Introduction to Sui Network
Sui is a permissionless layer 1 blockchain designed to empower developers and creators to build scalable web3 experiences for the next billion users. Launched in 2023, Sui prioritizes high throughput, low-cost transactions, and instant settlement speeds, making it a standout in the blockchain ecosystem.
Key Metrics
- Market Cap: $8.89 billion
- Fully Diluted Valuation (FDV): $26.16 billion
- Circulating Supply: 3.40 billion SUI (33.97% of total supply)
- Total Supply: 10.00 billion SUI
- Current Price: $2.62 (-4.93% 24h change)
Fundraising and Tokenomics
Fundraising Statistics
- ICO Price: $0.10 per SUI
- Total Funds Raised: $385.37 million
- Total Tokens Sold: 2.03 billion (20.34% of total supply)
Fundraising Rounds
| Investment Round | Date | Price per Token | Funds Raised |
|---|---|---|---|
| Public Sale (Bybit IDO) | 1 May 2023 | $0.03 | $2.82 million |
| Binance Launchpool | 1 May 2023 | -- | -- |
| OKX IDO | 23 Apr 2023 | $0.03 | $750,000 |
| KuCoin IDO | 15 Apr 2023 | $0.10 | $22.50 million |
| Series B | Sept 2022 | $0.50 | $300 million |
| Series A | Dec 2021 | $0.045 | $36 million |
Sui Investors
Sui boasts backing from top-tier venture capital firms and exchanges, including:
- Binance (Tier 1)
- Coinbase Ventures (Tier 1)
- Electric Capital (Tier 1)
- a16z (Andreessen Horowitz) (Tier 1)
- Jump Crypto (Tier 1)
👉 Explore more about Sui’s investor ecosystem
Sui Cryptocurrency (SUI) Overview
Sui Network is engineered for horizontal scalability, supporting diverse decentralized applications (dApps) with unmatched efficiency. Key features include:
- Instant settlement: Sub-second finality.
- Low transaction costs: Optimized for mass adoption.
- Developer-friendly: Supports Move programming language.
Token Distribution
Sui’s token allocation is structured to ensure long-term growth:
- Ecosystem & Community Incentives: 50%
- Team & Advisors: 20%
- Investors: 15%
- Foundation Reserve: 15%
Price Performance and Sentiment
- Recent Performance: -7.75% (7-day change).
- Sentiment: Neutral (based on social and market activity).
FAQs
1. What makes Sui different from other blockchains?
Sui’s horizontal scalability and Move language integration set it apart, enabling faster, cheaper transactions compared to traditional layer 1 networks.
2. How can I buy SUI tokens?
SUI is listed on major exchanges like Binance, OKX, and KuCoin. 👉 Trade SUI on OKX
3. What is Sui’s long-term price potential?
Analysts project growth driven by its scalable infrastructure and strong investor backing, though market volatility remains a factor.
4. Who are Sui’s main competitors?
Sui competes with chains like Aptos, Solana, and Ethereum, but focuses on superior scalability and user experience.
5. When was Sui’s ICO held?
The public sale occurred in April 2023, with trading launching on 3 May 2023.
Final Thoughts
Sui’s innovative architecture and robust investor support position it as a promising player in the web3 space. While its price has faced recent downturns, its long-term utility and adoption potential remain strong.
👉 Stay updated on Sui’s latest developments
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