XT.COM also has a secure and reliable Non-Fungible Token trading platform. We are committed to providing users with the safest, most efficient, and most professional digital asset investment services.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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