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Sui Price

$0.68

$0.68

-$0.00068 (-0.100%)

Live — price updates every 5 seconds

24H High

24H Low

Bearish

SUI is down -0.100% today — sellers are in control

80.13% Buying
19.87% Selling

Sui calculator

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$107.21M of SUI

traded in the last 24 hours ·

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80.1% buying on Kraken

Sui price today

1 Year High

$0.65$2.02

$2.02

Highest price this year

$2.02

Highest price this year

$0.65
$2.02

Today's Range

$0.68

Today's trading range

$0.68

Today's trading range

All-Time Range

$0.00$5.35

13%

of all-time high

13%

of all-time high

$0.00
$5.35

Market Cap

#176

$2.75B

0.1% m. share

Volume 24h

$107.21M

-0.10% price · 24 hours

Circulating Supply

40.7%

4B of 10B

Fully Diluted Cap

$6.76B

Listed May 3, 2023

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About Sui

Sui Network is a scalable, low-latency smart contract platform powered by a permissionless set of validators. Sui Network allows transactions to be processed in parallel thanks to its unique data model and approach to consensus. The SUI token allows network users to pay gas fees, while also helping to ensure smooth transaction execution and reliable storage of operations on the network.

What is Sui (SUI)

A Deep Dive on Sui

Sui offers a high-performance blockchain platform that is engineered for speed and efficiency. This Layer 1 blockchain leverages an innovative object-centric model as well as the Move programming language to deliver instant, low-cost transactions with exceptional scalability.

Overview and Purpose

Sui addresses critical challenges in the blockchain space, focusing on three main pain points: scalability limitations, transaction latency, and inefficient digital asset management. Through its unique architecture, Sui enables high-throughput parallel processing, allowing multiple transactions to be processed simultaneously rather than sequentially. This makes it particularly well-suited for DeFi applications, NFTs, and gaming platforms that require rapid transaction processing.

Network Architecture

Sui's infrastructure is built on several innovative technological pillars. At its foundation is the Move programming language, designed specifically for secure and efficient smart contract execution. Unlike traditional smart contract languages, Move's object-based model enhances security by minimizing common vulnerabilities and improving resource management.

The network employs a DAG-based consensus mechanism called Narwhal & Bullshark, which achieves sub-second finality through parallel transaction execution. This approach differs fundamentally from traditional blockchains by allowing transactions affecting different objects to be confirmed simultaneously without waiting for global consensus.

Sui's object-centric data model represents another architectural breakthrough. By treating on-chain assets as independent objects rather than account-based records, the system simplifies asset management and reduces computational overhead. This model is particularly effective for handling NFTs, tokenized assets, and gaming items.

The network's horizontal scalability allows it to grow by adding more validators, ensuring consistent performance even as demand increases. This approach prevents the congestion issues that often plague other blockchain networks during high-activity periods.

SUI Token Fundamentals

The SUI token serves multiple critical functions within the ecosystem. It's used for transaction fees, network security through staking, and governance participation. Token holders can engage in onchain voting for protocol upgrades and participate in network decisions.

Supply Characteristics

Sui has a maximum supply of 10 billion SUI tokens. The initial distribution was structured as follows:

  • 36.13% (3.613 billion SUI) allocated to Community Reserves
  • 21.1% (2.11 billion SUI) to Early Contributors
  • 14.1% (1.41 billion SUI) to Investors
  • 12.4% (1.24 billion SUI) to Mysten Labs Treasury
  • 10% (1 billion SUI) to Stake Subsidies
  • 5.82% (582 million SUI) to Community Access Program
  • 0.4% (40 million SUI) to Binance Launchpool

The token distribution includes various vesting schedules, with portions locked for different periods ranging from 6 months to 60 years. The network offers a competitive APR for staking rewards.

Project Development

Sui was developed by Mysten Labs, founded by former Meta (Facebook) engineers who previously worked on the Diem blockchain and Move programming language. The founding team includes Evan Cheng (Director of Research), Sam Blackshear (Director of Research), and Adeniyi Abiodun (Director of Product Management).

The project launched on May 3, 2023, following successful funding rounds that included a $36 million Series A at $0.045 per token and a $300 million Series B. The initial exchange offering (IEO) took place in April 2023 at $0.093 per token.

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Sui price history

The price of Sui over today, last day, last week, last month and last year
TimePriceChange
Today$0.68-0.10%
1 Day$0.68-0.10%
1 Week$0.69-2.30%
1 Month$0.74-8.90%
1 Year$3.80-82.20%

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FAQs

Yes, you can use Custom Orders on Kraken to automatically buy Sui if it reaches a lower price.

Timing the market can be incredibly challenging, which is why many traders opt to dollar-cost average Sui instead. Using recurring buys, you can steadily accumulate Sui over time regardless of its market price, and eliminate the stress of trying to perfectly time the market.

158,690,779 SUI worth $107,211,173 was traded on Kraken in the last 24 hours.

A variety of factors affect the price of Sui including market sentiment, technical developments, user adoption and macro economic events.

The Sui price chart shows several important pieces of information about the current price of Sui, including its recent price movement and trading volume. The vertical axis represents the value of the asset in your chosen currency, such as USD, while the horizontal axis shows the time period, which can range from minutes to years. Sui price charts often use candlesticks to illustrate price movements. Each candlestick represents the opening, closing, highest and lowest prices SUI printed within a specific time frame. Below the price chart, you may also see volume bars that display trading activity for that period, with taller bars indicating higher trade volume. Professional traders often factor in these data points when conducting their own technical analysis.

You can use the SUI price chart to analyze price movements and identify areas of support and resistance. Many traders also use different technical indicators to help them analyze past SUI trading patterns in an effort to predict future price changes. It's important to remember that no method can predict prices with 100% accuracy, but using different tools while analyzing the SUI price chart can help inform your trading strategy.

Yes, Kraken makes it easy to stake and earn rewards on dozens of different cryptocurrencies. Visit our staking page here to see if Sui is eligible for staking or opt-in rewards in your region.

As with any financial investment, there are risks to consider before investing in Sui and holding it on an exchange like Kraken. Cryptocurrency prices, including Sui, can be highly volatile. While Kraken has always maintained a strong focus on security, we encourage our clients to self custody their crypto in non-custodial wallets that only they can access, like Kraken Wallet.

Cryptocurrency tax reporting rules vary significantly from country to country. It’s advisable to seek professional local tax guidance to ensure correct reporting and avoid potential penalties.

  1. To set up Sui price alerts on Kraken web, go to the Alerts widget, located behind the Order form in Advanced view. First, enable browser notifications. Then, click "Create new alert" to open the alert setup. Choose Sui, set trigger parameters, and adjust the price using the percentage buttons or by typing the desired price.
  2. To set up Sui price alerts on the Kraken mobile app, ensure push notifications are enabled in both your device settings and within Kraken Pro. Then, go to the price alerts modal by tapping the bell icon on the Markets page or long-pressing any open order. Select "Create new alert" and follow the same steps as on the web platform

You can use custom orders on Kraken to automatically execute stop-loss or take profit orders for Sui. When using Kraken Pro, you can set a stop-loss or take-profit order for Sui by locating the "Take Profit / Stop Loss" dropdown on the order form. Choose either "Simple" or "Advanced" mode based on your preference.

Your funding limits are influenced by several factors, including your country of residence, verification level and the asset you're looking to deposit or withdraw.

Yes, the Kraken mobile trading app makes it easy to manage your Sui holdings on the go. Our smart investing service brings powerful tools and effortless control to your Sui investments.

To export your Sui trading history, locate the Settings menu and click on “Documents” > “Create Export.” From here, you can choose between trade history, ledger history or balance, depending on what data you’d like to export.

Yes, Kraken offers recurring buy functionality for a wide range of cryptocurrencies, including Sui. To set it up, open the mobile app, tap "Buy," and choose the asset you'd like to purchase. Then, enter the amount you wish to buy and select the frequency by clicking "One Time" and choosing a schedule that works for you: daily, weekly, or monthly.

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Disclaimer

These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representations as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.


Content provided herein may originate from third parties not associated with Payward Ventures, Inc. (D/B/A Kraken) or any of its subsidiaries. Kraken does not vouch for or take responsibility for such third-party content. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Any reliance on this content is at the reader’s own risk. Kraken shall not be held liable for inaccuracies or any decisions made based on this content. Kraken does not endorse nor validate the accuracy of the information provided for any specific asset. Displayed prices are merely representative and the actual values and related data may differ. The unpredictable nature of the cryptoasset markets can lead to loss of funds.

Margin, futures and opt-in rewards are subject to certain geographic limitations and eligibility criteria.

Reward rates are subject to change and compliance with Kraken's terms and conditions. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. For more information, please see our Terms of Service.

Trading futures, derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken’s risk disclosure to learn more.