S

Sui

SUI

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Sui is an object-centric Layer 1 blockchain

Performances

Comparison:
1h24h7d30d60d90d
0.60%1.46%14.94%3.90%7.57%14.90%

Comparison

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Details

This content is generated by RD AI and is for reference only

Sui is a Layer 1 blockchain platform that adopts an object-centric data model and the Move programming language. It enables developers to build smart contracts by defining object ownership for parallel transaction execution. Developers write, test and deploy Move contracts in the Sui environment to manage on-chain assets and data states.

Founded:
2022
Location:
Taiwan, United States

Event Calendar

Dec 6, 2021
Sui raised $ 36 M in Series A round
Sep 8, 2022
Sui raised $ 300 M in Series B round
Mar 30, 2023
Sui Launches Permanent Testnet
May 3, 2023
May 3, 2023
May 3, 2023
SUI is live for trading

Open Markets

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About Sui

Sui's mainnet launched in May 2023, establishing a high-throughput, low-latency Layer 1 blockchain. In 2024, its stablecoin trading volume surpassed $1 trillion, marking significant ecosystem growth. The network experienced three major outages in May 2026 due to upgrade vulnerabilities, prompting critical improvements in gas logic and consensus mechanisms. Strategic integrations include tZERO for regulated digital asset securities infrastructure, NAVI Protocol's lending framework NAVI Prime, and Gorae's partnership to blockchain over 50,000 EV charging stations in South Korea. Mysten Labs announced plans for confidential transactions on Sui, aiming for large-scale free privacy payments. Phantom's decision to stop supporting Sui on September 24 signals evolving wallet ecosystem dynamics. These milestones highlight Sui's focus on scalability, real-world asset tokenization, and privacy-enhancing technologies.

Updated: Aug 29, 2026

Bullish: Launched USDsui stablecoin, using Treasury yields to buy back SUI and inject into DeFi; Foundation buybacks exceeded 609,800 SUI YTD; Jupiter cross-chain integration and CME index inclusion brought institutional demand; TVL ~$1.2B.

Bearish: FDV ~$6.7B far exceeds market cap of $2.7B, scheduled unlocks have repeatedly capped rallies; price capped by 200-day EMA at $0.9650, a break below $0.7455 could test $0.6615; buyback tokens are not burned and the scale is small.

Updated: Sep 15, 2026

Evan Cheng (Co-Founder & CEO): Former Meta engineering leader; created Move language; led Novi research.

Adeniyi Abiodun (Co-Founder & CPO): Ex-Meta/Cisco; led core platform at Novi; focuses on product strategy.

George Danezis (Co-Founder & Chief Scientist): UCL professor; privacy/crypto expert; ex-Facebook Novi researcher.

Updated: Aug 29, 2026

Recent team changes at Sui:

New additions:

  • Shaan Varia joined in May 2026 as GM of Onchain Finance.
  • Jon Campagna joined in June 2026 as Head of Bitcoin Partnerships.

Departures:

  • Co-founder and CTO Sam Blackshear departed in August 2026.
Updated: Sep 8, 2026
Sui Project Introduction, Team, Financing and News_RootData | RootData