Sui 

SUI Price

What is the Sui coin?

Sui is a permissionless Layer-1 blockchain developed by Mysten Labs. The network uses the Move programming language with an object-centric data model and targets high-throughput consumer applications: DeFi, gaming and payments. Mysten Labs also positions Sui as infrastructure for autonomous AI transactions. Mainnet launched in May 2023, and SUI serves as the network's native coin for gas, staking and governance.

Who is behind Sui crypto?

Mysten Labs develops Sui. The company was founded by former Meta and Novi engineers from the Diem project, and the founding team carried the Move programming language into Sui's design. Per DropsTab data, Sui is classified under Blockchain and Sui Ecosystem. The project drew launchpad support from Binance, OKX and KuCoin at launch.

What is the SUI coin used for?

SUI pays gas fees, secures the network through staking, and carries governance rights. Per DropsTab data, 10% of total supply (1 billion SUI) is allocated to Stake Subsidies that fund staking rewards. These subsidies release as continuous daily emissions, which means staking rewards add new circulating supply on an ongoing basis.

Is SUI a coin or a token?

SUI is a coin: the asset native to the Sui Layer-1 blockchain itself. Its on-chain identity is the coin object 0x2::sui::SUI. Sui block explorers such as Suiscan, SuiVision and OKLink let anyone verify the coin's on-chain record. Tokens built on Sui's infrastructure are separate Move-based assets.

What does SUI tokenomics say about maximum supply?

Per DropsTab data, SUI has a fixed maximum supply of 10,000,000,000 SUI, equal to its total supply. The largest allocation is the Sui Foundation Reserve at 52.2% (5.22 billion SUI). Community Reserves hold 10.6% and Stake Subsidies 10%. Insider-linked buckets (Series A, Series B, Early Contributors, Mysten Labs Treasury) together account for about 21.85% of supply.

How does SUI's unlock schedule affect circulating supply?

Per DropsTab data, the SUI token generation event took place on May 3, 2023, with about 560 million SUI (5.6% of max supply) unlocked on day one across five buckets. DropsTab tracks 2,846 dated unlock events for the schedule. Supply inflation comes mainly from the Foundation Reserve bucket and daily Stake Subsidy emissions, which grow circulating supply continuously and create ongoing unlock-driven sell pressure.

Who backed Sui?

Per DropsTab data, Sui raised $36M in a Series A led by Andreessen Horowitz (a16z) in December 2021. A $300M Series B followed in September 2022 at a valuation of over $2 billion, led by FTX Ventures with Jump Crypto, Coinbase Ventures, YZi Labs (previously Binance Labs) and Franklin Templeton participating. The April-May 2023 public sale raised about $49.4M across five launchpads.

What does Sui's fundraising signal about project maturity?

The investor roster pairs top-tier crypto venture firms with traditional finance names. Jump Crypto, Coinbase Ventures, Circle Ventures and Franklin Templeton joined Series B, and Lightspeed Venture Partners participated in both rounds. No single VC holds a supply majority. The FTX Ventures lead on Series B is historical context: the round closed in September 2022 and implies no current exposure. In August 2025, Mill City Ventures added $20M of SUI through an OTC treasury purchase.

Did SUI run an airdrop?

No airdrop took place. SUI reached the public through paid sales: between April and May 2023, five launchpads (Binance Launchpool, OKX Jumpstart, KuCoin Spotlight, Bybit and BitForex) sold SUI at $0.03 to $0.10. Binance Launchpool participants farmed 40 million SUI by staking BNB and TUSD, and the campaign ended at the token generation event in May 2023.

On which crypto exchanges can SUI be traded?

Per DropsTab data, SUI trades on over 100 markets spanning spot, derivatives and DEX venues. Tier-1 centralized venues dominate the spot side: Binance, Coinbase, Kraken and OKX, with fiat on-ramps in USD, EUR, KRW, TRY, JPY and BRL. Perpetual futures trade on Binance Futures, Bybit, OKX, Hyperliquid and Deribit, among others. On-chain liquidity is Sui-native, concentrated on the Cetus DEX with additional depth on Turbos Finance.