Sui

Sui

SUI #32
BBB 73% L1 Protocol Watch

Project Safety Score: 73%

Updated 5 minutes ago
SuiSUI
Market Cap$2882386784
24hr Volume$112489238
24hr Change0.2%
Price$0.7112905113460355
Coverage: 5 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: L1 / Protocol Coin - scored on network security, adoption, dev health, economic design, governance
Track
Record
85 AA
100% · medium
Developer
Health
86 AA
100% · medium
Network
Security
72 BBB
100% · medium
Social
Behavioral
63 BB
80% · low
Adoption
& Liquidity
59 B
100% · high

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SUI Sui Details
Type
Layer 1 blockchain
Launched
2022
HQ
Palo Alto, California, USA
Team
Doxxed
Smart Contract PlatformBinance LaunchpoolLayer 1 (L1)Sui EcosystemCoinbase Ventures PortfolioProof of Stake (PoS)Andreessen Horowitz (a16z) PortfolioYZi Labs (Prev. Binance Labs) Portfolio

Sui is a Layer 1 blockchain developed by Mysten Labs, founded by former lead engineers from Meta’s blockchain research division. The platform uses the Move programming language and features an object-centric data model that allows for parallel transaction execution. This architecture is designed to support high-speed transactions and stable fees as the network expands. Sui has garnered support from various institutional venture capital firms.

The native token, SUI, serves multiple functions, including transaction fees and on-chain utility across decentralized exchanges and lending platforms. Users engage in a proof-of-stake mechanism that involves locking tokens to support validators, with staking rewards as an incentive. The governance model enables token holders to participate in decision-making regarding network rules and future protocol updates, contributing to the platform's long-term stability and scalability.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Track record score 84 out of 100.
Sui has a strong track record with a significant operational history of 4.3 years, showcasing stability in the market. It has no regulatory actions against it, which indicates a clean compliance status. Furthermore, there have been no historical incidents affecting the project, giving it a trustworthy standing. However, there is one concern flagged during research that investors should keep in mind.

Economic design score 65 out of 100.
The economic design score reflects a solid foundational structure with a hard supply cap of 10 billion tokens. However, only 40% of this total supply is currently circulating, raising some caution around liquidity and market dynamics. This aspect is particularly noted as an area to monitor, considering the under 50% circulating supply.

Developer health score 84 out of 100.
Sui enjoys a robust developer ecosystem, evidenced by over 5,400 GitHub stars and more than 12,000 forks, suggesting healthy community engagement and interest. The recent commit activity is also notable, with 219 commits in the last month, showing ongoing development efforts. The presence of 218 contributors further underscores a collaborative development environment.

Network security score 73 out of 100.
The network security score indicates a moderately strong position, with a chain that is 4.3 years old and no recorded historical incidents. However, economic security raises some concerns given its market capitalization of approximately $3.9 billion, suggesting potential vulnerabilities that investors might want to consider.

Social behavioral score 63 out of 100.
Sui's social behavior score indicates moderate engagement, with a limited audience on Twitter and no analytics for influencers at this time. Sentiment remains largely positive at 82% up, compared to 18% down. While there is minimal bad press and no regulatory issues, one additional concern has been flagged in the research, which means caution is advised in assessing community sentiment.

Adoption and liquidity score 66 out of 100.
The adoption and liquidity score indicates a reasonable level of activity, with approximately $440 million in daily trading volume. Additionally, Sui is listed on 65 centralized exchanges, a healthy proportion of which have a green-trust rating. However, its market cap tier of 20 suggests it might be in a lower tier for larger market players, warranting a closer look at liquidity and trading habits.

Inherent to all cryptocurrency investments, including Sui, is a degree of risk tied to market volatility, regulatory changes, and technological developments. Potential investors should conduct thorough research based on these factors to better understand the project's performance and viability.

  • Evan Cheng - CEO LinkedIn ↗
    Prior: Meta's Novi Financial
    Former Director of Novi Financial at Meta
  • Arianna McCullough - COO LinkedIn ↗
    Prior: Meta's Novi Financial
    Former Head of Operations at Novi Financial at Meta
  • George Danezis - Chief Scientist LinkedIn ↗
    Prior: Meta's Novi Financial
    Former Head of Privacy and Security at Novi Financial at Meta
  • Sam Blackshear - Chief Engineer LinkedIn ↗
    Prior: Meta's Novi Financial
    Former Engineering Manager at Novi Financial at Meta
  • Ming Zhang - Chief Architect LinkedIn ↗
    Prior: Meta's Novi Financial
    Former Engineering Manager at Novi Financial at Meta
  • CertiK 2022-10-15 pass report ↗
    No critical vulnerabilities found; minor issues identified and resolved.
View whitepaper ↗ (2022)
Quality: high
Max supply: 10000000000
Team allocation: 20.0%
Investors: 30.0%
Public: 50.0%
Next unlock: 2023-06-15
Vesting complete
  • Strong backing from reputable venture capital firms
  • High-quality whitepaper
  • Successful mainnet launch with high throughput and low latency
  • Less than 50% of supply is circulating
  • Allegations of centralization due to token distribution

Price Chart - Sui

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Sui
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85%
Profile Status
Data completeness
Some data missing
High confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$5.35
All-Time Low$0.3648
Circulating4052334085
Total Supply10000000000

Community Sentiment

👍 87% 13% 👎

Recent News

Sui token drops 5% despite Coinbase staking lau...

general 1 source 21 hours, 43 minutes ago

Sui Launches Hashi Testnet, Bringing Bitcoin-Collateralized Lending to DeFi

general 4 sources 3 days, 1 hour ago

Coinbase unlocks SUI staking as token presses against $0.78 wall

general 2 sources 3 days, 7 hours ago

Breaking: Coinbase Launches SUI Staking Services As Sui Hashi Testnet Goes Live

general 2 sources 3 days, 8 hours ago

SUI crypto eyed to hit $5 as analysts spot earl...

general 1 source 3 days, 14 hours ago

Blockchain.com Adds SUI Trading Support, Expanding Crypto Offerings

general 2 sources 4 days, 4 hours ago

Sui blockchain hits 4.5 billion cumulative transactions, network activity accelerates

general 1 source 4 days, 22 hours ago

Next Big Crypto Countdown: SUI Bleeds Under Extreme Fear, HYPE Fights for $64 While BlockDAG Hands Out a 95x Payout

general 1 source 5 days, 7 hours ago

Sui blockchain surpasses 4.5B transactions

general 1 source 5 days, 16 hours ago

Why Is Sui's Approach to Storing Data On Chain Different From Most Blockchains?

general 1 source 1 week, 1 day ago

Developer Activity

GitHub stars⭐ 5403
Forks12286
Watchers150
Commits (4 weeks)219
PRs merged9209
View on GitHub →

Sui GitHub