Sui (SUI)

Sui is a Layer 1 blockchain designed from scratch to maximize transaction speed and minimize fees. Its main trick is parallel execution: instead of processing transactions one by one in a queue, Sui handles independent transactions simultaneously, which lets it scale far better than chains with a sequential model.

Sui uses an object-centric data model, where every asset is a separate object with its own history — unlike account-based chains like Ethereum. For simple asset transfers it uses a fast path called Byzantine Consistent Broadcast that skips full consensus, while complex transactions involving shared objects go through the Mysticeti consensus protocol. This split is what makes everyday transfers near-instant.

SUI has a hard cap of 10,000,000,000 coins, meaning no more will ever be created. New tokens enter circulation through a scheduled unlock process and staking rewards paid to validators and delegators. The fixed supply is designed to prevent inflation from endless money printing.

SUI can be stored in wallets that support the Sui network, including the official Sui Wallet browser extension and various mobile and hardware options. Beyond holding, you can use SUI to pay transaction fees, stake it with validators to earn rewards, or interact with apps in the Sui ecosystem such as DeFi platforms, games, and NFT marketplaces.